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Mortgages

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Homebuilders Continue to Suffer

Homebuilder D.R. Horton, Inc.’s (NYSE: DHI) second quarter results sent ripples throughout the sector Tuesday, driving major competitors Pulte Homes, Inc (NYSE: PHM), Lennar Corporation (NYSE: LEN), and The Ryland Group, Inc. (NYSE: RYL) down in midday trading.
Texas-based D.R. Horton, famous for its slogan “America’s Builder,” reported a second quarter Tuesday with almost no […]

Popularity: 86% [?]

21May2008 | Justin Kuepper | 0 comments | Continued
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Bargain Hunters Emerge in Housing

Existing home sales climbed for the first time in seven months as bargain hunters began to take advantage of sharply falling home prices. Home sales in February increased 2.9% from January’s numbers, according to a report by the National Association of Realtors. However, year over year sales were still down 24% while the prices of […]

Popularity: 55% [?]

24Mar2008 | Justin Kuepper | 0 comments | Continued
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Homebuilders Index Worsens

The U.S. Homebuilders Index held steady at twenty - as many economists predicted - but a key component measuring expectations for new home sales over the next six months dropped even further during the month. The data indicates that many home builders remain deeply concerned about the future and have little confidence in a housing […]

Popularity: 46% [?]

17Mar2008 | Justin Kuepper | 0 comments | Continued
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Home Improvement Loans 101

Home improvement loans are home loans used to finance improvements on your house or property. These improvements can include repairs, a new bathroom, a new kitchen, any extensions or simply general improvements. Interestingly, these loans were also the original home-equity loans before they grew into a limitless line of credit. The theory is that any […]

Popularity: 36% [?]

12Mar2008 | Justin Kuepper | 0 comments | Continued
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Home-Equity Loans Turn to Poison

Home-equity loans appear to be the next source of problems for consumers and as banks. Lenders made billions of dollars in the past by allowing consumers to tap the accumulated value in their properties with either a loan or a line of credit. However, these profits relied on the assumption that housing prices would continue […]

Popularity: 21% [?]

12Mar2008 | Justin Kuepper | 0 comments | Continued
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Debt Outpaces Value of Housing

The mortgage crisis is beginning to take a turn for the worst by slicing into home equity. Many homeowners are now finding that they have no equity left on their house and are facing rising interest-only payments that they are struggling to pay. The problem is that declining housing prices has wiped out any value […]

Popularity: 22% [?]

7Mar2008 | Justin Kuepper | 0 comments | Continued
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FHA Increases Loan Limits

Sizable increases in key mortgage limits today by Fannie Mae and Freddie Mac may finally deliver the first dose of real help for the troubled housing market. The two quasi-governmental companies that underwrite the majority of the nation’s home loans are now offering higher mortgage limits in many counties across the United States. This means […]

Popularity: 20% [?]

7Mar2008 | Justin Kuepper | 0 comments | Continued
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Mortgage Aid Package Debated

The U.S. Treasury announced yesterday that its mortgage assistance initiative helped 45,000 distressed subprime homeowners get new loans in its first month, but critics say that many of them have not received long-term relief and may even end up facing higher total costs. There is concern among experts that these efforts may just be repeating […]

Popularity: 17% [?]

5Mar2008 | Justin Kuepper | 0 comments | Continued
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Mortgage Insurance Face the Music

Shares of mortgage insurers plunged today amid mounting concerns that their businesses will face huge write-downs as the mortgage markets worsens. Many such insurers have seen huge increases in missed payments on mortgage loans that have forced many of these insurers to pay up on their claims. Some have sought to raise more money through […]

Popularity: 15% [?]

4Mar2008 | Justin Kuepper | 0 comments | Continued
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New Laws Could Significantly Change Mortgages

Lawmakers are finding themselves under increasing pressure from the public to take action to reform the mortgage markets amid the biggest housing problem in U.S. history. There are at least two ideas on the table at the capitol that promise to have widespread consequences if passed for all lenders and financiers involved with mortgages - […]

Popularity: 12% [?]

3Mar2008 | Justin Kuepper | 0 comments | Continued
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