Demystifying How Mortgages Are Calculated Mortgage Due Dates 101 Cash Out Refinance vs. Rate and Term Refinance Should You Bother Refinancing Your Current Mortgage Rate? 10 Ways to Build Home Equity A Mediocre Credit Score Will Cost You Big on Your Mortgage 6 Things Holding Renters Back From Becoming Homeowners

Demystifying How Mortgages Are Calculated

Calculating a Mortgage Mortgages can be complicated business – fortunately there are a ton of great calculators out there that take the legwork out of ...

Mortgage Due Dates 101

If you recently took out a mortgage, or have been thinking about financing a piece of property, you may be wondering when your mortgage payments ...

Cash Out Refinance vs. Rate and Term ...

It’s time for another mortgage match-up, though this installment is more about distinction than rivalry. If you’re in the market to refinance your current mortgage ...

Should You Bother Refinancing Your Current Mortgage ...

If you don’t mind, let me beat a dead horse. Mortgage rates are at or near record lows and you could save a ton of ...

10 Ways to Build Home Equity

These days, home equity is all the rage. During the housing boom, it was all about tapping into your home equity with a line of ...

A Mediocre Credit Score Will Cost You ...

While there are a number of factors that determine what mortgage rate you’ll qualify for, assuming you can indeed qualify for a mortgage, perhaps the ...

6 Things Holding Renters Back From Becoming ...

A new survey from real estate listing service Trulia revealed that 59 percent of renters aspire to be homeowners, but there are six main issues ...

Latest Posts

NYSE Plans Delisting of New Century Shares

March 13, 2007 No Comments »

Shares of New Century Financial Corp. were suspended Monday after news that creditors had pulled back financing the beleaguered company. As part of an effort to investigate the subprime mortgage lender, the NYSE has begun the delisting process by halting ... Read More »

New Century Bankruptcy Nears as Creditors Halt Financing

March 12, 2007 No Comments »

Shares of Irvine, CA based subprime lender New Century Financial Corp. plummeted on news that all of their secondary creditors had either cut financing or announced their intention to halt financing. New Century Financial Corp. had been late in making ... Read More »

Fastest Growing Cities in the United States

March 10, 2007 No Comments »

BusinessWeek and Zillow.com got together recently to compile a list of the ten fastest growing cities in some of the U.S.’s largest cities. BusinessWeek scoured Zillow’s database of real estate information, taking the neighborhoods in each city that saw the ... Read More »

What Not to Buy: Mortgage Stocks

March 10, 2007 No Comments »

A month after Wall Street battered subprime mortgage companies and the sector as a whole, some investors are beginning at look for bargains at the beleaguered companies who have managed to stay afloat. But the problems we’re seeing are merely ... Read More »

Rumors of a New Century Financial Bankruptcy

March 7, 2007 No Comments »

Shares of subprime mortgage lender New Century Financial dropped 68.87% or $10.09 to end the day at $4.56, the company’s lowest price in roughly five years. The sharp drop was blamed for several reasons, including comments from the company that ... Read More »

Mortgage Default Worries Rise as Adjustable Loans Reset

February 27, 2007 No Comments »

Many investors are anticipating widespread defaults as adjustable-rate mortgages reset to higher interest rates this year. An estimated $600 billion in adjustable rate mortgages, of which two-thirds are subprime, are due to rise as the fixed-rate periods end later this ... Read More »

A List of Mortgage Closures, Mergers and Layoffs

A List of Mortgage Closures, Mergers and Layoffs
February 21, 2007 23 Comments »

So why are all these mortgage companies consolidating, laying off employees, sending out warnings, and going out of business? Well, a recent statistic revealed that 2.33% of all US mortgages are currently delinquent, a number which is sure to rise. ... Read More »

Fremont General Cuts Secondary Subprime Operation

February 14, 2007 No Comments »

Fremont General Corp., a Santa Monica, CA based regional bank and mortgage lender has dropped its secondary subprime lending amid worsening market conditions. The decision came at a time when many other subprime lenders were shutting their doors, and large ... Read More »

Playing the Interest Rate Buydown Game

February 11, 2007 No Comments »

When seeking financing, homeowners often get fixated on a specific mortgage rate, usually something like 5.99% or a similar emotional threshold. But buying down interest rates is more complicated than just an attractive rate or a specific number. Homeowners really ... Read More »

New Century Subprime Shares Plummet

February 10, 2007 No Comments »

Shares of New Century Financial Corp., a subprime lender based in Irvine, CA, fell over 40% in the last two trading days on the New York Stock Exchange to close out at 18.22, well off the 52-week high of 51.97. ... Read More »