Mortgage insurance stocks remained depressed through the end of 2012 amid lingering uncertainty as to whether they had sufficient capital to absorb losses on delinquent loans originated before the crisis. However, as house prices began to recover, losses started to decline.
All homeowners in America may deduct mortgage interest on their first and second homes.
The universe of mortgage lending has gotten to the point where there is a place in it for everybody.
After I dropped out of college at the age of 19, I became a mortgage broker, and when I went back to school I thought about going into real estate law. I probably would have made a lot more money and died of boredom by now.
Right now we think that rates will stay low, that you'll be able to get a mortgage below seven percent and that's kicked off a refinance boom that's going to put more money in the pockets of consumers.
If the government wants to do social policy, it should not be done in a quasi-public company. If you have a mortgage guarantee company which is done by the U.S. government, it should be guaranteed by the originators, i.e., the shareholder.
A lot of the problems in the mortgage world, people said, were because our competitors were evil. But a lot of it was a lack of technology - bad processes and systems.
People find themselves in ruts all the time. You're in a complacent lifestyle where you work 9 to 5 and then you add a mortgage and kids. You feel trapped, but guess what, brother? You constructed that life. If you're OK with it, there's nothing wrong with that. But if you've got unease, then you've got to make a change.
When the congregation becomes the norm by which sermons are measured, a minister has put a mortgage on his soul.
Unlike other loans, a reverse mortgage doesn't have to be repaid until the borrower moves out of the home or passes away.
I did Broadway shows. And I started realizing that this is actually how I'm going to make my living. So maybe I should try to do television and film and make a better living and get an occasional residual check so I can pay a mortgage someday.
When I first came to L.A., I was plotting out my career choices as if I actually had a choice. Unless you're Brad Pitt, Johnny Depp, impossibly good-looking, or look like a freak, you have to be malleable and open to everything that comes your way because that's what makes it possible to pay your mortgage and eat.
Well, we're just now seeing the reductions in mortgage rates. The mortgage rates are based on the ten-year rate and the Fed controls the overnight or the shorter rates.
Generally, there are three rules when it comes to borrowing money: You need to have good credit, proof of income and cash for a down payment. Most people have the first two, but it's the third that trips them up. And nowhere does that come into play more than the mortgage market.
Consider a 15- or 20-year fixed-rate mortgage instead of a 30-year, if you can afford the monthly payments - they may not be as high as you think.
You don't want to have so much money going toward your mortgage every month that you can't enjoy life or take care of your other financial responsibilities.
You can look at what I did in the Senate. I did introduce legislation to rein in compensation. I looked at ways that the shareholders would have more control over what was going on in that arena. And specifically said to Wall Street, that what they were doing in the mortgage market was bringing our country down.
My family didn't really have newspapers at home or talk about politics - my family are not political. They were too busy getting on with it - working, looking after kids, trying to pay off the mortgage, all that stuff.
Some financial advisers say anyone who may move in less than seven years should not take out a reverse mortgage.
I got a mortgage at 17! I didn't even know you could get a mortgage at 17.
Ignore the annual percentage rate when shopping for a mortgage.
Even if we mortgage the next 100 years of generations of human beings, we would not have enough energy to build a Death Star.
The moment you have children and a mortgage you want things to work; you're locked into the human project and you want it to flourish.
I don't know how it's going for my sisters, but as my 40s and Verizon bills and mortgage payments roll on, I seem to have an ever more recurring 1950s housewife fantasy.
Canadians know that the promise of a recession didn't happen because of anything we did here. If you look at all the causes of the recession, problems in mortgage markets, the problems in the banking sector, the problems in government finance in countries like Greece, none of those problems were in present Canada.
Even the once simple home mortgage now has so many flavors and styles and variations that it is difficult for people to make a decision.
Too-easy credit and millions of bad loans made during the U.S. housing bubble paved the way for the financial calamity and Great Recession that followed. Today, by contrast, credit is too tight. Mortgage loans are particularly hard to get, creating a problem for the housing market and the broader economy.
Preserving the 30-year prepayable fixed-rate mortgage - it's like the bedrock of the housing system - is critical.
When you read that UBS did not even view parts of its mortgage portfolio as having market risk, it becomes very obvious that a number of firms were not dotting the i's and crossing the t's when it comes to risk management.
Using realtime ads, even mortgage companies can create ads that matter to you right now.
Coming up with a ballpark figure on how much you need to pay your expenses, such as your mortgage or rent, insurance, and utilities, is the first place to start when developing your ultimate goal of becoming a multimillionaire.
Refinancing your mortgage usually makes sense if you can lower your interest rate by at least two points. But the most important question to ask yourself is, how long will it take you to break even?
In the first phase of shock over, say, your mortgage being called in or your job washed out, it's essential to engage with others and share the fear, release the feelings, do fun things to take your mind off it.
One lesson I got from Gandhi, 'Be the change you want to see,' haunts me. I just feel like I can't keep stomping around pointing the finger at BP when I am supporting the oil industry with my very own dollars and actions by buying their products, helping to pay their mortgage - plastic is from oil... polyester, shower curtains.
I don't have kids, a mortgage, or a car. That has let me hold out for the jobs I want to do, and to sit in a cold room in the winter with fingerless gloves, writing.
If a gig goes badly, my main worry is, 'Will these people come back?' Because that will affect my ability to pay the mortgage - but nowadays, I don't really mind what happens, as I think if it all goes wrong for real, you still have to go with it.
