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Incentives Prop Up Home Prices Buyers latched onto mortgages with all kinds of exotic teaser rates to be able to afford the soaring home prices that sellers were demanding during the boom years. Confused by all the Mortgage Options? Heres Help (ARA) - Fixed rate. Adjustable rate. Interest Only. Flex. All of the different types of home loans that are available these days can puzzle many homebuyers. But, say mortgage experts, virtually every home loan is one of two types: a fixed rate loan or an adjustable rate loan. Asset-rich flock to reverse mortgages THE number of asset-rich but cash-poor retirees borrowing against the value of their home to finance spending has doubled over the past 18 months. Hazardous Home Loans To Avoid! When choosing a mortgage, be careful to shop around carefully. Otherwise, you may end up with the home loan from Hell! Comment: Hazardous Home Loans To Avoid! One of the most important choices that the average person makes is deciding which home to buy -- and choosing a mortgage to pay for it. New Ginnie Mae Security Could Lower Costs of Reverse Mortgages for Seniors October 18, 2006 – In a move that is expected to expand the reverse mortgage business and provide lower rates for senior citizens, Ginnie Mae, the government owned mortgage-funding company, said yesterday it is creating a new security - a Home Equity Conversion Mortgage Mortgage-Backed Security (HECM MBS) - that will allow Federal Housing Administration (FHA) insured home equity conversion Utah may defer hikes in seniors home tax A group of state legislators is looking to give Utah senior citizens the option of deferring annual increases in residential property taxes until they sell their home or die. Watch What the Fed Watches - Home Builder Bankruptcy Two weeks ago, we u p dated our special on “Watch What the Fed Watches – Banking Sector Update” with a main focus on the potential downgrades of regional banks. This week, the health of banking sector still remains a big concern as a fresh bankruptcy by a home builder deals yet another blow to local banks. Business: Perks may be inflating home prices NEW YORK – Buyers latched onto mortgages with all kinds of exotic teaser rates to be able to afford the soaring home prices that sellers were demanding during the boom years. ... - By VINNEE TONG The Associated Press Rules aim to cut risks on exotic mortgages The federal agencies that regulate mortgage lenders have approved guidelines, which took effect Sept. 29, governing so-called nontraditional mortgages - interest-only and payment-option loans. | ||