Categories for General

Mortgage Applications on the Rise Due to Low Mortgage Rates

March 13, 2009 by 1 Comment

by Robert Hyder As mortgage interest rates continue to hover near historic lows, mortgage applications for both purchases and refinances continue to increase. When housing prices reached their peak in 2005, the housing crisis was not far behind. Increased foreclosure rates in 2006 and 2007 led to an all-out housing crisis by August 2008, prompting... View Article

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Who Owns My Mortgage Loan?

March 11, 2009 by 6 Comments

by Robert Hyder There is a substantial difference between the owner of your mortgage loan and the servicer of your mortgage loan. Finding out exactly who owns your mortgage loan can be a daunting task. Just because you make your monthly mortgage payment to a particular lender doesn’t automatically suggest they are the owner of... View Article

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Bill To Give Bankruptcy Judges More Power Passes House

March 6, 2009 by 2 Comments

by Robert Hyder Yesterday, members of the House voted 234 to 191 in favor of granting bankruptcy judges additional authority to modify mortgages on primary residences. For over 30 years, judges have had this authority on almost all forms of property, including second homes and investment properties, but never before on primary residences. This major... View Article

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The Tax Man Cometh: Top 10 Tax Deductions for Homeowners

March 4, 2009 by 13 Comments

by Robert Hyder “The only difference between a tax man and a taxidermist is that the taxidermist leaves the skin.” These wise words from Mark Twain’s couldn’t be more prudent today, well over 100 years after he penned this infamous quote. Without question, homeownership is an expensive endeavor. For many Americans, this undertaking is their... View Article

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