Investing

2 New Federal Programs to Help With Mortgages

The Obama administration plans to take two new steps in the next few weeks to help struggling homeowners pay their mortgages, said Shaun Donovan, the secretary of Housing and Urban Development, Bloomberg News reports.


MORTGAGES / Another week, and another record low

Mortgage rates fell to the lowest level in decades for the ninth time in 10 weeks, as concerns grow that the economy is weakening. Mortgage buyer Freddie Mac said Thursday that the average rate for a 30-year fixed loan was 4.36 percent, down from 4.42 percent…


Mortgages: Fixed mortgage rates fall in nine of past 10 weeks

Rates on fixed-rate mortgages hit another low this week, after recent reports showed drops in existing- and new-home sales, according to Freddie Macs weekly survey.


Reverse mortgages worth a thought

WITHOUT the backing of compulsory superannuation contributions, many may consider a reverse mortgage as a source of additional retirement income.


Spencer family’s Equitable Mortgages latest to get downgrade

The Spencer family’s finance unit, Equitable Mortgages, is the latest in a flurry of credit rating downgrades announced today.


Reverse Mortgages Pros and Cons

RISMEDIA, August 23, 2010 Some parents are warning their kids not to bank on inheriting the homestead.


Mortgages Still at Record Low Rates

If you’re looking to buy a new home, the time may be right.


Mortgages: Fixed-rate mortgages break record low: Freddie Mac

Rates on fixed-rate mortgages dropped this week, according to Freddie Mac’s weekly survey of conforming mortgage rates. It’s the ninth week in a row that fixed-rate mortgages have met or set a record low, according to Freddie Mac’s deputy chief economist.


U.S. backing for mortgages wont end soon

U.S. backing for mortgages wont end soon combined news services Updated Aug 18, 2010 02:47PM MDT Washington The call from business for less government has a notable exception the mortgage market.


Flaherty to Hold Discussions to Help Canada Companies Negotiate Mortgages

Canadian Finance Minister Jim Flaherty today issued a consultation paper that seeks to give businesses more flexibility in negotiating mortgages with lenders.