Mortgage application volume increased 2.5% during the week ending April 11, according to the Mortgage Bankers Association's weekly application survey. The MBA's mortgage application index rose to 743.4 from 725.6 the previous week. Refinance volume increased 5.2% during the week, while purchase volume fell 0.8%. Refinance applications accounted for 53.5% of total mortgage applications. The index peaked at 1,856.7 during the week ending May 30, 2003, at the height of the housing boom. An index value of 100 is equal to the application volume on March 16, 1990, the first week the MBA tracked application volume.

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The first serious sign of trouble came last week when House Democrats switched a property-tax cap months in the making with a plan that had not previously been aired, studied or evaluated by fiscal experts.

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WACKO Jacko's Neverland Ranch is going under the hammer at a public auction, and the pop star is selling everything inside it.

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Refinance applications jumped during the first week of 2008, according to a recent weekly survey from the Mortgage Bankers Association.

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PEOPLE saving for their first home are to be given a helping hand by the Federal Government, with tax concessions worth $850 million over four years.

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Many hoteliers in Ghana have come under fire for using the Africa Cup of Nations finals as an excuse to impose massive price hikes.Almost without exception, hotels, lodges and guest houses throughout the country have either doubled or tripled their rates as the big kick off approaches.Read the rest of this entry »

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EARLY exit fees on home loans can cost you thousands of dollars, but they can be avoided.Read the rest of this entry »

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In "the good old days" of Saturday morning television, there were only two programmes to watch.Children who were allowed to tune into ITV saw Tiswas, while those of us in homes where the BBC was our parents' broadcaster of choice settled for Noel Edmonds' Multi-Coloured Swap Shop.Read the rest of this entry »

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A mansion owned by a millionaire "thug" builder jailed for assaults on the homeless has been reduced in price to try to recover his assets.John Gizzi, of St Asaph, Denbighshire, was jailed in January 2006.A judge later ruled he must pay £2.6m under a Proceeds of Crime Order or have his Read the rest of this entry »

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Volume increased 22.5% in latest week, according to Mortgage Bankers Association survey; refinance volume leaps 31.9%.Mortgage application volume rose 22.5 percent during the week ending Nov. 30, according to the Mortgage Bankers Association's weekly application survey.Read the rest of this entry »

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The mortgage finance company will sell $6B in preferred stock priced at $25 a share; preferred shares not convertible to common stock.Read the rest of this entry »

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Freddie Mac's planned sale of $6 billion in special stock to help shore up its battered finances will be closely watched by investors gauging the damage inflicted by the turmoil this year in the credit and housing markets.Read the rest of this entry »

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Existing home sales sank 8 percent last month, to the lowest pace on record, according to the latest reading on the state of the battered real estate market released Wednesday.

Sales of existing homes slowed to an annual pace of 5.04 million in September, compared with a revised 5.48 million sales pace in August, the National Association of Realtors said.Last month's numbers mark the slowest annual pace of sales since the current measure - which includes multiple-family dwellings - began in 1999. It is also the steepest one-month and annual drops on record.Read the rest of this entry »

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Refinancing lenders seems to hold all the cards. They have the money and their own system for determining which type of credit you can qualify for. What lenders don't want you to know is that you can improve your credit rating in a matter of days.

Good Credit Factors

Good credit does not mean perfect credit. People assume a 30 day late payment means poor credit. Not true. You can still have good credit score if you have two 30 day late payments on a credit card or one 30 day late payment on a car loan within the last three years. After three years, the payment history will drop off your credit report.
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Refinancing your mortgage is one way to rebuild your credit, particularly if you have recently declared bankruptcy. With a poor credit history, you can find refinancing through a sub prime lender. To rebuild your credit, make regular payments on your mortgage and other bills. Then after two years, refinance again for lower rates with your now good credit rating.

A Note About Sub Prime Lenders

Sub prime lenders offer B, C, and D credit, which means they offer credit to high risk lenders. For taking on these high-risk loans, sub prime lenders charge slightly higher interest rates and fees.
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