Reverse mortgages are increasingly becoming popular means of obtaining finances especially for senior citizens. However, before you apply for this type of financing, you need to clearly understand how the mortgage works if want to benefit from it. This type of mortgage is specifically designed for seniors who have…
One will find a variety of rates offered by lenders of Reverse Mortgages. One of the primary points regarding the rates of interest on the Reverse Mortgage is the effect it has on the method of payout. The option between the two will be dependent on one’s tolerance for…
Getting a reverse mortgage can be a great idea for a number of reasons. They can give you peace of mind knowing that you have money available to you for unexpected costs, home repair, and so much more. Making sure that you don’t get yourself into trouble or get…
It’s likely that one of your neighbors isn’t paying the bank. According to First American CoreLogic’s latest late-mortgage report, 8.4% of Orange County home-loan borrowers as of March are 90 days-plus late with their house payments. That’s roughly 1-in-12 local loans and a bill-skipping pace up 2.91 percentage points…
“[A]s we have noted for many months now, housing in America remains fragile with historically high delinquency and foreclosure levels, and high unemployment among the key risks.” Freddie Mac Chief Executive Officer Charles E. Haldeman, Jr. Press Release : Freddie Mac Reports First Quarter 2010 Financial Results First quarter…
Today, Seth Godin (one of my favorite bloggers who usually talks about marketing) posted a great piece about consumer debt . Two great excerpts: Here’s a simple MBA lesson: borrow money to buy things that go up in value. Borrow money if it improves your productivity and makes you…
From Nikolaj Gammeltoft and Peter Eichenbaum at Bloomberg: Whitney Says Banks Face ‘Tough’ Quarter, Housing Dip (ht jb) Banks continue to suffer from losses on non-performing loans, and U.S. home prices will fall again amid increasing supply and sluggish demand, according to [banking analyst Meredith Whitney]. “I’m steadfast in my…
A couple of resources … From NOAA: Deepwater Horizon Incident, Gulf of Mexico From the Office of the Governor, Louisiana: Gulf Oil Spill 2010 Trajectory Click on map for larger image in new window. Update: from Google: Gulf of Mexico Oil Spill (ht Jan)
Read more here – Web…
While in the last few weeks it has become conventional wisdom to worry about the troubles of Greece and other PIIGS and to express concern about the future of the EMU, much of the recent market commentary sounds like Monday morning quarterbacking and worrying about a problem after it…
April ISM Non-Manufacturing index 55.4%, unchanged from March. This shows further growth in the service sector, although employment contracted for the 28th consecutive month . From the Institute for Supply Management: April 2010 Non-Manufacturing ISM Report On Business® Economic activity in the non-manufacturing sector grew in April for the fourth…