High Cost Loan Limit Drop Could Hinder Borrowers in 2009
As the New Year gets underway, a number of new laws are in effect, including things like bans on texting while driving.
With regard to mortgage, loan limits have also changed, which could mean big, bad surprises for those looking to refinance or purchase a new home in more expensive areas of the country.
As of January 1, the so-called high-cost conforming loan limit fell roughly 14 percent from $729,750 Read more
27 million ‘could pay less for loans’
Millions of British borrowers with personal loans and credit cards could save money just by asking their lender for a lower interest rate, it has been claimed.
Fool.co.uk says that up to 27 million loan and credit card customers are missing out on potential savings because they think the rates they are offered are ‘set in stone’.
However, one in ten loan and credit card customers have successfully negotiated a lower Read more
Foreclosure Filings Rise for 34th Consecutive Month; Streak Could End
Foreclosure filings were reported on 279,561 U.S. properties in October, a five percent increase from the previous month and a 25 percent increase from the same period a year earlier, RealtyTrac reported today.
However, thanks to recent legislation, foreclosure filings have dropped precipitously in key states, most notably, California.
In the Golden State, overall foreclosure activity was down by double-digit Read more