Articles filed under Mortgages
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The HECM reverse mortgage program gets a makeoverNov 02, 2013 12:08 am - Last month, FHA announced a series of sweeping changes in the HECM reverse mortgage program, most of which have already taken effect. The changes are a response to incre...
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Why will some lenders accept borrowers that other lenders reject?Oct 19, 2013 12:08 am - Some mortgage applicants will be accepted by every lender and others will be rejected by every lender. However, there is a group of “marginal applicants” who will be rej...
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Is the “too big to fail” problem too big to solve?Oct 12, 2013 12:08 am - Previous articles in this series have described the major sources of public policy paralysis in dealing with the “too big to fail” Wall Street banking problem. One sourc...
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Is the “too big to fail” problem too big to solve?Oct 04, 2013 10:25 am - Last week’s article argued that existing public policy toward the “too big to fail” problem was based on an unrealistic premise: that capital requirements can be used to...
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Consumers making mortgage payments priority againSep 28, 2013 11:00 pm - LOS ANGELES — The steady rise in U.S. home values is increasingly motivating homeowners to make paying their mortgage on time a priority, according to a new study. Credi...
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Rock-bottom mortgage rates evaporating on recovery in U.K.Sep 22, 2013 6:25 am - Rock-bottom mortgage rates may be a thing of the past in the U.K. as banks’ borrowing costs surge amid growing evidence that an economic recovery is taking hold. Five-ye...
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Is the “too big to fail” problem too big to solve?Sep 21, 2013 12:08 am - There seems to be almost universal consensus that using public funds to protect large institutions from failure, commonly called “bailout,” is bad policy. There is nothi...
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Who can you trust for a mortgage referral?Sep 13, 2013 10:47 am - Q. I don’t want to price shop for a mortgage, because I don’t feel competent enough and don’t want to take the time to educate myself on how to do it. I want to go to a ...
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Fix up a home before selling it, or not?Sep 07, 2013 12:10 am - Recently I put my home up for sale, and because it needed a new roof, deck and septic system, I came face to face with this question. This article is based heavily on th...
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Average U.S. 30-year mortgage rate up to 4.57%Sep 05, 2013 11:07 am - WASHINGTON — Average fixed rates on U.S. long-term mortgages neared their highs for the year this week amid signs of further strength in the economy. Mortgage buyer Fre...