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What’s Ahead For Mortgage Rates This Week : April 18, 2011
Mortgage markets improved last week, buoyed by two days of out-sized gains. Mortgage rates bounced off their 8-week highs on much weaker-than-expected inflation data, and debt concerns abroad. It’s an abrupt change in mortgage rate momentum. Since the Federal...
Bill would waive retirement plan withdrawal penalties to buy REOs
by Stuck in CustomsA bill introduced in the U.S. House of Representatives would waive early distribution penalties on certain qualified retirement plans if the funds are used to buy a house that has been in foreclosure for a year or more. Bill Posey (R-Fla.)...
Turn your house into a billboard, get free mortgage
by State Library of New South Wales collectionStartup advertising firm Adzookie has latched on to a high-profile way to publicize itself: by turning homes into massive billboards. In exchange, Adzookie says it will pay the house owner's mortgage every month for...
Ben-Ezra secures favorable ruling in JPMorgan Chase court fight
by The U.S. National ArchivesJPMorgan Chase Bank (JPM: 44.89 -0.18%) failed in its attempt to get a temporary restraining order or an injunction against Ben-Ezra & Katz foreclosure law firm this week. This is the second time in two weeks that Ben-Ezra — which was...
What’s Ahead For Mortgage Rates This Week : April 11, 2011
Mortgage markets worsened last week as energy costs remained high, and jobs data looked strong. The safe haven buying that characterized the March mortgage market has subsided. it’s driving mortgage rates higher. Conforming and FHA mortgage rates rolled back 8...
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