For once, I’d love to read a story about mortgage loans that actually makes you feel sorry for the people it talks about. This is not one of those stories: WHEN Gregory and Paula Sherman wanted to refinance the mortgage on their ranch-style home in Chattaroy,...
I’ve been reluctant to post this entry, mostly because I don’t know if I can write it and have it make any sense. It involves an analysis of the subprime mortgage loan crisis written by Bill Gross, Managing Director of PIMCO Bonds, a mega-bond fund...
In the midst of all the media coverage of the subprime lending debacle, comes this interesting piece of information: [O]n an unadjusted basis compared with the same week one year ago, [mortgage loan] applications were up 16.6 percent. The refinance share of mortgage...
Another interesting piece of information out of Bankrate.com’s mortgage loan survey. Most renters are not staying out of the housing market for fear that prices will go down; instead 40 percent said the main obstacle holding them back from a purchase was that...
A stunning 34 percent of homeowners don’t know what type of mortgage they have, according to a new survey done by Bankrate.com. Details forthcoming, this afternoon. Not much going on in the real estate world, which accounts for the lack of posts. Sorry. Back to...
With subprime mortgages making headlines over the past few weeks, buyers can be ambivalent about their lending options. New online guides and free brochures help to clear up any confusion and help consumers find a loan that suits them. “Given the current real...