RISMEDIA, Nov. 13, 2008-(MCT)-The Bush administration on Tuesday announced another plan to modify what it thinks will be hundreds of thousands of distressed mortgages held or backed by mortgage finance giants Fannie Mae and Freddie Mac.
More than 15 months into a deep, nationwide housing slump, several federal ag...Read More
At the moment, Mortgage Bonds are trading just slightly lower as Stocks try to rebound from yesterday's sharp losses. The selloff may have been triggered by Chairman Bernanke's talk, which painted a slow economic recovery and repair of the credit markets. Stock Traders were groping for a more hopeful message from Mr. Bernanke and whe...Read More
Evaluate whether prepaying is right for you. In the short term think of prepaying your loan as investing, but investing in a large, illiquid asset. That is, you must sell the house to get the money out again. If you have a low interest rate and you are making good returns on investments, it may not be worthwhile. If other...Read More
WASHINGTON - First-time homebuyers should begin planning now to take advantage of a new tax credit included in the recently enacted Housing and Economic Recovery Act of 2008.
Available for a limited time only, the credit:
Applies to home purchases after April 8, 2008, and bef...Read More
