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Mortgages

Sub-Topics
Foreclosures

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  1. Homes and Apartments
Lists
  1. Relocation - Choose a City (Homefair.com)
      Provides a list of cities that match your lifestyle criteria.

  2. Relocation - Choose a Mortgage (Homefair.com)
      Provides articles and calculators to assist you with choosing a mortgage.

  3. Relocation - Mortgage Qualifier (Homefair.com)
      Provide your income and the interest rate and the program will estimate the amount of the loan for which you may be eligible.

  4. Relocation - Moving Costs Calculator (Homefair.com)
      Estimates costs for moving to another city or country.

  5. Relocation - Salary Calculator (Homefair.com)
      Provides relative income necessary when moving to another city or country.

News
  1. -04-10-07 Forecast for Foreclosures (MSNBC News)
      "Colorado registered the second-highest rate in February, with one foreclosure for every 345 households, while Florida took third place, with one filing for every 382 homes. Others ranking among the country's top 10 states for foreclosures were Georgia, Michigan, Tennessee, Ohio, Texas, Arizona, and Indiana." 04-07

  2. -07-14-08 Government Backs Struggling Mortgage Giants (PBS.org)
      "Treasury Secretary Henry Paulson is asking Congress to increase the companies' existing line of credit at the Treasury, and for the authority to buy unlimited stakes in the companies."

      "Shares for Fannie Mae and Freddie Mac, which buy or finance almost half of the $12 trillion of U.S. mortgages, plummeted last week over concerns that they might not have enough capital to handle losses from bad home loans."

      "The two companies have been struggling for months, with the value of shares of the companies dropping some 75 percent in the last year. Both companies are publicly traded, but are chartered and government-sponsored enterprises." 07-08

  3. -12-03-07 Treasury: Possible on Mortgage Loan Rates (MSNBC News)
      "A government proposal to freeze interest rates on millions of loans made to risky borrowers reflects political and financial realities of the housing market crisis, analysts say." 11-07

Papers
  1. Bank Interest Rates (Bankrate.com)
      Provides today's interest averages, based on 3,500 institutions, for 30-year fixed mortgages, home equity loans, new car loans, and more.

  2. Bidding on a House (Time.com)
      Provides tips on buying a house.

  3. Buying a Home with Poor Credit or No Credit (MSNBC)
      "Are you less than perfect about paying your bills on time? Or maybe you pay your rent, utilities and other bills with cash or money orders so you have no credit record."

      "If that's your problem, you may still be able to buy a house or condo. Thanks to innovative outreach home mortgage programs from Fannie Mae and other major home loan lenders, if you have a reliable source of income you can probably buy a home." 9-05

  4. Calculators (Bankrate.com)
      Provides calculators to help determine true costs of refinancing, credit cards, auto leasing, and other costs.

  5. Cities Consider Seizing "Under Water" Home Mortgages (ABC News)
      "Mortgage Resolution Partners will focus on mortgages where the borrowers are current on their payments but are 'under water,' meaning their mortgage costs more than the home is worth. After being condemned and seized, the mortgages would be rewritten based on the homes' current values. The borrowers would get to stay, but with cheaper monthly payments. The city or county would resell the loans to other private investors, so it could pay back the investors who funded the seizure and pay a flat fee to Mortgage Resolution Partners." 07-12

  6. FHA Loan Limits by City or County (FHA Mortgage Center.com)
      "While contacting one of our FHA Specialists is the most accurate way to determine your eligibility and qualification level for a FHA Loan, the FHA Loan Limit Calculator below can estimate your anticipated loan limit." 09-08

  7. Fannie Mae Loans (Freddie Mae)
      Provides information on Fannie Mae mortgage loans.

  8. Flipping Homes for Investment (ABC News)
      " 'Flipping' in real estate lingo means buying and quickly reselling properties for big profits. In south Florida and other popular real estate markets, it got to the point where people were buying and flipping contracts on condos before they'd even been built." 05-06

  9. Freddie Mac Loans (Freddie Mac)
      Provides information on Freddie Mac mortgage loans.

  10. Glossary for Mortgage and Finance Terms (FHA Mortgage Center.com)
      Provides an "alphabetical listings for our FHA Mortgage term glossary." 09-08

  11. Home Values (Yahoo) star
      Provides the selling prices of homes to gain comparables to ones you are considering. Search by location or price range.

