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Report disputes interest-only mortgage role in mortgage crisis

September 27, 2010

San Diego State University’s Corky McMillin Center for Real Estate has released findings indicating that mortgage loan terms such as interest only payments don’t contribute to the likelihood of a mortgage loan’s success or failure. The study, based on evaluations of mortgage loans in 12 countries, found that the structure of mortgage loans did not [...]

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Should we allow housing markets to hit bottom?

September 21, 2010

The Wall Street Journal confirms what many already know in reporting President Obama’s dilemma for addressing sagging U.S. housing markets. The president, responding to a question during a town hall meeting, indicated that while economists may suggest letting the housing market “find its own bottom,” that his priorities are different, but conflicted.
Although the president suggested [...]

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New York Housing Agency’s Low Mortgage Rates Highlight Opportunities

September 13, 2010

A Long Island New York blog post is reporting that New York’s state housing agency is providing 30-year fixed rate mortgage loans at 4 percent. Although this doesn’t do much for prospective home buyers in the other 49 states, it does illustrate mortgage help options available for first time home buyers through state housing finance [...]

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Credit Card Debt Consolidation News

September 8, 2010

Across American, credit card debt consolidation loans are taking hold. As one tool to repair the economy, the consolidation loan provides a well defined plan of action to get underwater borrowers out of debt. While it is true that one tool alone cannot repair the very damaged economy, many tools together will. Allowing customers seeking debt [...]

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Mortgage Loans: Lending Industry Must Adapt to Economic Changes

September 7, 2010

A recent article in the Washington Post calls out  30-year mortgage loans as no longer viable given today’s volatile economy. Consumers are changing jobs more than their parents and grandparents did, and typically don’t expect to stay with one job or live in one home for the duration of a 30-year mortgage loan.
Arkadi Kuhlmann , President [...]

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3 Tips To Stay Out Of Debt

September 1, 2010

These 3 tips are ideas to help you after you have done your credit card debt consolidation. If you have not yet done your credit card debt consolidation, speak to a debt relief specialist first.
1) Stop carrying the card! One of the biggest mistakes you can make, after you have finally put a plan in place to get out [...]

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