Mortgage News
Fed Outlook:
Another jobless recovery? - Fed Chairman Ben Bernanke's appearance before the House Financial Services Committee yesterday lacked any unexpected revelations. One point in his prepared remarks did catch my attention, however.
Mortgage modification the key? - Not to beat a dead horse, but it is worth revisiting the Making Home Affordable initiative because the foreclosure problem just isn't going to go away. I want to point out two things: one that is missing and another that isn't working anywhere close to expectations.
What can the Fed do about mortgage rates? - Will the Fed continue to target long-term interest rates at this week's upcoming meeting?
Home equity:
Home Equity Lending That Fueled Spending to Recover (Update1) (Bloomberg) - March 11 (Bloomberg) -- John Hale?s four-bedroom house near Seattle is worth about $2 million and is 90 percent paid for. It still took him nine months to find a bank that would give him a $250,000 home equity line of credit.
BofA ?Comfortable? Bank Can Absorb Home-Equity Losses (Update1) (Bloomberg) - March 11 (Bloomberg) -- Bank of America Corp. Chief Executive Officer Brian Moynihan said the lender, the biggest in the U.S., can absorb losses on its $149 billion home-equity loan portfolio even after the four-year slump in housing prices .
Signs of Life for Home Equity Lending (BusinessWeek) - Rising home prices and an improving economy will spark a modest rebound this year. But this time, lenders and homeowners will be more cautious
Home-Equity Loans: What You Need To Know (Forbes) - Why do consumers decide to use this form of credit?
Home-Equity Loans: What You Need To Know (Investopedia) - A home-equity loan , also known as a second mortgage, lets homeowners borrow money by leveraging the equity in their homes.
Home Work: Think you can't afford a home improvement project right now? You might be surprised (The Journal Times) - RACINE - A complete home renovation or upgrading to a new houseprobably isn't in the budget for many people these days. However,making some budget-friendly improvements to your current home canmake it more energy efficient, raise your current equity and simplymake life more enjoyable for your family.
Equity skimmer admits to crimes (MalaysiaNews.net) - When Timothy Beliveau appeared in federal court Tuesday to plead guilty to money laundering and tax evasion charges, he didn't mention the people who allegedly lost their home equity in his "fore...
Home loan demand nudges higher in latest week (Reuters via Yahoo! News) - U.S. mortgage applications nudged higher last week, reflecting increased demand for home purchase loans even as interest rates trekked higher, data from an industry group showed on Wednesday.
Home equity rates:
Mortgages:
Commercial delinquency lower than other mortgages (AP via Yahoo! News) - Commercial mortgages were among the best-performing loans and leases held by banks and thrifts in the fourth quarter of last year, the Mortgage Bankers Association said Tuesday.
Mortgages: 30-year fixed-rate mortgage averages 4.95% (Market Watch) - 30-year fixed-rate mortgage averages 4.95%, Freddie Mac reports.
Rates on 30-year fixed mortgages fall to 4.95 percent, weeks before Fed exit (Minneapolis-St. Paul Star Tribune) - WASHINGTON - Mortgage rates held below the 5 percent threshold for the second straight week, a report said Thursday, weeks before a government program that has been keeping rates low is scheduled to expire.
Commercial delinquency lower than other mortgages (San Francisco Chronicle) - Commercial mortgages were among the best-performing loans and leases held by banks and thrifts in the fourth quarter of last year, the Mortgage Bankers Association said Tuesday. Overall, 7.3 percent of the debt held by banks and thrifts was past due 30 days... Mortgage Bankers Association - Mortgage - Loan - Business - United States
We Bought A Toxic Asset; You Can Watch It Die (NPR) - Remember those complicated bonds full of home mortgages? The ones that almost brought down the economy? A team of NPR reporters used $1,000 of their own money to buy a tiny piece of one ? and plan to track it until it dies.
Bank of Nova Scotia Profit Rises on Mortgages (Update3) (Bloomberg) - March 9 (Bloomberg) -- Bank of Nova Scotia , Canada?s third- largest lender, said profit climbed 17 percent as higher deposits and mortgages led to record earnings at its domestic consumer bank.
KHN column -- Public reverse mortgages and long-term care: Can they work together? (News-Medical-Net) - In his latest Kaiser Health News column, Howard Gleckman writes: "Here's the problem: By the time we need long-term care services we often don't have readily available resources to pay for them.
Mortgages: Foreclosures dip from January levels (Market Watch) - Foreclosure filings in the U.S. rose 6% from a year earlier and fell 2% from January 2010, RealtyTrac reported on Thursday.
Mortgage rates:
Taxes:
June 15 filing deadline for some - Don't panic. This month's IRS due date only affects folks who must pay estimated taxes. But if you are required to submit a 1040ES, don't miss your payment or it could cost you more later.
Find the tax professional who's right for you - You can protect yourself from tax scams by hiring a reputable tax preparer. Here are some tips to help you find a good tax professional.
Time's up! It's tax deadline day - No more excuses. You must send something to the IRS by the deadline or face the consequences.
Coming up with tax cash - If tax day is pay day and you can't pay the IRS, don't panic. Here are some options.
10-point tax checklist - Don't send your return until you complete this simple last-minute review.
Bayport residents to pay slightly less in property taxes (Stillwater Gazette) - A small jump in the tax levy, combined with a larger drop in property valuations, should result in a drop in taxes for most Bayport property owners.
Palmetto police chief delinquent on property taxes (Bradenton Herald) - PALMETTO ? The Palmetto police chief is delinquent on property taxes for nearly a dozen properties in Manatee County, according to tax records.
Deadline for 2009 Property Taxes Approaches (Clearwater Gazette) - CLEARWATER - Pinellas County Tax Collector Diane Nelson reminds residents that all 2009 tax payments for real estate and tangible personal property taxes must be received by March 31 to avoid interest charges.
BUDGET CUTS: The city of Norwalk is looking to avoid raising property taxes by cutting law enforcement and fire ... (WHO-TV 13 Des Moines) - Firefighters and police officers in Norwalk will get less training and less new equipment if the city council approves its new budget Thursday night. The city had to cut at least $155,000 in order to avoid raising taxes.
New York State Senators Battle Over Property Taxes (WGRZ-TV Buffalo) - ALBANY _ Despite the state's fiscal woes, Senate Republicans offered a plan Thursday to try to curb the state's high property-tax burden.
Property tax bill lacks support (Charleston Daily Mail) - CHARLESTON, W.Va.--A proposed constitutional amendment that would allow counties to exempt some commercial and industrial businesses from property taxes narrowly cleared the Senate Judiciary Committee on Thursday. The amendment, which is a key part of Gov....
No Late Fees on Property Taxes Due to Misprint (9&10 News Cadillac) - Some Wexford County residents won't have to pay late fees on their property taxes. They were charged late fees, when they thought they'd paid on time. But it was a misprint: several hundred tax bills had the wrong due date.
Cuyahoga County, Ohio Property Owners Now Have the Opportunity to Reclaim Unfairly Assessed Property Taxes With Help ... (PRWeb) - The annual deadline for filing a residential property tax appeal in Cuyahoga County, Ohio is March 31, 2010. (PRWeb Mar 11, 2010) Read the full story at http://www.prweb.com/releases/2010/03/prweb3714884.htm
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