  12. Investing in Real Estate - A Case Study (Money.CNN.com)
      "The DeLaGarzas make more than they spend, and spend what they make on real estate." 8-04

  13. Investing in a Home for Financial Freedom (ABC News)
      "Is buying a house the ticket to financial freedom? According to financial expert and author David Bach, home ownership is the key to personal wealth." 05-06

  14. Many Will See Monthly Payments Double (MSNBC News)
      "Big, fat surprises are ahead for about 20% of homeowners: Their complicated, often-risky adjustable mortgages are going to soar as introductory interest rates expire." 10-06

  15. Mortgage Closing Savings (ABC News)
      "Every year, Americans spend $110 billion buying houses. I'm not talking about how much the homes themselves cost. I'm talking about how much the loans cost. American home buyers routinely pay abusive closing costs." 03-06

  16. Mortgage Glossary (Bankrate.com)
      Defines commonly used terms in the process of gaining a mortgage.

  17. Mortgage Information (Wall Street Mortgage)
      Provides information on loan qualifications, pre-loan qualification, manufactured homes, closing costs, use of home equity, and types of loans. Also links to a mortgage calculator, cost of living information, and interest rates. Allows pre-qualification for a mortgage online.

  18. Mortgage Myths (MSNBC)
      "Buying a home is confusing enough without buying into faulty information. From down payment requirements to mortgage insurance, here's the truth about six common misbeliefs." 03-06

  19. Most Affordable Housing in the United States (MSNBC News)
      "These kinds of comparisons are almost impossible not to make when looking over Coldwell Banker's annual Home Price Comparison Index, or HPCI. As it has done for almost 20 years, the 2006 index reveals the most affordable, and the most expensive, housing markets in all 50 states and the District of Columbia." 10-06

  20. Real Estate Resources (Bankrate.com)
      Provides information to help with finding, buying, selling, financing, or moving to a new home.

  21. Selling: Inexpensive Staging Helps Sell a Home (ABC News)
      "When getting ready to sell a home, investing a little money into sprucing it up can result in big dividends in the final price tag." 05-06

  22. The HOA Loophole (BankRate.com)
      "Florida law allows homeowners associations, or HOAs, to foreclose on properties when dues are in arrears and does not require the HOA to notify the primary mortgage lender. Florida has 40,000 homeowner and condo associations, many struggling to keep basic services going with so many owners behind in dues. The HOA's lawyers encourage them to foreclose because, if the bank beats them to it, they usually won't see a cent."

      "Here's where opportunity creeps in: Since most homeowners owe less than $15,000 in association dues, the HOAs can file their foreclosure cases in county court rather than in circuit court, where caseloads are backed up. This allows the associations to get final judgment on a foreclosure in as few as 270 days verses the 617 days it now takes for the average bank foreclosure."

      "Yes, a mortgage lender would gladly pay the back dues to protect their investment -- if they knew about it. But because the HOA doesn't have to notify the bank of its foreclosure actions, it could be months or even years before the primary lender forecloses." 08-11

  23. Where to Find a Home for Less than $800 per Month (U.S. News)
      "Home prices in 20 major cities dropped 33 percent from the summer of 2006 to the spring of 2009—and in certain markets, the plunge was even steeper. At the same time, the federal government's efforts to revive the housing market have helped drive financing costs to record lows. Thirty-year fixed mortgage rates fell to an average of 4.32 percent for the week ending September 2. That's the lowest level in nearly 40 years of record-keeping." 04-11

Projects
  1. House Values (HouseValues.com)
      Provides house values by area.

  2. Mortgage Tools (Intuit)
   
   


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