Mortgages Harder Than Ever to Obtain

Mortgages have become notoriously difficult to obtain, even among some of the most creditworthy borrowers, and lending standards are unlikely to be eased any time soon, according to Federal Reserve Chairman Ben Bernanke.

Canadian Real Estate Benefits From US Federal Reserve Policy

Although the Canadian property market was affected by the global financial crisis, house prices didn’t crash, and have now resumed their steady decade-long climb. With US interest rates at a 60 year historic low, the bank of Canada has been forced to keep its interest rates at an even lower level. When you combine these

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Bernanke Admits Policy Failure, Then Asks For More Of The Same

In today’s report to congress, I could not help but notice two things. First, Fed Chairman Ben Bernanke was essentially admitting that his program to solve our economic problems with more spending is not working out very well. And it was painfully obvious that some if not most of the congressmen/women on the panel had

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Obama Planning Expansion of Home Affordable Refinance Program

More homeowners will be able to make the most of current low interest rates, after the Obama administration announced plans to expand the two-year old Home Affordable Refinance Program. Addressing a joint session in Congress last week, President Obama said that the government would do everything it could to assist “responsible homeowners” in refinancing their

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Bernanke Refuses To Flush Toilet, Economy Begins To Really Stink

It’s been a long hot summer. Employment is barely growing; residential housing prices continue to erode because of too many foreclosures and too few buyers; Commercial Real Estate headed south as delinquent mortgages reached an all time high in July; AIG has had enough with the endless stream of losses on MBS’s and is now

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Government Plans To Rent Out Foreclosed Homes

The government is investigating new plans to try and limit the number of foreclosures going onto the market in an effort to prevent unsold foreclosed homes damaging values even more – by simply renting them all out instead. The Wall Street Journal reported that the Obama administration is currently examining the viability of pulling foreclosed

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Americans Lose Interest in Home Ownership

What with the lowest housing prices in a generation, you would think that anyone in a position to buy a home would jump at the chance. But in fact, as Victoria Pauli concurs, the housing collapse has made many people think twice about home ownership.

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