The deregulation and free markets myth

Walter E. Williams destroys the liberal's claim that deregulation and free markets caused the financial meltdown: News media people, ... Times article, "Fannie Mae Eases Credit To Aid Mortgage Lending" (Sept. 30, 1999), reported, "Fannie ... from the Clinton administration to expand mortgage loans among low and moderate income people. … [more...]

Date: 2009-01-15 13:28:18

Blog posts (19) | Videos (45)
 

WHEN IS A 5.000 PERCENT MORTGAGE RATE REALLY 3.600 PERCENT?

Related posts:Get Extra Tax Deductions In 2008 — Pay Your Mortgage A Few Days Early For most Americans, mortgage interest paid on a home loan...Shopping for a low rate mortgage for your Danville real [more...]

Date: 2009-01-16 04:23:28

Is Now The Opportunity For You To Review Your Mortgage In Return For A Fixed Rate Mortgage?

As we are seeing base lending rates plummeting to an all time low, ... mortgage loan rates, what exactly are all of these different types of mortgages available [more...]

Date: 2009-01-15 22:01:05

Ask the Readers: When Does It Make Sense to Refinance a Mortgage?

So much for vacation. I just can’t keep myself away from you guys! ... are at a 37-year low. A 30-year fixed-rate mortgage averages about 5.28% right now. I don’t usually pay much ... loan), but our current mortgage is in a kind of phantom zone: We have a $207,000 balance at 6.25 [more...]

Date: 2008-12-19 13:00:18

OBAMA’S ‘ORGANIZER’ BUDS PUSHED FOR BAD MORTGAGES

O’S DANGEROUS PALS By STANLEY KURTZ, NY POST Chutzpah: ACORN’s drive to lower mortgage standards paved the way for the meltdown - yet last week, ... banks into making high-risk loans to customers with poor credit. In the name of fairness ... in mortgages to low-credit customers. In other words, community organizers help to undermine [more...]

Date: 2008-10-13 03:22:59

Reasons to Refinance Your Mortgage

Image courtesy of Notionscapital.comThe rates on a 30 year home loan have recently fallen to record lows; and will possibly fall even further ... account or help you pay off your credit card debt a lot faster.Low Cost. If you are one of those ... the process to refinance their loan.Even though the current rate may be lower than what you are paying [more...]

Date: 2008-12-29 11:15:00

Pay Option ARMs - The Implosion Is Still Coming Despite Low Rates

Mr Mortgage is a 20-year mortgage banking veteran, specializing in wholesale and correspondent sales and sales/operations management and bringing ... . The broad failure of this loan type will have severe consequences on already depressed CA real [more...]

Date: 2008-12-24 14:00:38

Las Vegas Real Estate Rebounding

We believe the market is rebounding here in Las Vegas ... months. The flip side to this is these reduced home prices, coupled with extremely low mortgage rates ... Shifts Signal Changes If you look closely at the types of loans that are being made here in Las Vegas [more...]

Date: 2009-01-16 02:27:41

Are greedy wolves making government-insured mortgages?

Now that subprime is a dirty word and Wall Street firms are no longer making securities backed by loans to people with low credit scores, brokers and bankers are filling the void with a little help from Uncle Sam. They are making loans ... FHA, which is meant to expand credit to folks of modest means? John Courson, president of industry [more...]

Date: 2009-01-15 11:00:45

Mortgage Rates Hit Record Lows, But Does it Matter?

The average U.S. rate on a 30-year fixed mortgage fell to 4.96 percent this week ... Reserve is buying large amounts of mortgage-backed securities in the hopes that lenders will reduce ... to refinance their existing loans. We just saw a stat saying as many as half can’t meet the credit [more...]

Date: 2009-01-15 19:12:32

All Time Low Mortgage Rates For A++ Borrowers Only

As discussed on December 31, 2008 many homeowners attempting to lower their mortgage rate apply for a refinance, ... income (debt ratio of 32% or less) and substantial equity in the home (loan to value of 75% or less ... and won’t get approved. Only about a third of U.S. mortgage debt outstanding is likely to qualify [more...]

Date: 2009-01-15 08:09:46

ACORN, Obama, and the BANKING MELTDOWN

The origins of the Banking Mess can be found in the Community Reinvestment Act ... intimidate banks into making high-risk loans to customers with poor credit. In the name ... of millions of dollars in mortgages to low-credit customers. In other words, community organizers help [more...]

Date: 2008-09-29 11:01:37

Good Time To Ask About Refinancing Your Mortgage: I Might Save $50,000!

With the rate drop yesterday, mortgage rates are at amazing lows. People in the office are bragging about locking in 4 ... that you’ll be holding the loan longer than that. Here are two breakeven calculators: one and two ... . (Especially if you have a good credit score and a loan-to-value ratio below 90%.) My favorite source [more...]

Date: 2008-12-18 11:53:02

First-time buyers squeezed as mortgage approvals hit new low

The average deposit put down by first-time buyers in November climbed to its highest level since records began, figures showed today, ... of the credit crunch. The 100% loans that were available to borrowers at the beginning of last year ... % to put down and targeting their best deals at those with more than 40% equity. The difficulty [more...]

Date: 2009-01-15 10:20:15

How an excessively low valuation can leave you feeling really down

Long-time homeowners coming to the end of mortgage deals are being forced to take more expensive loans than they had planned for because of ... is that remortgaging homeowners who mistakenly bank on high levels of equity are instead having to take ... to those with at least 25% equity in their home. Sellers counting on an inflated selling price to help [more...]

Date: 2008-12-21 00:04:09

Interest Rates Drop Again…

Everyone keeps saying that it’s the perfect time to buy, home values are dropping, rates are low, the time is now. I have people that call every week for mortgage rates, they keep hoping the rates will continue to drop. Remember, banks make money off loans, there is a point where banks cannot lower rates any [more...]

Date: 2009-01-16 01:53:45

Recent Bankruptcy? It’s Not Impossible to Obtain a Home Loan

Because the new bankruptcy laws go into effect on October 17, 2005, more Americans than ever are filing for relief using the federal bankruptcy laws ... discharge. Ironically, some those that would not previously qualify for a mortgage do qualify after ... payments. The DTI* (debt-to-income) ratio of this person is 81.25%. Since his credit score is low [more...]

Date: 2009-01-15 00:11:26

Taking Advantage of Low Rates

Continued unrest in the Middle East, unemployment rates at the highest level in recent memory, ... score and a favorable loan-to-value ratio on my house, which will allow me to get the lowest rates ... that don't take advantage are squandering a golden opportunity. My monthly mortgage payment is going [more...]

Date: 2009-01-12 20:56:00

Debt Consolidation Loan For A Home Owner - 3 Things To Consider

If you want to consolidate your debt–and you own your own home–you’re in luck! ... is typically higher than your first mortgage, it’s usually still lower than the average credit card ... If you’re willing to use your house as collateral, you have a lot of low-cost options for debt [more...]

Date: 2008-12-26 05:47:45

19 Results