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Refinance Rates at a Level Where Every Homeowner Should Take Notice - Transworld News 2012-02-22T21:21:54Z With the current financial climate in an unstable state many homeowners are finding themselves exploring the option of refinancing their mortgage loan to free up money for immediate needs. In many cases homeowners have opted to refinance their home so that ... Read more
Mortgage Professor: Refinance or modify while it’s still possible - Arlington Heights Daily Herald 2012-02-18T05:56:04Z Interest rates have been very low for several years, and right now they are lower than ever, yet millions of mortgage borrowers who could profit from a refinance haven’t. Similarly, millions of borrowers who are having trouble making their ... Read more
Refinance Rates at a Level that Makes Sense for Homeowners - Transworld News 2012-02-21T12:19:03Z Whether you want to lower your monthly payment, pay off your mortgage faster, reduce the amount of interest paid over the life of your home loan, get cash to pay for home improvements, pay off debt or refinance your adjustable-rate loan into a fixed-rate ... Read more
Hidden Gems: Freddie Mac's Refinance Activity Reports - DSNews.com 2012-02-15T22:34:37Z Of the myriad of public reports about the housing sector and mortgage industry, the quarterly statistics from Freddie Mac on refinance activity offer unique insights not only into the level of refinance lending but what that activity tells us ... Read more
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Barry Habib, Residential Finance Corporation Executive, Proposes Housing Initiative - Marketwatch 2012-02-22T14:41:02Z Existing mortgage would be divided into two parts: a first mortgage -- representing 80 percent of the current value of the home -- on a 20-year fixed payment, which takes advantage of the historically low market rates, and a second mortgage on ... Read more
Get your financial priorities straight - Abington Mariner 2012-02-22T15:09:40Z We’ve got $3,500, but remodeling would take about $2,000. Should we get a second mortgage to get the work done? You might want to get another opinion. Sure, a new kitchen would be nice, but is that the end-all, be-all? Either way, there’s no way I’d ... Read more
National Default Rates Decreased in January 2012 According to S&P/Experian Credit Default Indices - PR-USA.net 2012-02-22T15:16:50Z Second mortgage and bank card default rates also moved down from 1.33% and 4.60% in December to 1.30% and 4.57% in January, respectively. Auto loans default rates were unchanged at 1.27%. "As we begin the New Year consumer default rates may be resuming the ... Read more
While Welsh average turnover was £4,000 less than in 2009, the UK average was £11,000 higher - WalesOnline 2012-02-22T05:37:00Z THE survey showed that the most common form of finance used by small firms was bank overdraft (28%). The survey found that 3% had used a second mortgage as a source of finance, 7% funds from friends and family and 20% had used their savings or an inheritance. Read more
Mortgage Delinquencies and Defaults Fell in January - United Press International 2012-02-21T16:36:45Z Second mortgage and bank card default rates also moved down from 1.33 percent and 4.60 percent in December to 1.30 percent and 4.57 percent in January, respectively. "First mortgage default rates fell by 11 basis points in January, completely ... Read more
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