Posts in category "Lending"

I'll Have a 15-Pack of Mac & Cheese and a Mortgage

I'll Have a 15-Pack of Mac & Cheese and a Mortgage
Costco rolled out a full-service mortgage program on Friday, adding an unusual item to its bulk-sales enterprise. The company tested the mortgage program for about a year before its launch last week via its website. The program promises great rates and lower closing costs compared to most lenders. The company partnered with 11 lenders to... Read more »

Under Water, Without a Paddle

Under Water, Without a Paddle
TheĀ  Chicago Tribune yesterday reported that data through June of this year shows that about 1 in every 4 Chicago homeowners is under water on a mortgage, or owes more on their loan than the value of the property. It’s consistent with first-quarter figures, but it’s still a remarkable ratio to see in print. The... Read more »

Experts Predict End of 30-Year Mortgage

The New York Times recently published an article discussing what might happen to the lending market if the government formally elects to shut down Fannie Mae and Freddie Mac in the coming years. The loss of these two government-run lending powerhouses, the article supposes, could signal the end of borrower luxuries like low interest rates,... Read more »
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