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Refinancing fumbles: as more homeowners take advantage of low interest rates, overworked banks and mortgage brokers are making errors that could cost you
Never mind baseball--with interest rates at near-record lows, refinancing has become the national pastime. In 2002, roughly $2.24 trillion worth of home mortgages were financed, and nearly 60 perce...(Continue Reading)Bye-Bye, Pmi - mortgage insurances - Brief Article
HOME | Rising values may mean you can quit paying MORTGAGE INSURANCE. YOU MIGHT WANT to write a little thank-you note to the folks who paid top dollar ......(Continue Reading)Collateralized mortgage obligations - CMOs
ISSUE NO. 89-4 CMOs are created by segregating mortgage collateral (such as Ginnie Maes and mortgage loans) into a pool and selling bonds whose ......(Continue Reading)Should you refinance your mortgage? - Brief Article
Conventional wisdom maintained that it made sense to refinance your mortgage only if the rates dropped two percentage points. That advice has been replaced ......(Continue Reading)Mortgage Giants May Be in Trouble; A recent accounting scandal at Freddie Mac has critics questioning whether it and Fannie Mae should remain exempt from
Byline: John Berlau, INSIGHT It was reported as another chapter in the saga of great corporate scandals. Highly paid executives allegedly enriching ......(Continue Reading) |
