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Half-Empty or Half-Full: 50% Homeowners Underwater, 50% Not

By: Myles, July 2nd, 2009

THE “HALF-EMPTY” PERSPECTIVE: It is estimated that more than 50 percent of American homeowners are either in or near a negative equity situation. And if all that is not bad enough, check out the latest news:

 U.S. mortgage applications plunged to a seven-month low last week as demand for home refinancing loans tumbled 30 percent, data […]

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Posted in LTV, Refinance, Residential Real Estate, Historical Perspective, Market Trending | No Comments »

Refinancing, 125% LTV: Deja vu all over again!

By: Myles, July 1st, 2009

Fannie Mae and Freddie Mac to refinance for homeowners with 125% loan to value ratio. YOU READ IT RIGHT …. 
Deja vu all over again!! Read all the details at the Wall Street Journal.

The move lifts current 105% limit to aid more borrowers struggling to make payments.
GSEs to offer new 25 year mortgage for some refinances to accelerate […]

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Posted in LTV, Fannie Mae and Freddie Mac, Fannie Mae | No Comments »