I have a rental property that I bought five years ago for $170,000 but now is valued at $120,000. I have a mortgage at 6.75 percent with about $45,000 in equity on the property. I am not in financial difficulty, but I would like to take advantage of low interest rates. Is it possible to refinance...
Business and Economy - Real estate - Property - Oceania - AfricaMortgage rates again at new low; average for 30-year fixed loan at 4.54 percent Washington Post, 31 July 2010
Mortgage rates dropped to the lowest level on record for the fifth time in six weeks, making home-buying and refinancing -- for those who can get loans -- the most attractive it has been in decades.
Mortgage - Business - United States - Financial Services - LoanEffects of financial reform law might not be felt for a while Washington Post, 31 July 2010
The financial reform bill signed into law by President Obama might look like a cornucopia of helpful changes for homebuyers and loan applicants -- not the least of which will be the creation of a powerful Consumer Financial Protection Bureau to ride herd on the mortgage lending industry. But how ...
Law - United States - Politics - Business - Health Care ReformCitigroup agrees to $75 million SEC settlement on subprime mortgage investments Washington Post, 30 July 2010
Citigroup, one of the nation's largest banks, agreed Thursday to pay $75 million to settle a Securities and Exchange Commission complaint that it misled investors about $40 billion of its holdings in subprime mortgage investments.
Citigroup - Subprime lending - Business - Allegedly Unethical Firms - Financial servicesFannie, Freddie overhaul moving ahead gingerly Washington Post, 28 July 2010
The Obama administration on Tuesday tiptoed closer to overhauling Fannie Mae and Freddie Mac, announcing a conference next month to begin a public discussion on how to remake the nation's system for funding home loans.
Business - Freddie Mac - Fannie Mae - Mortgage - United StatesD.C. area housing market relatively insulated from downturn, report finds Washington Post, 27 July 2010
While the nation's housing market struggles amid a sudden downdraft that has once again battered sales, the Washington region appears relatively insulated and poised for a turnaround.
Real estate economics - Business - Real Estate - Residential - HousingFormer homeowners ponder when to re-enter real estate market Washington Post, 25 July 2010
N ew york -- In hindsight, Scott Feldman's decision to sell his first home in late 2006 could have been a case study in a textbook called "How to Time the Real Estate Market."
Real estate - Business - United States - Law - ServicesThe dangers of life estates; understanding agents' commissions on foreclosures Washington Post, 24 July 2010
In 1997, we created a living will for estate protection in case my mom went into a nursing home. It was set up so my sister and her husband received half the house while my sister's three kids got the other half.
Real estate - Foreclosure - Business and Economy - Business - AfricaIn tough times, how to score a better mortgage deal Washington Post, 24 July 2010
Call it the great real estate disconnect of 2010: Mortgage rates have been at half-century lows and home prices have stabilized, but applications for mortgages have declined most weeks during the past three months, as measured by the Mortgage Bankers Association.
Mortgage - Business - Financial Services - United States - LoanU.S. housing slump continues, but D.C. area is doing better Washington Post, 24 July 2010
The housing bust isn't over, but the worst is past, according to economists participating in a U.S. Chamber of Commerce panel this week.
Housing - Real estate - Business and Economy - Affordable and Low Income Housing - Property