Clik here to view.
Seniors Have Most Equity in Homes in Four Years
Americans 62-years old and older now have more equity in their homes than at any time in the last four years, according to data released by the National Reverse Mortgage Lenders Association (NRMLA)....
View ArticleClik here to view.
Consumers Continue to Pay Down Their Total Debt
Consumers continued to see their total debt decrease in most major U.S. metropolitan areas in the first quarter of 2013, though the sharp declines some markets saw in 2012 have leveled off, according...
View ArticleClik here to view.
California passes bill to forgive debt
The California Senate passed the California Association of Realtors-sponsored tax relief bill without a single “no” vote on June 20. SB 30 (Calderon, D-Montebello) protects homeowners from having to...
View ArticleClik here to view.
Should you pay off your mortgage when you retire?
Which is better: To retire without a mortgage or keep the mortgage and retire with a bigger nest egg? More Americans approaching retiring face what some describe as worrisome levels of debt, especially...
View ArticleClik here to view.
Negative equity dropping as housing market improves
Negative equity. There was a time when most borrowers had never even heard the term. But with the housing market crash five years ago, millions of homeowners became intimately familiar with the concept...
View ArticleClik here to view.
Fed Seen Avoiding Historic Loss by Holding Mortgage Debt
The Federal Reserve can avoid unprecedented losses by never selling mortgage-backed securities from its record $3.84 trillion balance sheet, according to updated estimates by Fed economists in...
View ArticleClik here to view.
3 Huge Differences Between U.S. and Canadian Mortgages
As housing reform continues to be part of the Obama administration’s agenda, differences between the mortgage market in the United States and that of other countries have come to light. For instance,...
View ArticleClik here to view.
9 biggest mortgage mistakes
A mortgage is the biggest debt most of us will ever carry, and a home is the most expensive purchase we will ever make. That’s why it’s so important to avoid pitfalls like making a major job change...
View ArticleClik here to view.
Home equity leaps ahead, though mortgages remain underwater for millions of...
If you’re like most homeowners, it’s your biggest asset. You can’t track it online or check monthly statements sent to you by a bank, but it’s crucially important for your personal financial well-being...
View ArticleClik here to view.
Reasons to Love Your Mortgage
In June, existing-home sales rose 2.6% from May to a seasonally adjusted annual rate of five million, according to the National Association of Realtors. As usual, a majority of buyers took out a...
View Article
