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Treasuries Rise Amid Flat Consumer Prices, Declining Confidence
Aug. 14 (Bloomberg) -- Treasuries rose for a second day as reports showed the cost of living in the U.S. was unchanged in July and an unexpected decline in consumer confidence suggesting weak consumer spending could damp the pace of recovery. Read Complete Article Significant changes to the home financing process Over the last few years, the rules surrounding our industry have changed significantly and continue to change on a monthly basis, however the following new guidelines directly effect how mortgage loans are processed and how interest rates are determined. Read Complete Article 2nd Waive of Foreclosures may hit as "Option ARMs" start to adjust. Read More
What the "Making Work Pay" Tax Credit Means For You Read More
Treasuries rise on News of Fed buying Mortgage backed Securities Read More Fed Agrees to buy $300 in Treasuries. Today the Fed agreed to Buy $300 Billion in Treasuries and mortgage backed securities, bonds rallied on the news and pushed interest rates lower. Read More U.S Sets rules for Mortgage Modifications, 2% Rates (Bloomberg)
The Obama administration set loan modification guidelines for its $75 billion homeowner rescue plan to help distressed homeowners...Read More
Great Video that explains the Subprime mortgage and Credit Crisis. The Crisis of Credit Visualized from Jonathan Jarvis.
"Stimulus' and 'Stability' Equal Help for Homeowners: Here is an overview of some benefits of the Economic Stimulus Plan for 2009 and the Homeowner Affordability and Stability Plan that may impact you. Stimulus Plan - Tax Credit for Homebuyers: The $787 Billion stimulus bill is made up of tax cuts and spending programs aimed at reviving the US economy. Although the package was scaled down from nearly $1 Trillion, it still stands as the largest anti-recession effort since World War II. One of the major benefits of the plan is a tax credit for new homebuyers. Read MoreStability Initiative: This initiative aims at providing help to individual families as well as entire neighborhoods by helping reduce foreclosures and stabilize home prices. It is intended to help homeowners who are struggling to afford their mortgage payments, but cannot sell their homes because prices have fallen significantly. Read More
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