Wraparoundmortgageslegal, but carry high riskSan Francisco Chronicle, USAQ: I have a full-price offer on my duplex that involves a wraparoundmortgage. I am a little leery of a small down payment with high interest payments for a few years and a balloon payment at the buyer's refinance later. I'm told they are quite legal,…New rules worry [...]
Homeowners Put Off by Surge inMortgageRatesABC NewsThe sudden spike inmortgagerates this week could derail the fragile improvements that were under way in the housing market, as homeowners and first-time buyers returned to the market to take advantage ofmortgagerates that had dropped as low as four… Homeowners Put Off by Surge in Mortgage Rates – ABC [...]
Nurido Fannie GrossMortgagePortfolio Shrank 19.2% In AprilWall Street JournalNEW YORK (Dow Jones)–Fannie Mae (FNM) saw its volume of refinancedmortgagesdrop in April to $45.5 billion from a high of $77 billion in March, its largest since 2003, according to a monthly report released Friday. Themortgagegiant's investment…Did CRA CauseMortgageMarket Crisis? Nope, Says Fed ReportWall Street Journal BlogsBank [...]
Telegraph.co.uk David Cameron onmortgagedealBBC News, UKConservative leader David Cameron was questioned on the bbc's Politics Show about his financial dealings after newspaper allegations about hismortgage. He said he believed his claims had been “reasonable” but would face his party's scrutiny panel like…David Cameron's expenses queried as he backs 'recall' for errant MPsguardian.co.ukCameron: Probemortgageclaim MPsThe Press AssociationCameron'smortgageSpectator.co.ukThe [...]
NH gov looks at taxes onmortgagerefinancing, NHProduct Design & Development, NJBy AP CONCORD, NH (AP) — Homeowners who refinance theirmortgageswould face new taxes under a plan being considered by New Hampshire Gov. John Lynch. The New Hampshire Sunday News reports that Lynch is looking at taxing refinancing deals the same way… NH gov looks at taxes [...]