Mortgages

College Loans Hurt Potential First-time Homebuyers

Outstanding student loans in the U.S. are now close to $1 trillion, this  according to the latest report of Bloomberg. “As outstanding student debt approaches $1 trillion, it’s one more reason record-low interest rates aren’t doing more to boost housing,” said Bob Willis of Bloomberg. In a press statement, William E. Brewer, Jr., president of …

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About 50,000 Maryland Homes have been Foreclosed Since 2006

Based on the data of CoreLogic – a leading provider of real estate information and analytics, close  to 50,000 homes in Maryland have been foreclosed since 2006. Since January 2006 – the last days of the U.S. housing bubble, about 49, 600 homes in Maryland have been foreclosed by banks or mortgage servicers. This means …

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From the Ashes of “House of Cards Collapsed”

During his recent State of the Union address, President Obama said these are  the facts: “In 2008, the house of cards collapsed. We learned that mortgages had been sold to people who couldn’t afford or understand them.” President Obama proposed a plan that would give responsible homeowners an opportunity to refinance their mortgages. As mortgage …

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