The Federal Reserve said that interest rates will be kept low for a while since housing and the job market are recovering slower than expected. Low interest rates can benefit those who are looking to buy a home or looking to refinance, so in light of this news many homeowners or potential buyers may...
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CitiGroup is said to be in talks to sell their mortgage unit, Citi Property Investors, which owns property in the U.S., Asia, and Europe. This sale could be a result from the losses reported for 2009 and as part of CitiGroup’s work to rebuild after the recession did a lot of damage to the...
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Bank of America posted losses for the fourth quarter of 2009 but the financial giant is optimistic about the upcoming year and the results they expect to have from their company. Essentially, sticking with the basics and simply running good programs within the bank are said to be the goal over the next few...
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Many people still are unaware of the tax credit offered to first-time homebuyers and repeat homebuyers and the fact that it expires in 2010. April 30th is the last day to be under contract and still qualify for either the first-time homebuyer tax credit or the repeat homebuyer tax credit and you have to...
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Fannie Mae said they would cover the closing costs on homes, to those who qualify, and hopes that by doing so they will be able to not only sell more homes but to allow homeowners the opportunity to purchase a home. Many people are either taking advantage of the first-time homebuyer tax credit since...
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Interest rates usually bring the trouble in any loan situation and that is no different in terms of a mortgage. If you have a mortgage with a high interest rate you should know that interest rates are at incredible lows at the present time and can be taken advantage of by refinancing. Your monthly...
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Wells Fargo is one of the biggest lenders to small businesses and in the home loan modification program. Unemployment seems to have created a domino effect and has left many financially strained, with small businesses hurting as well as homeowners in need of mortgage assistance. Many believe the solution to unemployment, and all the...
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Many out-of-work Americans are facing what seems like a long fight against unemployment and with a finite amount of unemployment benefits to be had, many are wondering what will happen if something isn’t done about jobs or if unemployment benefits aren’t extended. Jobs have been, what many consider to be, an afterthought over the...
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People are looking into refinancing for a 15-year fixed rate mortgage, which brings a lower interest rate than a 30-year fixed rate mortgage, in the hopes of getting out of their mortgage debt in a timelier manner. There are both advantages and disadvantages to a 15-year fixed rate mortgage, but can it help rid...
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Many of the new banking regulations set to take place, or those already in place, have caused a dip in the stocks of larger financial institutions that, while not lasting a significant amount of time, have some economic analysts asking if smaller regional banks will fair just as well or better in 2010. Some...
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