The third-quarter earnings reports of big companies are the focus for investors this week as a surge or even a minimal rise in profits and earnings are, to many, a more important indicator of the health of the economy. The earnings reports are due out soon so many investors are looking with hope to...
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Refinancing your home loan can result in a lower interest on your mortgage payments but it isn’t always a good idea. For instance, if you have had a home loan for an extended period of time you will not be able to refinance your home loan without essentially restarting the process of battling interest...
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Mortgage rates are still causing some homeowners to have to default on their mortgage payments. The reality of how bad the economy truly is can be seen in the number of people who are losing their homes simply because their income drastically changed and their mortgage payment became too much to handle. Defaulting on...
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An extension on the first time homebuyer tax credit looks like it may be possible as reposts of the program’s success reaches the ears of congress. The program has been a success so far and with the mortgage rates at an all time low there have been a great number of people buying houses...
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A loan modification program was introduced to help lower the monthly mortgage payments that were causing many homeowners to fall behind and thus causing a range of foreclosures across the country. The program recommended by the Obama administration was an apparent solution to all the trouble but there has been less prosperity with loan...
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Mortgage interest rates are staying low so people around the country are taking advantage as evidenced by the rise in mortgage applications. The interest rate on a mortgage is at a record low, being under 5%, and with the governmental tax credit program still in effect more people than ever are jumping into the...
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The homebuyers tax credit has a deadline of November 30th but with the programs success there are those who want Congress to extend the deadline by six months. The tax credit will provide new homebuyers with up to $8,000 toward the purchase of a new home and thus far many have taken advantage of...
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The FDIC is proposing a forbearance program to assist homeowners who are struggling to make their mortgage payments. The idea is similar to any loan forbearance program with a few exceptions. If a homeowner has defaulted on a mortgage due to unemployment the FDIC wants lenders to allow forbearance on a mortgage that would...
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Layoff jobs are reopening as companies begin to rehire some workers and make plans to bring more employees back in early 2010. It was reported that about a quarter of employers who were laying off employees are beginning to bring them back and will continue to reopen jobs throughout the last quarter of the...
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In August reports say mortgage delinquency rates were at an all-time high for homeowners and many believe unemployment is to blame. Over 7.5% of home owners were close to or over a month late on their mortgage payments and with growing unemployment mortgage delinquency rates don’t look to be lowering anytime soon. In fact,...
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