|
|||||
|
Launched in February 2009, the government’s $75 billion Making Home Affordable Program was started with the mission of strengthening the housing market and the economy. The program offers refinancing and loan modification options to eligible homeowners, helping them stay in their homes. The loan modification option is covered by the Home Affordable Modification Program (HAMP) … Continue reading Affordable Financial Services’ Guide To The Home Affordable Refinance Program (HARP) After rising continuously for five weeks, mortgage rates dropped, though they still remain above the 5% level. According to Freddie Mac’s weekly survey of mortgage rates, 30-year fixed-rate mortgage rates fell to 5.09% for the week ending January 7, 2010 from 5.14% the previous week. The rates on 15-year fixed-rate mortgages declined from 4.54% to … Continue reading Mortgage Rates Fall After a Five-Week Rise NJ NY PA and CT Properties Only! Purchase or Refinance Equity Based Loans, Stated Income or Continue reading Stated Income & No Income Check Loans Are Still Available With Affordable Financial Services The beginning of 2010 has not brought good tidings for the mortgage industry as demand for U.S. mortgages dropped to a six-month low last week. In its Weekly Mortgage Applications Survey, the Mortgage Bankers’ Association found that the volume of mortgage loan applications decreased 22.8 percent on a seasonally adjusted basis for the week ending December … Continue reading Weekly Finance Review Even as some experts hope for a recovery in the financial and housing markets in 2010, a Bloomberg News article today discusses how prime mortgages could be the next to be affected by these crises. According to the article, mortgage defaults among prime borrowers in 2009 are likely to increase in 2010. This is drawn from … Continue reading Prime Borrowers Not Immune to Financial and Housing Crises In a speech on Sunday before the American Economic Association in Atlanta, Federal Reserve Chairman Ben Bernanke said regulatory failure was responsible for the housing and financial crises. While economists continue to debate over the causes, impact and duration of the financial crisis, Bernanke said more stringent regulations for underwriting practices and lenders’ risk management would … Continue reading Is Lack of Regulation To Blame For The Financial Crisis? |
 |
||||
|
Copyright © 2012 Affordable Financial Services Blog - All Rights Reserved |
|||||
Recent Comments