Blogging on Home Equity Loans, Home Equity Line of Credit, and Home Mortgage

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Home Equity Lines of Credit - the Basics

Are you a home equity LOC novice? Start here

Option ARM ? The World’s Most Dangerous Mortgage

Very risky, yes… But not sure about “World’s Most Dangerous“…. I mean, this is a mortgage after all…

Lenders and banks don’t make money by telling you EVERYTHING

Another method to eliminate that PMI! Read on

Mortgage Rates Plummet


If mortgage rates keep up their current pattern of decline, the forced rate reduction allegedly under discussion at the Department of the Treasury may not be necessary. After showing a net loss of 23 basis points during November, the 30-year fixed-rate...(read more)... Read More Now...



Bernanke Recommends Buying Mortgages to Help Stave Off Foreclosures


Federal Reserve Chairman Ben Bernanke said market failure is inhibiting loan modifications and that the Fed may start buying securities to help drive down the mortgage rate. Speaking about the housing market at a conference organized by the Federal Reserve...(read more)... Read More Now...



FDIC's Bair Defends Community Reinvestment, Supports Loan Modification


FDIC chairman Sheila Bair said the government has been behind the curve when it comes to preventing foreclosures, and she called for regulators to use their authority in creating flexible rules for making free loan modifications a top priority. She also...(read more)... Read More Now...



Treasury's New Plan - 4.5% Mortgage Rates


Homeowners may soon enjoy mortgage rates as low as 4.5 percent if the Treasury Department has its way. According to The Wall Street Journal 's on-line addition late Wednesday, the department is discussing a plan that would use Freddie Mac and Fannie...(read more)... Read More Now...



Increased Fed Lending Could Destabilize Financial System


Richmond Federal Reserve Bank President Jeffrey Lacker said a dramatic increase in Fed lending could destabilize the U.S. financial system. Delivering remarks to a panel discussion on the economic outlook, Lacker said central bank lending can distort...(read more)... Read More Now...



Condo Prices Falling Across Manhattan, Radar Logic Report Shows


Neighborhoods across Manhattan saw condo prices slide in September compared to a year ago, with the steepest drop seen in the financial district, where prices fell 16.1%, according to a report from Radar Logic. The RPX monthly Manhattan Neighborhoods...(read more)... Read More Now...



Community Lending Not Responsible for Mortgage Crisis


Federal Reserve Governor Randall Kroszner said there is no evidence that programs boosting community lending spurred the mortgage crisis . Delivering remarks on the topic of the Community Reinvestment Act (CRA) and the mortgage crisis, Kroszner said mortgages...(read more)... Read More Now...



MBA Mortgage Applications Spike Sharply Higher


Weekly mortgage applications in the United States increased sharply in the week ending Nov. 28, according to data released from the Mortgage Bankers Association (MBA) on Wednesday, which reported a 112.1% week-over-week rise in applications. In the previous...(read more)... Read More Now...



HOPE NOW Reports Record Workouts in October


HOPE NOW , the private sector alliance of mortgage servicers, counselors, and investors announced last week that they had set a record in October for the number of foreclosures averted. The alliance said that its mortgage industry members had prevented...(read more)... Read More Now...



Paulson Says More TARP Programs on the Way


Treasury Secretary Henry Paulson said on Monday the Treasury is developing new programs under the Troubled Asset Relief Program (TARP) and that he's confident the Treasury is pursuing the right strategy. "We are actively engaged in developing...(read more)... Read More Now...



Gulf trip: Day Four


Abu Dhabi / Kuwait It was a bright and beautiful morning. The Intercontinental Hotel in Abu Dhabi has a great water vista, with a modest marina and a quiet pool for those with more time on their hands than Sunil and I did. Off in the distance, huge billboards rise out of a man-made [...]... Read More Now...



RIM’s $1.50 Certicom bid just the beginning


It isn't like I have any particular insight into what's going on with the Research In Motion (RIM:TSX, RIMM:Q) hostile bid for Certicom (CIC:TSX). But I can do math (the poison dwarf mightn't agree with that view btw). A $66 million bid for a $26 million run rate revenue software security IP-heavy company [...]... Read More Now...



Who had the ninny idea that the BQ should run Canada?


In their zest to grab the levers of power, the New Democrats have finally given the Bloc Quebecois a reason for being. For the next ten years, BQ candidates will be able to address each and every Quebec town hall meeting with a simple vignette: Remember when we decided who would be in power in [...]... Read More Now...



Gulf Trip: Day Three


Dubai/Abu Dhabi It seems so easy. Leave Canada on Friday evening. Land in Dubai early Saturday evening. Toddle off to bed at the normal time on Saturday night, and awake on Sunday morning as though nothing really happened. Our first business day involved three meetings and a two hour drive from Dubai to Abu [...]... Read More Now...



Gulf Trip: Day One/Two


Toronto-Dubai The first thing you need to learn about doing business in the Gulf Region is that the weekend in the United Arab Emirates begins on Thursday evening, and folks return to work on Sunday morning. Which means the new direct 12 hour flight to Dubai departs at 9:40 p.m. on Friday night, getting you [...]... Read More Now...