REAL MONEY Struggling with your Mortgage Payment Due to Unemployment?
Through MHA's Home Affordable Unemployment Program (UP), depending on your situation, your mortgage payments may be reduced to 31 percent of your income or suspended altogether for 12 months or more.
... Posted on 3/8/12 at 11:29 AM
MIDDLE AGED PLAGUE Trickling Economics
Well,gosh Beave.Since everyone else is talking about economics these days, it's time for me to throw my (gorgeous, handknitted) hat in the ring. While I do realize that I'm not a lettered expert in th... Posted on 2/16/12 at 2:28 PM
IN THE BLACK Mind your Mortgage
Mind Your Mortgage by Robert Bernabe is a great resource for both people searching for their first mortgage and people who already have a mortgage. Like he says in the book, most things we purchase th... Posted on 2/4/11 at 8:26 AM
STAFF BLOG CAPITOL CHATTER Second effort to provide mortgage mediation
Gene Sparrow simply cannot find a person at his mortgage-holder's company to discuss problems he has with his monthly payments.
If the Minnesota attorney general's office had not beco... Posted on 1/6/10 at 9:23 PM
When Kelly and Dave Hatlen’s son, Cash, turns 1 on May 5, he will have spent 11 months of his life in the hospital. The Fargo family is the first North Dakota recipient of home mortgage assistance from the nonprofit established in 1997 by Robb and Patsy Keech.
Mortgage giant Fannie Mae is asking the federal government for $7.8 billion in aid to covers its losses in the July-September quarter. The government-controlled company said today that it lost $7.6 billion in the third quarter. Low mortgage rates reduced profits and declining home prices caused more defaults on loans it had guaranteed.
The analysis by the Census Bureau found the homeownership rate fell to 65.1 percent last year. While that level remains the second highest decennial rate, analysts say the U.S. may never return to its mid-decade housing boom peak in which nearly 70 percent of occupied households were owned by their residents.
A Hopkins, Minn., man accused of having a friend punch his pregnant girlfriend to kill the fetus has been sentenced to life in prison with no chance of parole. Dameon Gatson, 25, was charged with first- and second-degree murder and first-degree assault. A jury found him guilty on all charges. Hennepin County prosecutors said Gatson was sentenced Thursday.
A crash between a car and a school bus carrying the Ely High School football team led officials to cancel Friday night’s homecoming game and dance at Onamia High School. The State Patrol said the crash happened on U.S. Highway 169 in Coleraine about 3:30 p.m.
Would it be too much to ask for Sen. Kent Conrad, D-N.D., to just tell the truth?
Why does everything out of Washington have to be so complicated? How can Conrad tell us that he did not know he was getting preferential treatment?
Selling a home isn’t easy in most markets today. To get the typical first-time buyer to bite and submit an offer, a house has to stand apart from the competition — and there’s a lot of it, including foreclosure homes that are selling at hefty discounts.
The Obama administration is expected to expand its mortgage aid program on Thursday, announcing new measures that would help homeowners avoid a blemished credit record even if they don’t qualify for other assistance.
After losing his truck driving job in December and taking a pay cut when he landed a new job, Mark Lambert would love to trim a few hundred dollars off his $1,755 monthly mortgage payment by refinancing to a bargain-basement interest rate.
It's not going to happen.
Even with interest rates at historic lows and billions of new government dollars flowing into the financial system, getting a mortgage today often isn’t as smooth as it used to be. The difference between wishing for and actually getting a great deal on a mortgage can be a few dozen points on a credit score, or a few thousand dollars on an appraisal.
Mortgage rates tumbled to historic lows today after the Federal Reserve’s sudden decision to print $1.2 trillion and pump it into the economy, a move that also triggered warning signs of inflation — a weaker dollar and the highest oil prices of the year.
Jeannine Aversa and Alan Zibel
, March 19, 2009
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