It looks like getting a free quote online is the new standard for shopping for the new house. As more and more people in the US get access to the internet at home, work, or otherwise, the rate of people shopping for quotes online is increasing.
The trend appears to show that even though internet access […]

If appears that even financial titans are starting to feel the crunch of the mortgage crisis. UBS has stated that it will report losses of 515-680 million dollars in the Third Qtr. These losses are directly tied to the US mortgage meltdown and credit crunch that has taken place due to the subprime mortgage collapse.
If […]

Moody’s released a study showing that only a small percentage, 1%, of subprime mortgage holders were being offered a discounted or adjusted rate in light of the credit crunch this year. This means that banks are doing whatever it takes to avoid helping homeowners not default on their loans. Now why would a bank not […]

By the end of 2008 it is estimated that another 1.5 to 2 million foreclosures will occur. The effect of a housing disaster like that will be felt in every corner of the economy and every income bracket from the poorest to the Forbes 400. So, with everyone on board for this upcoming recession, you […]

The 30 yr fixed rate mortgage fell to 6.33%, which makes it the lowest it has been since Sept 13th. Mortgage rates have remained steady despite a rise a couple months ago and are still in the range they were back in May.
Also, 15 yr fixed fell to 5.99 and 5 yr adjustable fell to […]

Where does the line between what is morally correct and what is profitable begin? Currently, we are in the middle of a major loan crisis created by a lack of moral and ethical guidelines in the lender industry. This crisis was created by several different factors, but the most obvious of these factors are:

Mortgages were […]