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Its Completely Unfair: Mortgage Insurance Double Dipping Prevents Home Owners With Low Equity From Refinancing | AutoTraffic
‘It’s completely unfair’: Mortgage insurance double dipping prevents home owners with low equity from refinancing
Insurers are double dipping on one ... deposit on a $500,000 home pays about $10,000 in LMI, either upfront or as part of the loan. The fact that mortgage insurance is not transferable, in effect, loc... read more
How should the government help homeowners?
From CNN's Jack Cafferty: Home foreclosures ... to help homeowners? Some say that number is on the low side, and this year things may get worse. Efforts to stop or even slow the crisis have failed. Th... read more
Case-Shiller Survey: Home Prices Likely Heading Lower
After the weak performance in the fourth quarter of 2010, home prices nationally are only 1 percent above what would be a new post-housing crash low. "Many more experts are now projecting a double-dip ... read more
From welfare to unfair: how budget savings rate
So it said in its statement accompanying the release in February of the ... with assets of up to $1,145,000, not including the family home. Such a generous means test is one of the main reasons the co... read more
PRINCE GEORGE’S COUNTY, MARYLAND
higher-cost, first lien home mortgage loans (over 70% were for refinances, not purchases, and half of the refinances involved “cash out”) and second lien home equity mortgage loans and lines of credit ... read more
Has the Housing Market Really Hit Bottom, or Is It Headed for Another Collapse?
But the soaring unemployment and rising mortgage rates could lead to a double-dip ... record low 4.78% twice in April after the U.S. Federal Reserve announced its plan to scoff up mortgage backed secu... read more
How Soon Can I Buy a House After Bankruptcy?
It’s not uncommon for homeowners to go through bankruptcy and see their home ... mortgage debt. If it’s truly discharged in the bankruptcy, lenders can essentially disregard the subsequent foreclosure ... read more
Ask the World Bank President
Robert Zoellick, President of the World Bank, and a man who believes that 2009 will be a “dangerous year”, will be speaking on March 31st and has agreed to take questions from Reuters readers. But the ... read more
Investors take fright as violence flares in Greece
Violent protests in Madrid yesterday and Athens today have prompted investors to sell off riskier assets, pushing global equity markets into the red, and dragging the euro further down from its mid-Se... read more
How should social care be paid for?
A poll commissioned by BBC Radio 4's You and Yours programme and BBC Local Radio, shows that 82% of people don't think it's fair to sell their homes to fund care. What would be a fairer system? The su... read more
How the U.S. Housing Market Can Save the U.S. Economy
And they're a major drag on the U.S. recovery – and could end up as a proximate cause, or key catalyst, of the much-feared "double-dip recession ... as Fannie and Freddie help increase the flow of mor... read more
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Confident economy will recover this year?
He doesn't buy the idea that a rebound is imminent; and instead says there's a real chance of a so-called "double-dip" recession - where the economy ... Roubini believes the Fed will keep interest rat... read more
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