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Mortgages

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  • Europe's banks face moment of truth from ECB review

    LONDON/FRANKFURT (Reuters) - The euro zone's 130 biggest banks received the European Central Bank's final verdict on their finances on Thursday after a review aimed at drawing a line under persistent doubts about the health of the region's banking sector.
  • Orlando, Polk, Brevard rank high in housing debt

    Orlando, Polk, Brevard rank high in housing debt
    Central Florida dominated a new list of U.S. metro areas with the greatest share of financially unstable houses worth less than the debt owed on them during the third quarter. Polk County tied with Las Vegas for having the greatest share of debt-laden...

    SFH investors have many options for acquiring new properties

    By Ilyce Glink and Samuel J. Tamkin Q: I have a rental property in Dacula, Georgia. The current value, according to a few different websites, is about $170,000. I'm collecting $1,145 per month in rent. I owe $88,479.67 at 3.125 percent with about 18...

    Tom Reddin: Don't overlook an adjustable-rate mortgage

    Let me start out by saying that I have a bias in favor of fixed mortgages, especially in this time of historically low rates. The logic is this: Why wouldn't you lock in now and enjoy the certainty of a nice low rate for the full life of your mortgage?...

    The Mortgage Professor: Why many good mortgage loans are not being made

    The housing sector today is not providing the economic stimulus we had come to expect during periods of economic recovery. A major reason is that the underwriting rules and practices that determine whether or not an applicant qualifies for a home mortgage...