Articles from August 2011



Obama to Consider Refinance Plan for Mortgages

The beleaguered Barack Obama government are considering to back a refinance plan for US home mortgages. Obama to Consider Refinance Plan for Mortgages Official clips – quote – One proposal would allow millions of homeowners with government-backed mortgages to refinance them at today’s lower interest rates, about 4 percent. – more – Administration officials said […]

US Mortgage Rates Hit 50 Year Low

It had to happen as the bottom has dropped out of all the financial markets, now home mortgages hit the floor. US Mortgage Rates Hit 50 Year Low Official Report – quote – That was the lowest in more than 50 years, Freddie Mac said. The average 15-year rate fell to 3.36 percent from 3.5 […]

H&R Block Inc Agree to modify $115 million of home loans

H&R Block Inc  has been beset with allegations that the company’s former Option One subprime lending unit discriminated against thousands of black and Hispanic borrowers. H&R Block Inc Agree to modify $115 million of home loans Now at last they have taken action and addressed these issues – quote – The settlement calls for H&R […]

US Mortgage Rates set for Roller Coaster Ride

The fallout from the miserable way the US government has handled the debt crisis looks likely to effect the housing market and US Mortgage Rates set for Roller Coaster Ride This is because raising the debt ceiling has created a raft of new problems, Wall Street is in free fall this last week. Analysts are […]