Refinance Home Loans - AP Business NewsBrief at 10:11 a.m. EDT
AP Business NewsBrief at 10:11 a.m. EDT
CNBC - The proposed overhaul to a 1974 law requiring lenders to give what’s called a “good faith estimate” is aimed at making it simpler for consumers to comparison shop when they buy a house or refinance a mortgage.
A 1930s Loan Rescue Lesson
Washington Post - The act set a maximum interest rate of 5 percent on the mortgages the HOLC made to refinance the old ones it acquired. The spread between this mortgage yield and the cost of HOLC bonds was about 2.5 percent.
Gold hits $1,000 as recession fears grow
The Independent - more than doubled in February as rates on adjustable mortgages rose and property owners were unable to sell or refinance as Even people who want to buy a home now are having trouble getting a mortgage.
HCP to Sell Portfolio for $371 Million
Los Angeles Business Journal - In Los Angeles, the Alabama REIT owns the Sherman Oaks Hospital property and made two first mortgage loans that enabled Centinela Freeman Health System to refinance debt on two hospitals.