Mortgage News 2 You
Covering Mortgage & Finance
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Getting your 1040 to Uncle Sam
Posted on April 2nd, 2009 No commentsYour taxes are done. Now you just have to make sure they get to the IRS safely and on time. -
Homeowner shouldn’t wait to refinance
Posted on April 2nd, 2009 No commentsA homeowner who is underwater doesn't have the luxury of waiting a year to refinance. -
Looking beyond rates
Posted on April 2nd, 2009 No commentsMany home shoppers choose a lender based on the answer to one question: "Where can I get the lowest rate?" -
Another New Low for Freddie Mac Rates
Posted on April 2nd, 2009 No commentsHo hum; another week, another record low mortgage rate. Three of the four mortgage products tracked by F reddie Mac in its Primary Mortgage Market Survey hit new interest rate lows this week. For the 30-year it was the fourth time in 2009 that a new record...(read more) -
FASB Eases Mark-to-Market Accounting Rules
Posted on April 2nd, 2009 No commentsAccounting standards for U.S. financial institutions were eased on Thursday when the U.S. Financial Accounting Standards Board recommended allowing firms to use "significant' judgment when valuing toxic assets on their books. Analysts interviewed...(read more) -
Mortgage rates drop to record low
Posted on April 1st, 2009 No commentsThe 30-year fixed mortgage is at 5.13 percent in Bankrate's weekly survey. -
MBA Mortgage Applications Up for Fourth Week in a Row
Posted on April 1st, 2009 No commentsWeekly mortgage applications in the United States advanced for the fourth week in a row in the reference week March 27, according to data released by the Mortgage Bankers' Association (MBA) on Wednesday. The MBA reported a 3.0% week-over-week increase...(read more) -
U.S. is Moving “Aggressively” to Stem Crisis, Says Obama
Posted on April 1st, 2009 No commentsPresident Barack Obama said that the government is acting "aggressively" to resolve the ongoing crisis and said that differences within the G20 have been "overstated". Speaking at a news conference alongside UK Prime Minister Gordon...(read more) -
The latest Treasury program is no quick fix
Posted on March 31st, 2009 No commentsThe plan is to get banks lending again, but it could be a while before consumers see benefits. -
Curtain May be Rising on a New Toxic Asset Mess
Posted on March 31st, 2009 No commentsIt looks like the mortgage soap opera may be well into a new act and one doomsayer is predicting that there is a rotund woman with a horned helmet and a spear waiting in the wings. Iris Martin, writing in the Huffington Post on Monday set forth her claim...(read more)