Category Archives: Mortgages

Goodbye 30 year?

Posted on March 4, 2011 by grim

From the NY Times (Hat tip Shore): Without Loan Giants, 30-Year Mortgage May Fade Away How might home buying change if the federal government shuts down the housing finance giants Fannie Mae and Freddie Mac? The 30-year fixed-rate mortgage loan, … Continue reading →

Posted in Employment, Mortgages, National Real Estate, Politics | 188 Comments

Will rising rates destroy any chance of recovery?

Posted on February 16, 2011 by grim

From CNN/Money: Don’t sweat rising mortgage rates Will rising interest rates slam the door on a fragile housing recovery? No — though that only underscores just how grim the housing picture is. The rate on the 30-year conforming mortgage has … Continue reading →

Posted in Economics, Mortgages, National Real Estate | 169 Comments

Never saw this one coming

Posted on January 24, 2011 by grim

Not from our area, but I couldn’t help but stop to read this article this morning. From the St. Petersburg Times: Even Habitat for Humanity sometimes has to foreclose Thousands of lenders are filing foreclosure lawsuits all over the country, … Continue reading →

Posted in Economics, Foreclosures, Mortgages, National Real Estate | 100 Comments

This won’t end well

Posted on January 22, 2011 by grim

From the NY Times: Banks Want Pieces of Fannie-Freddie Pie As the Obama administration prepares a report on the future of Fannie Mae and Freddie Mac, some of the nation’s largest banks are offering a few suggestions. Wells Fargo and … Continue reading →

Posted in Mortgages, National Real Estate, Politics | 80 Comments

Settlement in the works for NJ robosigners

Posted on January 19, 2011 by grim

From the NY Post: NJ judge OKs talks for ‘robo-sign’ banks The nation’s six largest mortgage lenders — chastised by a New Jersey judge last month for shoddy foreclosure practices and threatened with the freezing of thousands of foreclosure actions … Continue reading →

Posted in Mortgages, New Jersey Real Estate, Politics | 153 Comments

Just when you thought it was over…

Posted on December 21, 2010 by grim

From the Star Ledger: N.J. Supreme Court intervenes in mortgage foreclosures by six lenders New Jersey’s highest court has stepped in to monitor the filing of real estate foreclosures in the state. Supreme Court Chief Justice Stuart Rabner today announced … Continue reading →

Posted in Foreclosures, Housing Bubble, Mortgages, National Real Estate | 129 Comments

Time to go?

Posted on December 19, 2010 by grim

From the Baltimore Sun: Mortgage deduction: A sacred cow whose time is up? Fifteen years ago, Carol Nietmann and her husband bought a spacious house in Calvert County near the Chesapeake Bay. And thanks to the time-honored tax deduction for … Continue reading →

Posted in Economics, Mortgages, National Real Estate | 141 Comments