Tag Archives: loans
They’re baaaack: Subprime loans
Will a new name be enough to rebrand these toxic mortgage loans for investors? Continue reading
Is subprime heating up again?
The mortgages that led to the recession are making a comeback. Continue reading
Is subprime heating up again?
The mortgages that led to the recession are making a comeback. Continue reading
A new day for subprime loans
The housing market is showing signs of life and that’s sparking a renewed interest in bonds backed by subprime mortgages.
Wednesday, the National Association of Realtors reported that existing-home sales increased 4.3 percent in January from a month ea… Continue reading
Fannie, Freddie saga heats up
Troubles continue to plague Fannie Mae and Freddie Mac, the giant mortgage companies that were taken over by the government in 2008 and bailed out by taxpayers.
The Securities and Exchange Commission, or SEC, sued three former executives at each of the… Continue reading
Mini luxury home boom
Last month I wrote about European villas for sale at reduced prices in popular vacation spots. Here in the U.S., it’s much the same story, as brokers report an uptick in interest from homebuyers in luxury enclaves like Palm Beach, Fla. And Vail, Colo.
… Continue reading
Reports of mortgage fraud spike
The deeper the banks go to uncover faulty or fraudulent mortgage transactions conducted during the housing boom, the uglier it gets. Accounts of mortgage fraud skyrocketed by 88 percent in the second quarter of this year, according to a report from the… Continue reading
Jumbo loans going fast
Average jumbo mortgage rates are lower than they have been in years, driving high-end home sales. But the deals won’t last long.
“Jumbo mortgage rates, currently averaging 5.17 percent, are near record lows and the spread between jumbo and conforming m… Continue reading