Posts Tagged ‘mortgages’

Bankers to enjoy a feeding frenzy on property mortgages

After substantial intraday movement on “Indigenous Columbus” Federal holiday, 30-year regular mortgage rates in **ALL** 50 U.S. states and DC for **ALL** credit scores, for a loan value of $400K after 10% down, are now **over 8.0%**, with a high of 8.458% in Arizona.  Last time rates were this high, Clinton was still president, and […]

BofA Launches Zero-Down Mortgages… But Only For Black And Latino Neighborhoods

(ZH) With mortgage rates about to crack 6%, the housing market rolling over, and mortgage apps collapsing as even Blackstone halts home purchases, Bank of America has found a new bagholder to keep the party going: blacks and latinos. In a move which has sparked outrage over ‘discriminatory’ preferential treatment – BofA will be offering zero-down payment mortgages with no closing costs or minimum credit […]

Lenders Deny Mortgages For Black Homeowners At A High Rate

Above photo: Black homeownership. By Shannon Wright for NBC News from The American dream while Black: Locked in a vicious cycle. This Black borrower has an outrageous story about his mortgage refinance. When the coronavirus struck the U.S. in early spring, and the stock market went into freefall, mortgage rates also began to plummet. Thousands of homeowners […]

Gene Simmons Is a Destroyer – Veterans Today

“Kids, listen to me: get rid of your parents. They are nothing but leeches.” …by Jonas E. Alexis   Gene Simmons (real name Chaim Witz or Chaim Klein), the Israeli-American rocker who co-founded the defunct band KISS in the 1970s, has a new job. Simmons got famous for singing about incubus, “God of Thunder,” “lord […]

Pump up the bubble? HSBC offering 90% mortgages again

  Lisa Bachelor Guardian October 14, 2011 First-time buyers are being targeted with a new range of mortgages from HSBC, which is making £350m of lending available to borrowers with small deposits. The bank has launched a range of fee-free mortgages with a maximum loan-to-value (LTV) of 90%, including a market-leading lifetime tracker. The bank is reserving £250m of […]

Fed Agency Set to Sue a Dozen Big Banks Over Mortgages

  By Nelson D. SchwartzNYTSept 2, 2011 The Federal Housing Finance Agency suits, which are expected to be filed in the coming days in federal court, are aimed at Bank of America, JPMorgan Chase, Goldman Sachs and Deutsche Bank, among others, according to three individuals briefed on the matter. The suits stem from subpoenas the […]

Number of Delinquent Mortgages on the Rise Again

  CNBC August 22, 2011 After several quarters of improvements, the number of U.S. homeowners who are late on their mortgages increased in the second quarter, according to a survey by the Mortgage Bankers Association (MBA). A d v e r t i s e m e n t The second-quarter mortgage delinquency rate rose […]

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