Holdings include U.S. Treasuries, Federal National Mortgage Association debt, and Federal Home Loan Mortgage debt.
C. area benefits from the enormous assets of both Fannie Mae and the Federal Home Loan Mortgage.
Ms. Stewart, who previously held senior banking positions at Wachovia Corp. and later was chief executive of Morgan Stanley Private Bank NA, created an acquisition book that flags clients who might be in the market for additional services such as a home mortgage or student loan, as well as those who recently had a bad experience with the bank and need some extra care.
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But the bank is potentially under reserved in the event Fannie Mae ( NYSE:FNM), Freddie Mac (NYSE:FRE), and the Federal Home Loan Banks prevail in forcing significant mortgage loan repurchases.
Your monthly payments for your home equity loan, car loan, or mortgage will include the credit life insurance premiums.
In contrast to a traditional mortgage or home equity loan, borrowers make no loan payments while they live in the house.
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The percentage of 55- to 64-year-olds who report paying on a mortgage or home equity loan has risen from about 49 percent in 1990 to more than 56 percent in 2010.
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College tax credits, tax deductions for charitable contributions, mortgage interest, home equity loan interest, and other popular write offs will likely be reduced or eliminated.
They buy some food at discounted prices through their church, but are proud they have remained current on their mortgage, home-equity loan, insurance and property taxes.
In the United States 69% were homeowners in 2007, with 70% of them carrying some debt on the property, in the form of a mortgage or a home-equity loan.
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Lost is the opportunity for them to leverage their assets by, say, getting a mortgage on a home or a loan on a business, and thus expand economic activity.
Today's announcement by the Fed that it will purchase direct debt obligations of Fannie Mae, Freddie Mac and the Federal Home Loan Banks, and also mortgage backed securities guaranteed by Fannie, Freddie and Ginnie Mae, underscores our support for the housing market.
They can now borrow over 15 or 20 years, deducting the interest if the loan is a second-home mortgage.
Just under 15 million households owned their own home in 2011, either with a mortgage or loan, or outright - down 4%.
Some 64% of households - 14.9 million people - owned their own home in 2011, either with a mortgage or loan, or outright.
Raiffeisen's parent bank, Raiffeisen Zentralbank Oesterreich, for example, is one of the biggest mortgage lenders in Austria, where home-loan rates are often tied to Euribor.
If you need a mortgage to finance your purchase, seek out the services of an overseas mortgage advisor such as Homesgofast.com, which can help you re-mortgage your current home, take out a new loan in your current country or borrow abroad.
On a more positive note, America's Mortgage Bankers Association said on December 3rd that home-loan applications, which are an early indication of demand for housing, surged at the end of November.
BofA has been struggling with a plethora of mortgage-related legal trouble ever since it purchased home loan originator, Countrywide, in 2008.
For insurance purposes, the replacement cost of a home is NOT the market value of the home, its purchase price or the outstanding amount of any mortgage loan.
Many people cut the link between the endowment and their mortgage, making alternative plans to pay off their home loan with other savings, investments, or a tax-free lump sum from their pension.
The housing affordability index (HAI) measures whether a family earning a median income could qualify for a mortgage loan on a median-priced, single-family home.
The amount of the reverse mortgage loan is also determined by the youngest person who owns the home, so a 70-year-old person who is co-owner of a home would lower the amount her 75-year-old spouse would otherwise get.
Because it is secured, a bigger mortgage is a cheaper way of financing home improvements or holidays than an ordinary bank loan.
Real estate agents typically spend much more time with home buyers than mortgage brokers and lenders do, and presumably could issue warnings about risky loan products.
According to the Nationwide, initial mortgage payments on a new loan currently represent about 25% of take-home pay.
At first, the federal mortgage agencies provided useful liquidity, making it easier for people to get a home loan.
Additionally, policies enacted since the financial crisis of 2008 have guaranteed that, for example, virtually every single new home mortgage is being purchased or guaranteed by Fannie Mae and Freddie Mac, and the student loan industry has been nationalized.
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When the mortgage market started taking off a few years ago, the longest term on a home loan was 10 years.
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