State mortgage woes on the rise
But economist Brian Gottlob said Wednesday the rate is below that in the early 1990s, ... a home’s value determines how big a mortgage the owner or prospective owner can get. ... Gottlob said many people seeking to refinance adjustable mortgages do so with subprime lenders, and ...
How Credit Got So EasyAnd Why It's Tightening
once seen as isolated to a few subprime-mortgage lenders are beginning to propagate across markets ... investment were still anemic, and the inflation rate was slipping toward 1%. The Fed began ... could offer borrowers with sketchy credit histories adjustable-rate mortgages with introductory rates that seemed affordable. ...
Democrats Raise HeatOn Mortgage Overhaul
As a wave of mortgage foreclosures buffets financial markets and feeds voter ... on secondary markets by guaranteeing a fixed rate of return to an investor. The tradeoff, ... subprime lenders to prevent holders of subprime adjustable mortgages from refinancing their loans at a ...
Blame Greenspan?
deals uneconomic, the collapse of the subprime mortgage market and with it several hedge funds, ... sub-prime borrowers were encouraged to take out adjustable rate mortgages (ARMs), many of which are now ...
Report Says Number Of Foreclosures Growing
of saying we should have known better," mortgage consultant Joseph Moriarity said. One of the ... selling their homes. A large number of adjustable-rate sub-prime mortgages are undergoing rate changes or ...
> The Housing Crisis: Good and Bad News
market investors have been by the subprime mortgage mess, the overall economy is holding up ... this summer--to about 6.6 percent for a fixed-rate loan, versus about 6.2 percent a month ... more foreclosures expected as a flood of adjustable-rate mortgages reset higher over the coming year, ...
Campaign 2008 > Clinton calls for loan transparency
lost her home of eight years in a foreclosure auction, after payments on her adjustable rate mortgage more than doubled. The speech took a personal turn when Clinton described the first ...
County weathers housing, lending slump
In addition, some $250 billion worth of adjustable rate mortgages nationwide are due to be reset ... report. Gone is the no-money-down, low-interest-rate, adjustable mortgage that fueled the national housing boom, national ...
Weichert Financial Services Makes Purchasing a Home More Affordable
(No Ratings Yet) RISMEDIA, August 9, 2007-Two mortgage products available through Weichert Financial Services are ... Fannie Mae products literally run the gamut. Fixed-rate mortgages with terms that affordably stretch out ... as 40 years are offered, as are adjustable rate mortgages or ARMs. Importantly, because mortgages ...
Rating Agency Revisions Continue
agencies continue to recoil from the subprime mortgage mess, sharpening their tools in response to ... to Costello. Default expectations for the 2/28 adjustable rate mortgages often considered subprime will ...