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Latest Mortgage Affordability News

  • Calvada Surveying, Inc. Wins Contract for 25 ALTA Survey Projects 19 Jul 2008 22:31 GMT
    ... land titles to protect home buyers and mortgage lenders who invest in real estate. ACSM stands for American Congress on Surveying ... work. As a result they could not afford mistakes or delays. Thus, all research and ...

  • Given a Shovel, Digging Deeper Into Debt 19 Jul 2008 22:30 GMT
    ... lenders. She juggled not one but two mortgages, both with interest rates that rose over ... she worked two jobs so she could afford her small, two-bedroom ranch house in suburban Philadelphia, the Kia she drove ...

  • Property plunge: even worse than you thought 19 Jul 2008 21:56 GMT
    ... House prices are falling more steeply than official ... everyone - houses are now the most affordable since February 2007, and lower house prices ... the median take-home pay to service the mortgage of a median house, down 5 per ...

  • More investments gone sour plague indicted real estate agent 19 Jul 2008 21:31 GMT
    ... While Fort Myers real estate agent Samir Cabrera was allegedly mismanaging two ... than they would otherwise be able to afford. That large claim on the land’s value ... show that despite a second and third mortgage on the Daniels View property — including ...

  • Starbucks and America's First Taste of the Greater Depression 19 Jul 2008 20:51 GMT
    ... ... my point is that Americans can't afford stuff they used to be able to ... for Americans now, just like gas and housing. And this is just the beginning. As ... keeps trying to bail out the un-bailable banks/mortgage/Fannie Mae crooks by printing more dollars that ...

  • THE ECONOMIST 19 Jul 2008 20:51 GMT
    ... plan to bolster the nation’s two leading mortgage entities– Fannie Mae and Freddie Mac. Just ... a portion of the business devoted to affordable housing. It was a part of the “New ...

  • Complex Mortgage Jargon Made Simple 19 Jul 2008 19:31 GMT
    ... on their borrowing. In terms of your mortgage, you can avoid fluctuations in this rate ... Value (LTV): With the downturn in the housing market, this term has been in the ... back. Depending on how much you can afford each month it’s possible to set this ...

  • Is your family recession-proof? 19 Jul 2008 18:30 GMT
    ... rates and prices put the squeeze on household budgets, so people spend less. And the ... as lenders have pulled a variety of mortgage offers and increased rates. But there are ... again become more competitive. If you can't afford to bide your time in the hope ...

  • Affordable housing project opens in Baker Brook 19 Jul 2008 17:28 GMT
    ... Affordable housing project opens in Baker Brook Affordable housing ... Social Development and Minister Responsible for Canada Mortgage and Housing Corporation . "This project in ...

  • Are Foreclosure Deals All They're Cracked Up to Be? 19 Jul 2008 17:28 GMT
    ... get the best deal possible. With the housing market in a decline, and foreclosures on ... estate agent before making a bid. The mortgage company wants to cover the balance on ... come out of your pocket. Can you afford it if it takes three or four ...

  • The Problems Caused by Sub-prime Mortgages 19 Jul 2008 17:24 GMT
    ... talk in the news lately about sub-prime mortgages, the credit crisis, and a possible recession ... owners believed they would be able to afford the new rates within two years or ... on everyday items such as clothing and household goods, or for big ticket items such ...

  • Real Estate Foreclosers See Opportunity in Adversity 19 Jul 2008 17:24 GMT
    ... seized by banks and lenders for unpaid mortgages. They do this in order to purchase ... property available for those who simply cannot afford a mortgage. Make no mistake, many lenders ... real estate investors are providing some needed housing when nearby apartment complexes become full. Keep ...

  • Calif. To Be Hit Hard Among Nation's 1 Million Foreclosures 19 Jul 2008 17:23 GMT
    ... than $300,000, Luery reported. Towne said his mortgage payments have grown by $900 a month, ... I said 'Because mommy and daddy can't afford to pay for this house anymore.' It's just costing too much money." ...

