Fundublog Loans - Everything one needs to know

Oxford Funding (PINKSHEETS: OXFD), the Houston-based company banking its success on repairing damaged loans for homeowners who find themselves in the worst housing crisis since the Great Depression, says a just-released financial report published in Kiplinger’s Personal Finance validates its position that the mortgage mess provides opportunity.
The September issue of Kiplinger’s proclaims, “Today’s market should […]

The good news: Mortgage giant Fannie Mae is taking steps to shore up its finances. The bad news: You’re going to pay for it when you take out a mortgage.
Fannie plays a central role in the market for home mortgages by purchasing loans, securitizing them and selling them to investors. In announcing announcing a $2.3 […]

FirstFed Financial Corp. today reported its second consecutive quarterly loss, a $35.5-million deficit stemming from troubled housing-boom loans that allowed California borrowers to pay initial low monthly payments that caused their loan balances to balloon. The losses totaled $2.60 a share, in line with expectations, and FirstFed stock rose 39 cents, or 4.5%, to $8.97 […]

You’re thinking of refinancing your home in order to pull out some cash and buy an investment property. Naturally, you call the guy you figure knows the most about mortgage financing (me), and learn that the rate today on the refinance will be 6.25, and the rate on the investment property will be 7.0%. These […]

According to Real Estate Wiki (www.realestatewiki.com) a Zestimate is an estimated of fair market value using a proprietary formula by the online website Zillow. It is not an actual appraisal but merely a starting point in determining a home’s value and can therefore not be used for the refinancing of a mortgage loan.
Zillow is an […]

Commercial banks in Armenia and mortgage companies continue to review their mortgage loan programs and are proposing more favorable and longer credit terms for loans to purchase and renovate apartments.
When Armenian banks began offering mortgage loans in 2002 terms for apartment purchases included a 50% up-front deposit, annual interest rates of 18-24% and loan durations […]

Home-mortgage rates rose this week on inflation fears, with the benchmark 30-year, fixed-rate loan soaring more than a quarter percentage point to a national average of 6.63%, its highest level in nearly a year, Freddie Mac said.
“Market concerns about rising inflation, further weakness in the housing market and greater probability that the Federal Reserve will […]

Bank of America Corp. and Wells Fargo & Co., the top mortgage lenders, told Congress they have accelerated the pace of loan modifications to avoid foreclosures amid criticism they are slow to help keep people in their homes.
Both banks added staff and contacted more homeowners to reduce loan rates or to arrange repayment plans to […]

A federal housing bill poised to become law this week is likely to help ease Arizona’s housing-market pain, but a variety of local voices in the industry said it won’t heal the deeper wounds.
Too many residents are neck-deep in unaffordable mortgages for Arizona’s cut of the proposed $300 billion in federal refinancing aid to save […]

General Growth Properties, Inc. (NYSE:GGP) announced today the closing of the first stage of a new secured mortgage loan facility. Loan proceeds of $875 million were utilized to repay all remaining loans maturing in the third quarter of 2008, except for one $73 million property loan which cannot be repaid without a prepayment penalty prior […]