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03/30/2007 Paralysis by Analysis or Good Investing Practice?
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How do you know if you're getting a good deal on an investment property? I've talked with many people who believe that if they're upside down on rental payments (meaning, they're getting less in rent than the cost of their monthly expenses), then they're okay as long as the house is appreciating in value.
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03/29/2007 New Century Financial cuts ties to Freddie Mac
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Subprime lender New Century Financial Corp. said it has voluntarily severed its ties to Freddie Mac, and will no longer sell or service loans to the government-chartered mortgage repurchaser.
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03/29/2007 Connecticut pursuing criminal charges against MLN exec
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A top executive at bankrupt subprime lender Mortgage Lenders Network USA Inc. is seeking to avoid arrest and criminal prosecution on charges that his company failed to pay up to $3 million in commissions to its sales force.
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03/29/2007 Mortgage rates mixed on home sales, inflation
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Mortgage rates posted mixed movement this week as sales of new homes and higher-than-expected inflation offered an unclear economic outlook, according to surveys conducted by Freddie Mac and Bankrate.com.
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03/29/2007 Job market prospects weaken
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The expected pace of job growth through early summer has been downgraded from "moderate" to "modest," as The Conference Board today reported that its Help-Wanted Advertising Index sank another point in February.
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03/29/2007 Another calm night for real estate rates
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Long-term mortgage interest rates were mostly unchanged Wednesday, and the benchmark 10-year Treasury bond yield rose to 4.62 percent.
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03/29/2007 Neighborhood data powers home-search site
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FindaHome.com is a site for home buyers who are seeking a low-crime, predominantly white and Republican neighborhood where Portuguese is spoken, there are a bunch of well-educated young couples who make lots of money, and there is a nearby Montessori private school, Safeway grocery store, Peet's coffee shop and Thai restaurant.
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03/29/2007 Despite Lending Woes, Builders Keep Building
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In a recent Wall Street Journal Op-Ed piece, Alex J. Pollock wrote, "If private investors want to take credit risk, and borrowers want to take a chance in order to own a house, should they be allowed to, even if it might lead to consequences ... . I'd say they should. Credit is a central force in a market economy, and boom and bust cycles are the unavoidable price of achieving the long-term growth that markets -- and nothing else -- create."
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03/29/2007 Make Sure Your Homeowners Policy Covers Leaking Tanks
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When you purchase homeowners insurance, you are purchasing protection from potentially crippling financial risks. Its good to know that if something happens to your home, that insurance is available to get you back on your feet.
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03/29/2007 Californians At Higher Risk For Mortgage Fraud
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California's law enforcers are on the look out for foreclosure rescue scams swarming the state as risky-loan meltdown is leaving home owners vulnerable.
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