Owner: easyclickhomes.com - lets talk real estate URL:http://easyclickhomes.com/blog Join Date: Mon, 26 Nov 2007 14:11:37 -0600 Rating:0 Site Description: We talk about the real estate market, mortgages, buying and selling homes,tips and things to consider.
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Housing Slump Affects Education 2008-02-26 10:34:08 Student loan rates may rise soon. The reason: the sub prime mortgage crisis. Some states, including Utah, securitize student loan funding in an effort to raise the capital necessary to provide loans for all the students desiring them without having to raise taxes. UHEAA, provider of loans to students in Utah, has long held a [...] Read more:Education
, Slump
, Housing
Subprime Reset Schedule 2008-02-05 17:59:30 I did a little searching and found a chart showing when many sub prime ARM loans will reset. The chart shows that in about 6 months we should see a reprieve in the number of loans going into foreclosure and we will all start trying to put this crisis behind us. [...] Read more:Schedule
, Reset
, Subprime
Sell your home and stay put. 2008-01-27 00:35:31 I had an interesting conversation today with a friend of mine we’ll call Ed. His family is in the same situation of a lot of other people: his ARM interest rate has reset to over 10%, making it difficult to make mortgage payments on time or at all. He had been more than [...]
New Construction has hit a 17 year low 2008-01-17 12:59:12 According to FoxNews.com, there have been reports that we are entering the worst new housing market in nearly 20 years. If you want a more staggering number, new house starts are down over 38% from the previous year. This amount to a great amount of homes not being built. One of the statistics that strikes [...] Read more:Construction
Fixing before Selling: a good idea? 2008-01-12 23:48:34 I ran across an article on MSN giving some suggestions on how to upgrade your home. The article seems to be decent, with a different way of looking at things than your normal fix it first articles. The article is actually from bankrate.com, but since I don’t want to take the time to find the [...]
Foreclosure in its Nastiest Form; Outlaws Beware 2008-01-03 08:59:31 Yes, deceptive practices do work to catch people’s attention, but in this case there is no reason to deceive. Going through my daily routine of house hunting for bargains on the market, I came across a home that I had walked through last July of 2007. The house was then priced at $188,900. The house [...] Read more:Beware
, Foreclosure
New Rules for Mortgage Lenders (and us) 2008-01-03 00:41:09 For those of you already up to your necks in trouble, this post is not for you. The federal reserve has put together a piece of regulation to prohibit lenders from offering loans that consumers will have troubles paying off. This regulation is in the commenting phase, after which we’ll assume a few [...] Read more:New Rules
, Lenders
, Mortgage
, Rules
ARM Rates: Stay on top of things 2008-01-03 00:25:50 If you are the unlucky holder of an Adjustable Rate Mortgage, stay on top of things
. In an article last week by the Seattle Post-Intelligencer, they suggest taking out your loan paperwork and checking out the terms of your loan if you are unsure as to the date and amount of the reset.
Knowing when your [...] Read more:Rates
Increase in Construction Spending leads to Consumer Headaches. 2008-01-02 15:52:34 Snow is typically not a reason for a lack of recent posts. So we’ll claim its the holidays. Hope everyone had a Merry Christmas and a very promising new year.
Back to the post. The new construction housing market actually spent more this month than the month previous, ok so it was just .1% more, but [...] Read more:Consumer
, Spending
, Construction
Forclosure Tax Relief Bill Signed 2007-12-22 16:48:26 President Bush signed a bill into law yesterday (Dec. 21) to give a little bit of wiggle room for folks facing a foreclosure. The bill allows the debt forgiven by lenders to be counted as a loss to the lenders and is no longer considered taxable income to the borrower. The bill is in effort to [...] Read more:Signed
Refinancing Mortgage Fees Changing 2007-12-20 00:08:12 In a piece of not so nice news, Fannie Mae has begun to raise its fees. Freddie Mac may follow close behind. A 0.25% fee has been added to all new mortgages bought or guaranteed, due up front. This means an extra $1000 fee on a $400,000 home. Tough luck for those already feeling the [...] Read more:Changing
, Refinancing
, Mortgage
ARM rate resetting? Why Fed rates may not cut it. 2007-12-14 17:44:40 So many Adjustable rate loans are on the verge of resetting. The onslaught of foreclosures can send the economy in a downward spiral yet again, but the real story concerns you and me personally. While we care about the economy as a whole, we care even more about keeping our homes and providing [...]
Freezer burn: Do You Qualify for the Rate Freeze? 2007-12-06 17:01:01 Source: Hope Now Alliance
The ARM freeze plan presented by the Bush administration today should help some borrowers with their loans. Borrowers can call 1-800-HOPE-NOW (toll free) to receive counseling with mortgage problems. Once you, the borrower make contact the Hope Now Alliance will use a flowchart like the one above to determine if you [...] Read more:Freeze
, Freezer
ARM Rates on the Verge of Freezing 2007-12-06 08:46:38 This should help millions of Americans keep their homes, while we should see a decent amount of foreclosed homes until all the kinks of the system are worked out. Foreclosed homes are expected to increase next year, but should eventually taper off if this bill serves its actual purpose. Read more:Freezing
, Verge
, Rates
Get Your Home Online! 2007-12-04 14:42:42 It looks like more people are spending more time online. From October 2006 to October 2007, the amount of time an average user spends online has increased by 24.3%.
I would think that this means it is becoming a better idea to advertise your house online.
Chart provided by Complete.com
Freezing ARM rates? 2007-12-04 14:26:42 Henry Paulson, the Treasury Secretary of this great country, has announced that he hopes mortgage companies will soon freeze their rates. He has also urged congress to push through legislation that would regulate the mortgage industry.
He fell short of announcing a 90 day moratorium on foreclosures, which both the Bush administration and Hillary Clinton [...] Read more:Freezing
PBS Housing Crisis Video 2007-11-30 16:35:22 Click here to watch an interesting video on the housing crisis put together by PBS. Seems to cover both sides of the issue fairly well. The video is 20 or so minutes. Add a comment with your thoughts on the video. Read more:Crisis
, Housing
Subprime Crisis Update 2007-11-30 16:28:47 Sometimes it is difficult, when so many sources of information are conflicting, figuring out who to believe. The chief economist of the NAR (National Association of Realtors) seems to think things have already bottomed out and are starting to rebound, but he represents Realtors, many of whom are hurting right now from falling [...] Read more:Update
, Crisis
, Subprime
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