Newbury Park Woman Faces Eviction After Husband’s Suicide
Posted by admin / Under Mortgage Loan
A woman is packing up her home after being served an eviction notice — a situation that drove her husband to commit suicide. “I lost my husband and it hurts me like hell,” said Oriane Rousseau, whose husband, Norman, took his life Sunday after an eviction notice was placed on their front door. Norman’s death has delayed the eviction but Oriane said it’s difficult for her to stay in the home where he died. “I don’t want this to happen to anybody. This is horrible. I lost my husband. I lose my pets, I lose my house, I lose my...
Published on Friday 18th of May 2012 05:49:38 PM
Freddie Mac: Mortgage Rates Drop (Again) – Thank Greece, Portugal and Spain!
Posted by admin / Under Mortgage Loan
According to Freddie Mac, mortgage rates in the U.S. fell to a record for a third straight week. The average rate for a 30-year fixed loan dropped to 3.79 percent in the week ended today from 3.83 percent. Fannie Mae 30 year current coupons (the rate on Fannie Mae MBS) fell as well, but not to the lowest point in recent months.\ As Europe continues to experience a financial crisis, investors continue to invest in our Treasury market (driving down yields). 30 year mortgage rates follow the 10 year Treasury yield. Greece, Portugal and Spain continue to experience problems with...
Published on Friday 18th of May 2012 05:49:38 PM
Needy States Use Housing Aid Cash to Plug Budgets
Posted by admin / Under Mortgage Loan
Hundreds of millions of dollars meant to provide a little relief to the nation’s struggling homeowners is being diverted to plug state budget gaps. In a budget proposed this week, California joined more than a dozen states that want to help close gaping shortfalls using money paid by the nation’s biggest banks and earmarked for foreclosure prevention, investigations of financial fraud and blunting the ill effects of the housing crisis. California was awarded more than $400 million from the banks, and Gov. Jerry Brown has proposed using the bulk of that sum to pay the state’s debts.
Published on Friday 18th of May 2012 05:49:38 PM
The Mortgage Minute
Posted by admin / Under Mortgage Loan
Bond yields are of 7/32 this morning in early trading. Mortgage rates continue to plummet to almost all time low points. The gift from the European fiasco is the gift that keeps on giving if you are in the market for a mortgage for purchasing or refinancing.
Published on Friday 18th of May 2012 05:49:38 PM
Should I buy this house? (vanity, but important to me!)
Posted by admin / Under Mortgage Loan
Hi, My Dad passed away a few years ago and my Mom, it has recently been determined, needs round the clock care so must go into a nursing home. My father's Grandmother, then single due to her husbands death, bought this home in 1902 (I have the original deed) after having to sell their farm and lived there, renting to boarders to make money. She later saved up to buy another home and rented out rooms there during the Depression, all on her own. When she passed away, each of her daughters were given a home, which they fixed up...
Published on Friday 18th of May 2012 05:49:38 PM
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