Lendance.com Personal Finance Topics Archive: December 2006
Lawsuit Involve Mortgage Websites: Two mortgage websites are being drawn into a lawsuit over allegations that they do not live up to their advertising. One site has already settled, while the other is ready for a fight.
Added December 1st, 2006 -- Click here to read more!
Mortgage Jobs on the Decline: Many professionals rushed to the mortgage industry in the past few years, riding on the wave of a booming housing market and low rates. But with present market conditions, many of these people are now out of jobs.
Added December 4th, 2006 -- Click here to read more!
Repeat Mortgage Fraud an Issue: Mississippi saw three mortgage fraud cases coming to a close this week. Though mortgage fraud is coming to light more often, these cases involve people that had already committed fraud once.
Added December 5th, 2006 -- Click here to read more!
Refinancing Calls For Lender Comparison: Refinancing a home loan is still on many people’s minds as rates drop and lenders become more competitive. When thinking about refinancing your current mortgage, there are a few things to keep in mind.
Added December 6th, 2006 -- Click here to read more!
Mortgage Applications at Year High: As mortgage rates dropped last week, the number of new mortgage applications rose accordingly. The number of new applications last week was the highest since this past January.
Added December 7th, 2006 -- Click here to read more!
Mortgage Accelerator A Gimmick: Homeowners are now in a position to try and pay off their mortgage debt early. Some may decide to do this by refinancing; others are considering a new mortgage gimmick called an accelerator.
Added December 8th, 2006 -- Click here to read more!
Adjustable Mortgage Needs to be Handled With Care: Most homeowners understand that the best way to get a good deal on a mortgage is to do research. Many of them are also finding out that, when it comes to mortgages, if it sounds too good to be true, it probably is.
Added December 11th, 2006 -- Click here to read more!
Treasury Tightening Mortgage Debt: Fannie Mae and Freddie Mac, the two largest mortgage holders in the US, will be under tighter restrictions when it comes to their new mortgage debt. The Treasury announced they would be regulating the amount of debt held.
Added December 12th, 2006 -- Click here to read more!
Ditech Offers Mortgage Credit Card: Mortgage mogul Ditech has announced a new plan to remain competitive while inciting new business. The lender will offer a rewards credit card, with points going towards the mortgage’s principle.
Added December 13th, 2006 -- Click here to read more!
Mortgage Refinance Can Save Taxes: The mortgage market has been in turmoil for the last year, sometimes at a loss or benefit to the homeowner. But if a homeowner has refinanced, or is thinking of refinancing, there may be a tax break in their future.
Added December 14th, 2006 -- Click here to read more!
Adjustable Mortgages a Growing Concern: Homeowners are starting to watch the market more and more as adjustable rate mortgages are about to come due. Some are confident that they won’t be affected; others are thinking they may soon be in trouble.
Added December 15th, 2006 -- Click here to read more!
Mortgage Rates, Home Values Hinder Buying: As some of the country sees a decrease in median home prices, California remains at the top of a list of places where there has been little relief. The number of people that could buy a home dropped in the third quarter.
Added December 16th, 2006 -- Click here to read more!
Housing Bubble May Not “Burst”: There is much talk this year about the mortgage and real estate bubble bursting. Many economists, however, say it is not so much bursting, as readjusting to a normal level.
Added December 19th, 2006 -- Click here to read more!
Mortgage Offers Relief to Secretive Borrowers: In the early 1990s, limited or no documentation mortgages were a tool for self-employed or small business owners looking for a loan. Nowadays, these loans are being used to cover non-taxed income.
Added December 20th, 2006 -- Click here to read more!
Mortgage Rates Dip Again: Last week, mortgage rates dipped to a 10-month low, making analyst wonder if mortgage applications will go up. Though the holiday season is normally slow for mortgages, the low rates may spur refinances.
Added December 21st, 2006 -- Click here to read more!
Mortgage Still Possible With Bad Credit: Many of those in the mortgage market have less than perfect credit, often times making it hard to get a mortgage. But though a person has bad credit, educating themselves about mortgages may help to get approved.
Added December 22nd, 2006 -- Click here to read more!
Congress Wants to Help Homebuyers: The Democratic party is hoping to use their new pull in Congress to help homebuyers in high cost areas. The program will enable homebuyers to take advantage of regulated mortgage programs usually offered only in low-income areas.
Added December 25th, 2006 -- Click here to read more!
Mortgage Professionals Optimistic About Market: Confidence from within the mortgage market is the highest it has been in over a decade, according to a new report. Mortgage professionals are looking to the future, and they like what they see.
Added December 26th, 2006 -- Click here to read more!
Mortgage Program Finds Lowest Cost: A new computer program can help consumers find the lowest cost for a mortgage. The Web-based platform shops for the best rate as well as the lowest closing costs on a new mortgage.
Added December 27th, 2006 -- Click here to read more!
Mortgage Rates at New Low: Mortgage rates have yet again slipped downward, marking the second lowest point in one year. Rates for fixed and adjustable mortgages saw a decline in the national average rates this week.
Added December 28th, 2006 -- Click here to read more!
Take Care When Deducting Mortgage Interest: Many homeowners look forward to getting a small tax break for owning a home. But some people do not understand that there is caps put on the amount of mortgage interest one can deduct.
Added December 29th, 2006 -- Click here to read more!

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