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  • Poli How to obtain a mortgage following bankruptcy

    If you have declared bankruptcy in the past, you’ve cleaned the slate and started fresh, but no doubt you’re concerned about how your financial history might follow you. Many people in this position have concerns about their eligibility for securing a mortgage loan, but it is possible. Home ownership is not beyond your reach. Your financial record in the time following your ...

  • We need to remortgage our home but cant find a lender

    My husband and myself have two-and-a-half years left on an interest-only mortgage and, like many others out there, we do not have a repayment fund. My husband is 67 and still in full-time employment. I am 50 and employed full-time as a teacher. So far, owing to my husband's age, we have had no luck on being able to find a company to remortgage with even though we can afford repayments ...

  • Sir Mervyn King criticises government mortgage scheme

    The government's plans to get more people buying new homes has been criticised by the governor of the Bank of England. Sir Mervyn King, who steps down at the end of next month, said the Help to Buy scheme was too close for comfort to the state guaranteeing mortgages, and had no place in the long run. Joe Lynam ...

  • Underwater mortgage Here are the facts

    Home values are going up, and many struggling homeowners are gaining equity in their property. But nearly 14 million U.S. homeowners remain underwater -- with mortgages worth more than their homes.More than 27 percent of U.S. homeowners with a mortgage had negative equity in their homes at the end of 2012, according to a report ...

  • Is Obamas mortgage rescue program working

    Rose Bess was falling behind on her mortgage payments after her marriage broke up in 2011."We had just separated, and I started sliding," she said.So, she was delighted to get a call from Bank of America, which was servicing her mortgage.The bank suggested she apply for a mortgage modification -- a lowered interest rate and a monthly payment she could afford."I thought, 'This ...


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Movie Review

Baxter

Baxter

If the question is, "What do animals think?," then the answer supplied by "Baxter" is, "You don't want to know." The titular canine, whose thoughts provide the voice-over narration to this twisted tale, is a sort of anti-Lassie. While the majority of movie dogs have been sentimental, lovable heroes àla Lassie or Old Yeller, Baxter stands as their complete antithesis, both emotionally and ph ... ...

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  • Phoenix Mortgage broker sentenced in fraud www.privateofficer.com

    Jerry Craig Sr., the former owner of Phoenix-based Spectrum Financial, has pleaded guilty to one count of conspiracy to commit wire fraud for residential deals involving mortgage fraud, straw buyers and lying to lenders. He was sentenced to one year in prison and ordered to pay $2.4 million in restitution to First Fidelity Bank. U.S. District Judge Roslyn O. Silver on Wednesday approved the ...

  • Big mortgage dilemma Home in quick on falling rates or hold back

    Mortgage rates have been falling, but should you lock into a fixed-rate deal nowor wait and see in case rates drop even further?The Government's Funding For Lending scheme, which has provided banks with cheap funds to pass on, has been responsible for the plummeting rates. As a result, the number of people considering a step on to the property ladder has reached a three-year high, ...

  • Mortgage boost for first-time buyers

    First-time buyers can now be more confident of getting a foot on the property ladder (Rich Legg) FIRST-TIME buyers are set to benefit from more competitive mortgage rates over the next six months as banks fight to attract borrowers. The average two-year fixed-rate deal for those with a 10% deposit has tumbled from 5.44% to 4.5% over the past year, according to Moneyfacts, the data ...

  • BoE governor King warns of risks in UK mortgage scheme

    LONDON (Reuters) - A flagship British government scheme to boost mortgage lending must not become permanent like in the United States, outgoing Bank Governor Mervyn King said on Saturday. King's warning follows criticism that the plan will ...

  • Low rates sparking surge in mortgage refinancing

    As mortgage rates descended, David and Marilou Jasinski decided to jump on for the ride. After buying their house in Sussex in 2004 with a 30-year fixed-rate mortgage sporting an interest rate of about 5.5%, they refinanced to a 20-year term in 2011 with a rate a little higher than 4%. In February, they refinanced again, this time for 15 years at 2.5%. The latest refinance, while shaving five ...

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