Feb 18 - The Obama administration's housing rescue plan unveiled on Wednesday commits up to $275 billion in funds to help reduce mortgage payments for up to 9 million families and arrest the devastating fall...
Deciding whether to buy a home comes down to your expected returns.
Since July some banks in Beijing have begun raising the percentage of interest to be repaid on mortgages for second home buyers in order to deter purchases on second homes. A person with a guarantee agency in Beijing that helps clients get mortgages, said a 40 percent down payment for second-home...
NEW YORK, July 27 - Rising unemployment continues to make more Americans late on their mortgage payments, a sign that the rate of U.S. personal bankruptcies will keep going up, according to monthly data from...
Hangzhou, the capital of Zhejiang Province, has already started or will soon start strictly enforcing the second-home mortgage policy that requires a minimum down payment of 40% of the total price and an interest rate 10% higher than the base lending rate, according to China Overseas Land & Investment...
Home loans with down payments as low as 10 percent and even zero down payment have appeared in Shenzhen, Guangdong Province, generating fears of a potential subprime mortgage crisis, the China Securities Journal (CSJ) reported yesterday. Many home buyers in Shenzhen have secured loans with very l...
April 28_ - The Obama administration on Tuesday unveiled new incentives to modify and extinguish second-lien mortgages to reduce monthly payments for struggling home owners. Under the so-called "Second Lien Program," payments on second mortgages...
NEW YORK, Feb 12 - U.S. stocks staged a late rally to close mostly higher on Thursday after Reuters reported the Obama administration was working on a program to subsidize mortgage payments for troubled homeowners....
NEW YORK, Aug 20 - Late payments on U.S. mortgages increased to a record in the second quarter, with almost one in eight homeowners delinquent or in the foreclosure process, the Mortgage Bankers Association said...
* Two subsidiaries default on mortgage payments * Board OK's plan to dispose of several properties * Stock jumps 17 percent (Adds New Century as former tenant) NEW YORK, Aug 10 - Maguire Properties Inc,...