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Cheaper Reverse Mortgages May Be Coming (U.S. News & World Report)

On 08.27.10, In Personal Finance, By Your Mortgage Planner - Million DollarBill

U.S. News & World Report – The Federal Housing Administration (FHA) is developing a new reverse mortgage product that sharply cuts up-front payments by home owners but also significantly reduces the percentage of a home’s equity that can be paid to owners under the program. Reverse mortgages insured by the government are available on homes where the youngest owner is at least 62 years old. The program is called a Home Equity Conversion Mortgage (HECM).

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Tagged with: amp • equity • equity conversion mortgage • Federal • federal housing administration • fha • home • home equity conversion • home equity conversion mortgage • housing • mortgage • mortgage product • News • Program • report • reverse mortgage • reverse mortgages • u s news • World

Mortgage rates remain at lowest level in decades (AP)

On 07.15.10, In Personal Finance, By Your Mortgage Planner - Million DollarBill

AP – Mortgage rates were unchanged this week at the lowest point in decades, but it hasn’t been enough to jump-start the housing market.

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Tagged with: decades • housing • housing market • market • mortgage • mortgage rates • point • week

Mortgage application volume falls off last week (AP)

On 06.23.10, In Personal Finance, By Your Mortgage Planner - Million DollarBill

AP – Mortgage applications volume dropped off by 5.9 percent last week even as mortgage rates decreased, a sign the housing market is struggling with government incentives, according to a report Wednesday from the Mortgage Bankers Association.

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Tagged with: government • government incentives • housing • housing market • market • mortgage • mortgage applications • mortgage bankers association • mortgage rates • percent • report • sign • volume • Wednesday • week

Mortgage application volume falls off last week (AP)

On 06.23.10, In Personal Finance, By Your Mortgage Planner - Million DollarBill

AP – Mortgage applications volume dropped off by 5.9 percent last week even as mortgage rates decreased, a sign the housing market is struggling with government incentives, according to a report Wednesday from the Mortgage Bankers Association.

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Tagged with: government • government incentives • housing • housing market • market • mortgage • mortgage applications • mortgage bankers association • mortgage rates • percent • report • sign • volume • Wednesday • week

Mortgage application volume falls off last week (AP)

On 06.23.10, In Personal Finance, By Your Mortgage Planner - Million DollarBill

AP – Mortgage applications volume dropped off by 5.9 percent last week even as mortgage rates decreased, a sign the housing market is struggling with government incentives, according to a report Wednesday from the Mortgage Bankers Association.

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Tagged with: government • government incentives • housing • housing market • market • mortgage • mortgage applications • mortgage bankers association • mortgage rates • percent • report • sign • volume • Wednesday • week

Mortgage application volume falls off last week (AP)

On 06.23.10, In Personal Finance, By Your Mortgage Planner - Million DollarBill

AP – Mortgage applications volume dropped off by 5.9 percent last week even as mortgage rates decreased, a sign the housing market is struggling with government incentives, according to a report Wednesday from the Mortgage Bankers Association.

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Tagged with: government • government incentives • housing • housing market • market • mortgage • mortgage applications • mortgage bankers association • mortgage rates • percent • report • sign • volume • Wednesday • week

Mortgage application volume falls off last week (AP)

On 06.23.10, In Personal Finance, By Your Mortgage Planner - Million DollarBill

AP – Mortgage applications volume dropped off by 5.9 percent last week even as mortgage rates decreased, a sign the housing market is struggling with government incentives, according to a report Wednesday from the Mortgage Bankers Association.

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Tagged with: government • government incentives • housing • housing market • market • mortgage • mortgage applications • mortgage bankers association • mortgage rates • percent • report • sign • volume • Wednesday • week

Feds announce arrests in mortgage fraud crackdown (AP)

On 06.17.10, In Personal Finance, By Your Mortgage Planner - Million DollarBill

AP – Some 500 people have been arrested in a nationwide crackdown on mortgage fraud, and federal officials pointed to Las Vegas as one of the centers of the scams that pumped up home prices until the housing market bubble finally burst.

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Tagged with: bubble • burst • crackdown • federal officials • fraud • home • housing • housing market • Las Vegas • market • market bubble • mortgage • mortgage fraud • scams

Wall Street ends flat on mixed economic data (Reuters)

On 06.16.10, In Personal Finance, By Your Mortgage Planner - Million DollarBill

Reuters – Stocks finished flat on Wednesday as cautious comments from FedEx and weak housing market data overshadowed a surge in industrial production.

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Tagged with: cautious comments • FedEx • housing • housing market • market • production • reuters • stocks • surge • Wednesday

Home building plunges, industrial output surges (Reuters)

On 06.16.10, In Personal Finance, By Your Mortgage Planner - Million DollarBill

Reuters – Housing starts hit a five-month low in May as a homebuyer tax credit expired while wholesale prices remained subdued, giving the Federal Reserve ample room to maintain its ultra-low interest rate policy.

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Tagged with: ample room • credit • Federal • federal reserve • homebuyer • homebuyer tax credit • housing • interest rate policy • low • May • Reserve • reuters • room • tax • wholesale • wholesale prices

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