Mortgage-Press, March 10, 2011 – FHA and Jumbo Adjustable Rate Mortgage rates remained steady this week. However, conforming ARM loans dropped slightly. Although mortgage rates were expected to rise, an increase in unemployment claims has held mortgage rates steady. We have researched current ARM mortgage rates to bring you the lowest reported rates available. The [...]
Mortgage-Press, March 10, 2011 — FHA mortgage rates for 30 Year fixed loans and 15 Year fixed loans remained the same this week. FHA ARM 5/1 loans also remained steady this week. Although rates were expected to rise, an increase in unemployment claims has kept rates steady. We researched current FHA mortgage rates to bring [...]
Nomad’s Inc., a travel club founded in 1965, recently filed for chapter 7 bankruptcy. The travel club was the only club in the United States with its own airplane, a Boeing 727. The club filed the petition for bankruptcy in the U.S. Bankruptcy Court in Detroit. Nomad listed the Boeing 727 as their largest asset [...]
Consider the following example: Tom and Becky Sawyer get a divorce. They have no children and Tom and Becky each have identical incomes (Tom is an aspiring riverboat captain and Becky owns a seamstress business). Tom and Becky are joint owners of a 2008 Pontiac GTO which they own outright, and they have $20,000 in [...]
Home values in the United States have plummeted 26.7 percent since peaking in 2006, according to a report released by Zillow.com. The report also sites the hardest-hit cities are Miami-Fort Lauderdale, FL; Detroit, MI; Pheonix, AZ; Riverside, CA: and Orlando, FL, each recording more than a 50% dip since 2006. Zillow estimates that 27% of all [...]