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Mortgage Affordability News is an EIN News Service for finance industry professionals. Constantly updated news and information about finance.
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Latest Mortgage Affordability News

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  • Eco' specialist real estate agent takes up management role in Titirangi 24 Nov 2009 04:36 GMT
    ... Enviro'-friendly real estate agent Lynn Lacy-Hauck of Bayleys - bringing ... they have enjoyed a comparatively low floating mortgage rate - which should roll over into ... buying a home is still attractive and affordable, although this luxury may not last for ...

  • October gains lift hopes for housing market 24 Nov 2009 04:36 GMT
    ... October gains lift hopes for housing market WASHINGTON (AP) — First-time buyers seized ... seized on an expiring tax credit, low mortgage rates and falling prices to boost home ... high, it would make home purchases less affordable and dampen demand. “When we do kick ...

  • October sales gains lift hopes for housing market 24 Nov 2009 05:31 GMT
    ... on a tax credit, combined with low mortgage rates and falling prices, to boost home ... homebuyer tax credit will help sustain the housing market next year. Yet the overall economy ... high, it would make home purchases less affordable and dampen demand. Economists also cautioned that ...

  • Oct. sales lift hopes for housing market 24 Nov 2009 02:33 GMT
    ... seized on an expiring tax credit, low mortgage rates and falling prices to boost home ... has been extended, will help sustain the housing market next year. Yet the overall economy ... high, it would make home purchases less affordable and dampen demand. “When we do kick ...

  • Bahrain's poor stake a claim for housing 24 Nov 2009 03:54 GMT
    ... Bahrain's poor stake a claim for housing Published: November 24 2009 02:00 | Last ... price declines, tighter lending and more expensive mortgages have contributed to a weaker market, says ... do relatively menial jobs, and really can't afford to get on the housing ladder unless ...

  • Is Canada's Housing Rebound Forming a Bubble? 24 Nov 2009 13:12 GMT
    ... Is Canada's Housing Rebound Forming a Bubble? Canadians are a ... record years of 2005 to 2007. Canada Mortgage and Housing Corp. CMHC) predicts that average ... and buys the best house he can afford at the current low rates, is he ...

  • Upturn in house prices may 'buoy demand' 24 Nov 2009 01:04 GMT
    ... aftershocks of the collapse of the U.S. housing market, which was at the epicentre of ... the year. “Despite the upturn in prices, affordability remains attractive as mortgage rates have drifted lower since the spring, ...

  • House price upturn may 'buoy demand' 24 Nov 2009 12:37 GMT
    ... aftershocks of the collapse of the U.S. housing market, which was at the epicentre of ... the year. “Despite the upturn in prices, affordability remains attractive as mortgage rates have drifted lower since the spring, ...

  • Mortgage Modification Divisions Hiring; Several Investor Updates - Why During a Holiday Week? 24 Nov 2009 15:35 GMT
    ... eligible to be originated as Higher Priced Mortgage Loans (as set forth in Regulation Z), ... this year". Given that almost 7 million households are 30 days or more overdue, that's ... of figuring out how much they can afford to pay each month! Wells alone, per ...

  • National Housing Day celebrated with launch of 2010 CMHC Housing Awards 24 Nov 2009 13:53 GMT
    ... OTTAWA, Nov. 24 /CNW Telbec/ - Canada Mortgage and Housing Corporation (CMHC) marked National Housing Day by ... which recognizes private sector-led best practices in affordable housing. "National Housing Day is an opportunity ...

  • Community Mortgage Lenders of America Warns: Congress Will "Pull the Plug" on Main Street Lenders 24 Nov 2009 01:21 GMT
    ... WASHINGTON--(BUSINESS WIRE)-- The Community Mortgage Lenders of America (CML America) today released ... extinct. Congress will literally destroy hundreds of thousands of lives if this proposal is approved. ... borrowing costs, dramatically restrict the availability of affordable mortgage options, and cut short efforts to ...

  • Taking Necessary Steps To Sell My House Fast 24 Nov 2009 12:51 GMT
    ... finding the best methods to "sell my house fast." You may have been offered a ... renting a cheaper space than your previous mortgage payment entailed. You may have to cut ... a new city or to a more affordable house. If you "sell my house quick," ...

  • More than 1,500 social housing tenants in arrears 24 Nov 2009 13:11 GMT
    ... THERE are 1,525 social housing tenants in arrears of rent of one ... who are awaiting their opportunity for decent affordable housing, there is no excuse which can ... much or more than many people with mortgages. It baffles me why the Government still ...

  • National Housing Day celebrated with launch of 2010 CMHC Housing Awards (CNW) 24 Nov 2009 13:33 GMT
    ... > The Housing Awards theme for 2010 is "Best Practices in Affordable Housing: Recognizing Leadership from the Private Sector." ... helpful to the project under consideration. CMHC's mortgage loan insurance for affordable housing enables lenders ...

  • Youth jobless holding back housing market 24 Nov 2009 11:54 GMT
    ... delay the recovery of the province’s beleaguered housing market, experts warned today. House prices have ... he said. According to the Council of Mortgage Lenders (CML) the average age of first ... moment. The market has never been more affordable in many respects and yet financing is ...


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