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Archive for February, 2014

Foreclosure & Short Sale Buying Slows, Says RealtyTrac

Foreclosure & Short Sale Buying Slows, Says RealtyTrac

Foreclosures and short sales are getting less attention on two fronts, according to RealtyTrac’s Residential & Foreclosure Sales Report for January. First, institutional investors — entities which purchase at least ten properties per year — accounted for 5.2 percent of all U.S. residential property sales in January, down from 8.2 percent in January 2013. The […]

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Subprime Mortgages: 50 Shades of Risk

Subprime Mortgages: 50 Shades of Risk

Subprime mortgages continue to be the riskiest type of mortgage you can get — and yet things are looking better for both subprime borrowers and subprime lenders. How can that be? Subprime mortgages are a form of financing designed for those with impaired credit. That’s a polite term for individuals who have low credit scores, […]

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Are Mortgages On The Way Out?

Are Mortgages On The Way Out?

Writing about mortgages and tiny houses, futurist Thomas Frey explains that “one of the biggest boat anchors for our lives tends to be our home and the gigantic home mortgage that comes with it. We sacrifice much for the sake of paying our mortgage.” (See: Why the Tiny Home Movement May Not Be So Tiny) […]

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Do You Really Need Private Mortgage Insurance?

Do You Really Need Private Mortgage Insurance?

Nobody likes paying for private mortgage insurance but unfortunately it’s a necessary evil if you’re financing more than 80% of the value of your home. The good news is that you may be able to take advantage of a little known trick that could save you some extra money on your total mortgage payment. What’s this trick? […]

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Why Subprime Mortgages Are Better Under Dodd-Frank

Why Subprime Mortgages Are Better Under Dodd-Frank

Subprime mortgages are coming back, slowly but surely. But while subprime loans remain an expensive form of financing there’s an argument to be made that today’s subprime mortgages are objectively better than the toxic loan products which were too common between 2000 and 2008. While it may come as a surprise, subprime loans are allowed […]

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Why Subprime Mortgages Are Back

Why Subprime Mortgages Are Back

Subprime mortgages – once the bad boys of real estate lending – are coming back. Figures from the Federal Reserve Bank of St. Louis show that between 2007 and the start of 2013 subprime mortgages fell off the radar for most banks but now they have begun to make a significant comeback. What happened to […]

Posted in: News