Archive for February, 2009
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When refinancing, don't confuse no-cost and no-cash mortgagesChicago Daily Herald, ILBy Jack Guttentag | Inman News Service The current refinance boom has focused attention on no-cost mortgages – henceforth NCMs – which have attractive features to refinancing borrowers. NCMs help borrowers avoid being overcharged, and they eliminate …
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Good deals are out there, just not everywhereAtlanta Journal Constitution, USAMortgage refinance: No deal (sort of). It may be a great time to buy a home, but it’s no time to rush into a refinance on the hope of quickly capturing a great rate, Bonis says. Instead, it pays to take your time and do things right. …
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Obama Plans to Help Homeowners RefinanceWall Street JournalHomeowner Aid: Guidelines in President Obama's plan to help struggling homeowners refinance or modify their mortgages are scheduled to be issued Wednesday. Earnings Roundup: Companies posting results include Foot Locker, Blockbuster and …
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Washington Mutual kept mortgage payments kept so low, loan …Dallas Morning News, TXDuring the great American housing bubble, many mortgage loans were made with little attention to borrowers' ability to repay over the long term. One big example, critics say, was Washington Mutual's Option ARM, an adjustable rate mortgage that had …
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