Market’s Wheels Are Slowing Down, Again

Market’s Wheels Are Slowing Down, Again
As markets face an almost certain economic growth slowdown similar to 2002, or the high probability of a double dip, expect bargains in equities during the next few months.
Read more on Minyanville via Yahoo! Finance

Wonkbook: Oil containment threatened; Fannie cracks down; US alone on spending

Wonkbook: Oil containment threatened; Fannie cracks down; US alone on spending
In another example of machines rising up to destroy their human masters, a collision with an underwater robot knocked out the cap BP has siphoning oil from the leaking well in the Gulf. In other news, the US finds itself alone in urging spending rather [...]

Housing crisis to drag down credit scores

Housing crisis to drag down credit scores
Long-term effects could lead to changes in lending industry For countless Americans struggling to make their mortgage payments, the problems have just begun.
Read more on Chicago Tribune

Protecting Your Home Equity in a Down Market

Matthew Sapaula interviews author, attorney and mortgage expert Dave Muti on advice that homeowners/real estate investors can use in a turbulent market. Worried about losing equity in your property? Cash flow tight? House rich, cash poor? Are you using a loan officer or a mortgage planner – big difference! Dave’s advice and tips CAN help [...]

Home equity line of credit: Can I use it for the down payment to buy another house, then sell the first house?

Hello everyone, I need to move to another location. Can I take a home equity line of credit on my existing house to pay for the down payment of a new home, and then sell the first house that I used for the line of credit? Are there any restrictions to do that? Can I [...]

should I pay down my home equity loan or pay off credit cards?

Hi. My home equity loan is an interest only adjustable and I am currently paying something like 7.02 (I have a rate of 1.25 below prime). I also have credit card debt on two cards, but they are fixed at 4.02 and 4.99. I know its usually better to not have the [...]

Housing Trust of Santa Clara County and American Home Equity Partners Host Down Payment Assistance Workshops for First …

Housing Trust of Santa Clara County and American Home Equity Partners Host Down Payment Assistance Workshops for First …
The Housing Trust of Santa Clara County (the Housing Trust), a 501(c)(3) non-profit affordable housing lender, and American Home Equity Partners, LLC (AHEP) are hosting two workshops on new down payment assistance programs, including the Equity Share [...]

FHA Raises Premiums, Down Payments Amid Mortgage Delinquencies

FHA Raises Premiums, Down Payments Amid Mortgage Delinquencies
The cost of a government-guaranteed mortgage will be more expensive for U.S. homebuyers as the Federal Housing Administration raises insurance rates and tightens credit-score rules to combat a rise in delinquencies.
Read more on BusinessWeek

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Should I take out a home-equity line of credit to pay down my mortgage to eliminate PMI?

My husband and I are currently paying PMI (Private Mortgage Insurance) on our mortgage. (We have no second mortgages.) I know we need twenty percent equity in order to eliminate PMI, but I don’t think we’re quite there. Is taking out a home-equity line of credit to pay down the mortage a [...]

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