Subprime Bonds Return As "Nonprime" Bonds Subprime bonds are back, but, from now on, they will be called nonprime bonds. More and more executives are trying their best to revive the lending market of the subprime bonds, as they believe that millions of people with bad credit are kept out of the mortgage market by the strict federal … [Read more...]
Archives for March 2015
Obama Has Cut FHA Mortgage Insurance Premiums
Obama Has Cut FHA Mortgage Insurance Premiums President Barack Obama announced a major step taken by his administration to make mortgages more accessible and affordable to lower-income buyers. The president targeted the mortgage insurance premiums in his attempt to make homeownership more accessible to low income buyers. This reduction of the … [Read more...]
Now Is A Good Time To Consider Refinancing Your Mortgage
Now Is A Good Time To Consider Refinancing Your Mortgage The increasing home prices, the wave of low mortgage rates and president Obama's decision to lower Federal Housing Administration fees are a clear sign that this is a great time for you to refinance your mortgage. Recently, president Barack Obama said that FHA would drop the annual fees for … [Read more...]