  • Red Tape, Dems Responsible For Dilemmas 19 Jul 2008 16:32 GMT
    ... plants, nuclear energy, refineries, etc. In the 1990s, government pressured lending institutions to create mortgages that would allow people to buy homes they could not afford. The result is the mortgage and housing mess we are currently experiencing. If you want higher gas prices, higher taxes, open ...

  • Alternating Republican and Democrat Administrations is Good for the U.S. Economy 19 Jul 2008 16:31 GMT
    ... party. When one party controls the White House and the other party controls the Congress, ... great that the consumers could no longer afford to purchase the products that the industries ... existed in 1929. The present U.S. home mortgage crisis, the banking crisis, the financial market ...

  • Help to Prevent Foreclosure 19 Jul 2008 15:27 GMT
    ... If you find yourself caught in a mortgage that you can no longer afford, you may need to find help to ... loses, on average, between fifty to sixty thousand dollars for each foreclosure. They are in ...

  • Buy a home, pay for three-quarters 19 Jul 2008 15:26 GMT
    ... are falling over themselves to sell new-build houses and flats. Nothing unusual there, you might ... a 75% scheme. You take out a mortgage as normal for the main part of ... contracts which means that if you can't afford to pay back the loan, the developer ...

  • No home equity crisis here 19 Jul 2008 14:59 GMT
    ... lending, as falling home prices and rising mortgage losses spooked the industry. They're tightening up ... to buy more home than they can afford or go on costly vacations. “If somebody's ... to cover the downpayment on new a house so borrowers wouldn't have to pay for ...

  • FBI eating IndyMac (and cheese) 19 Jul 2008 14:57 GMT
    ... is only the continuation of the sub-prime mortgage fiasco that's now spreading like a cancer ... their annual income and they buy a house that they can't afford to pay back. IndyMac has been a ...

  • Scammers post fake rental ad on Craigslist 19 Jul 2008 14:11 GMT
    ... the online ad for the cute rental house in North Portland sounded good to Annette ... income. When housing values are high and mortgage-financing tightens, rental rates tend to rise, fueling ... fueling a feeding frenzy on available and affordable homes and apartments. Rising gas prices also ...

  • Some Tips on Buying a Vacation Home 19 Jul 2008 13:45 GMT
    ... someone lucky enough to be able to afford a vacation getaway home, you're to be ... able to afford a cottage or country house is a rare luxury. But before you ... And this means other expenses beyond the mortgage or purchase price, including furniture, utilities, upgrades, ...

  • Real Estate Foreclosers See Opportunity 19 Jul 2008 13:45 GMT
    ... seized by banks and lenders for unpaid mortgages. They do this in order to purchase ... property available for those who simply cannot afford a mortgage. Make no mistake, many lenders ... real estate investors are providing some needed housing when nearby apartment complexes become full. Keep ...

  • Problems Caused by Sub-prime Mortgages 19 Jul 2008 13:45 GMT
    ... talk in the news lately about sub-prime mortgages, the credit crisis, and a possible recession ... owners believed they would be able to afford the new rates within two years or ... on everyday items such as clothing and household goods, or for big ticket items such ...

  • New Dominican Republic property developments sparked by increasing tourism with an 8% increase in vi 19 Jul 2008 13:14 GMT
    ... greater investment interest in the Dominican Republic's affordable yet high-end property market. According to the ... and private luxurious community of apartments and penthouses is for sale at 30% below market ... Properties are available for sale with 50% mortgages from just $140,000, and for more information ...

  • Gas chief says: 'Just wear two jumpers.' 19 Jul 2008 12:15 GMT
    ... estimate more than one in three pensioner households could be in fuel poverty by the ... knowing they will not be able to afford to keep warm. Fears of another huge ... from food to fuel - and particularly mortgages - have rocketed this year, putting families ...


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