Articles About Refinance

The majority of commercial property loans in the United Kingdom are currently in default, according to a study by CB Richard Ellis.  Approximately £200 billion ($327 billion) is required to refinance existing loans secured against £450 billion of properties over the next five to seven years.  Only half of that amount is available, according to […]

Las Vegas may be in the middle of a desert, but right now it’s underwater.  Fully two-thirds of the once fast-growing city’s housing stock is underwater,  meaning that the owners owe more on their mortgages than the home is worth. According to www.zillow.com, borrowers who are underwater totaled 20.4 million at the end of the […]

The Wells Fargo wagon delivered good news to Wall Street when the San Francisco-based bank announced a record first-quarter profit of approximately $3 billion, or 55 percent per common share.  Contrast these numbers with the fourth quarter of 2008, when Wells Fargo reported a $2.6 billion loss. The news sent the Dow Jones Industrial Average […]

What recession? A recent conversation with a friend revealed the unexpected nugget that at least one segment of the credit industry is alive and extremely well. The friend’s mortgage broker daughter is taking a leave of absence from law school to concentrate her energies on processing all the refinance applications coming her way – a […]