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Mortgage News
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Lawmakers set new mortgage bankruptcy bill (Reuters) Reuters - Legislation designed to stem foreclosures by allowing bankruptcy judges to erase some mortgage debt will be introduced by Congressional Democrats on Tuesday, and hopes are high that it will pass after a similar plan failed last year. NY Fed begins purchasing mortgage securities (AP) AP - The Federal Reserve Bank of New York said Monday it has begun purchasing mortgage-backed securities in an effort to bolster the battered housing market. As Vacant Office Space Grows, So Does Lenders’ Crisis Rising vacancy rates across the country could make it hard for building owners to pay their mortgages. Estate Planning in a Down Market (BusinessWeek Online) BusinessWeek Online - When times are tough, people tend to hold on to what they have that much more tightly. But for those who can get beyond that psychological response, there's a silver lining in today's combination of depressed asset values and low interest rates: Transferring assets to the next generation has rarely been less costly. Market calls for creativity, quick thinking Real Estate Connect Speaker Profile: Jacky Teplitzky read more Real estate 'Car-Lot Syndrome' Essay: Roadmap to Recovery read more In the Region: All the Home’s a Stage A home manager is essentially a live-in stager, as well as a caretaker and cleaner extraordinaire who helps sell a vacant property. Mortgages: An Erratic Year for Mortgage Rates When it comes to mortgage rates, 2008 may be remembered as the year the market went haywire. Big Deal: Signs of a Silver Lining Nimble buyers have begun to take advantage of the faltering real estate market. Private equity group buying IndyMac assets (Reuters) Reuters - The assets of failed U.S. mortgage lender IndyMac are being bought by a group of private equity and hedge fund firms, including Dune Capital Management and J.C. Flowers & Co, which are putting up $1.3 billion in cash. Mortgage Loan Counselor.com | Mortgages | |
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