Archive for the 'mortgages' Category

Big banks are leaving the building when it comes to the mortgage market: In 2007 commercial banks made 74 percent of all mortgages versus half today.


The zero down mortgage is back and it starts in San Francisco with Poppyloan: Need $2 million for a shack but don’t have the money? No problem!


The broke first time home buyer: 66 percent of first time buyers purchase homes with low down payment mortgages.


The return of risky loans: Freddie Mac offering a 3 percent down loan called Home Possible Advantage targeted to cash strapped buyers. FHA loans and interest only loans also permeate market.


Who needs a mortgage? Mortgage applications running near multi-decade lows while mortgage rates fall.


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