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Archive for January, 2014

Are All Subprime Mortgages Predatory Loans?

Are All Subprime Mortgages Predatory Loans?

Subprime mortgages are typically loans with tough terms and high rates. So does this mean all subprime loans are examples of predatory financing? In the usual case the answer is no. Subprime mortgages are a form of financing which should be used only for borrowers with woeful credit, individuals with a history of failing to […]

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Real Estate: Which Is America’s Richest State?

Real Estate: Which Is America’s Richest State?

California has Hollywood, Rhode Island has Newport, Texas has Dallas and New York has Manhattan, but which is the richest state? If you’re thinking none of the above you’re on the right track. The real answer, the answer that’s on the money, is Maryland. Huh? Maryland? Whoever heard of the Maryland Rockefellers? And if Maryland […]

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Foreclosures Tumble 26% in 2013, Says RealtyTrac

Foreclosures Tumble 26% in 2013, Says RealtyTrac

Foreclosure activity is falling through the floor — at least relatively speaking. The latest figures from www.realtytrac.com show that 2013 foreclosures fell 26 percent when compared with 2012. The bad news? The wealth gap continues: Nearly 1.4 million properties faced foreclosure notices, a still-huge number given that there are roughly 50 million mortgaged homes in […]

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Are Subprime Mortgages Dying Or Dead?

Are Subprime Mortgages Dying Or Dead?

Subprime mortgages are an endangered species. The problem is not that such loans can’t be made under Wall Street Reform, and it’s not that such loans won’t be made, it’s just that there will be a lot fewer of them. Subprime mortgages are appropriate for individuals with poor credit histories because such borrowers are seen […]

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Real Estate: 9.3 Million Homes Underwater, Says RealtyTrac

Real Estate: 9.3 Million Homes Underwater, Says RealtyTrac

Real estate owners are not out of the woods yet even as the stock market nears record highs and home values have increased at least 10 percent from 2012. A new home equity study from RealtyTrac shows a tale of two housing markets: One side are 9.3 million homeowners who are deeply in debt, individuals […]

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Mortgages: Can You Buy Real Estate With Bitcoins?

Mortgages: Can You Buy Real Estate With Bitcoins?

Bitcoins are being accepted in real estate transactions for the first time, a financial wrinkle that could significantly impact the mortgage marketplace. While banks and non-bank lenders have been leery of the mortgage origination fee limits created by Wall Street Reform, Bitcoins may be a bigger problem because they can be used without any fees. […]

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