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eFinanceDirectory.com is a hub for finding current news about the real estate and mortgage markets. Our goal is to provide you non-biased original articles about the housing and mortgage issues that matter to you most.

Our current focus is on researching the US housing bubble. We update this section daily with original housing market related news articles so please bookmark it and come back often.

Housing & Financial News:

$500 Million Dollar Bailout Extended to US Mortgage Borrowers

Several different U.S. states have, or are set to announce, multi-million dollar bailout plans for mortgage borrowers who are in danger of losing their home. Will the money come from taxpayer pockets?

Bush Announces Five-Year Freeze on ARM Rates

President Bush outlined a private-sector plan this afternoon that will change the rules in the middle of the game. The plan, which borders on illegal, is meant to help struggling borrowers by putting a five-year freeze on interest rates.

September Foreclosures Up Nearly 100 Percent

Foreclosure filings for September increased 100 percent in a year over year comparison. The states of Nevada, Florida, and California posted top foreclosure rates once again.

How to Raise Your Voice Against Inappropriate Loan Approvals

We've all read the stories: people earning $15,000 per year being approved for $720,000 loans, 60 percent of people lying about income on no-documentation loans, and proposed subprime bailout plans that will cost taxpayers millions. The stories can be frustrating, and have left many readers wondering whether or not there is any was to raise a voice against inappropriate loan approvals.

WaMu Makes It Easier To Use Your Home as an ATM

After losing $113 million on home loans in the first quarter of 2007, lending giant Washington Mutual is attempting to boost profits with new all-in-one mortgage product. This unprecedented loan product will make it even easier for people to borrow from equity any time they see fit.

San Francisco Bay Area Home Sales Still Slow

Home sales did not improve in the San Francisco Bay Area of California during the month of May. A real estate tracking service reports that home sales are still at a 12 year low, and experienced double-digit declines in almost every county in the nine-county area.

The Second Great Depression: Interview with Author Warren Brussee

Warren Brussee is the author of several different books. His most recent, The Second Great Depression, examines the current state, as well as the future of our economy. Warren recently sat down with us to share his thoughts on the housing market crash.

5 Home Buying Mistakes That Could Lead to Financial Ruin

The U.S. is in the middle of a severe housing downturn. Stories of foreclosure and financial ruin have dominated the headlines in the last six months. If you are adamant about buying a home, the best thing you can do is learn from the mistakes that others have made.

U.S. Housing Inventory Climbs to Record Level, Home Prices Fall

Recently released housing data indicates housing inventories across the country are swelling out of control. The excess inventory is putting downward pressure on home prices in Los Angeles, Miami, Chicago and many other U.S. cities.

Fewer Home Starts Planned in the San Francisco Bay Area

Builders were already planning to build fewer homes in the San Francisco Bay Area of California than usual, but according to a new forecast released at a builder's conference yesterday, the projection has been downgraded even further.

Today's Featured Articles:

The Perils of House Flipping

Real estate investors were one a rare breed, but in recent years, more and more everyday people have gotten into the business of house flipping. While entrepreneurship is a good thing, many of these wannabe investors are finding themselves saddled with houses they can't sell and looming foreclosures.

Where Home Prices are Falling: City and State Lists

The home price correction is in full swing, according to a newly released home price index. Major cities in California, Florida, Nevada and Arizona have experienced severe double-digit price declines in the last 12 months and other U.S. cities aren't far behind.

Is a Real Estate Offer to Purchase Binding?

Better make sure your mortgage loan is lined up, because once you make that offer on a home you are walking down a path to purchase.

Children and the Stock Market: Pay the Right Price For Your Stock

Kids, it isn't the big bold price that matters when dealing with the stock market - the 'bid,' 'ask,' and 'spread' are what you really care about when buying stock. Feel like we're speaking another language? Don't worry, this article will explain everything!

Democrats Request $200 Million for Home Foreclosure Prevention

Yesterday, Democratic leaders accused the Bush Administration of creating and failing to address the current mortgage crisis. The Democrats demanded that Bush appoint a federal mortgage czar to coordinate a government response. They also asked for $200 million in foreclosure prevention funding and higher portfolio caps for Fannie Mae and Freddie Mac.

What is a Personal Debt Consolidation Loan?

A personal debt consolidation loan is a way of bringing all of your unsecured credit card debt under one loan. The advantages of doing so are myriad. These loans help individuals move from the endless treadmill of paying interest only credit card payments to a personal loan with a term that will help you bring your finances under control.

Finance Tips: New Ways to Get Growth and Income from your Portfolio

Investors looking for a safer return on investments will find options in new dividend-paying growth funds.

Tips for Using the Internet for Getting Mortgage Quotes on Greenville, NC Mortgages

It was only a matter of time before mortgage lending companies began promoting their services online. Today, there are almost too many sources on the Internet to choose from. So how is it that the home refinance borrower in Greenville, North Carolina finds the best place to source their home loan?

How to Extract Equity from your Home: The 3 Rs

Having trouble figuring out how everyone else is squeezing money out of their homes? Here is the scoop on cash-out refinance, reverse mortgages, and relocation!

Foreclosures Increase 80 Percent in Florida, Vultures Circle

A shaky housing market and risky loans have helped to fuel a rise in foreclosures in the state of Florida. Struggling homeowners who are looking for a way out are quickly becoming a target for circling vultures and scam artists. The bad news is that the problem is likely to get much worse before it gets better.

Marin County Housing Data Conflict

According to new data released yesterday, Marin County housing is helping to keep the Bay Area median home price afloat. Ironic, considering the Marin County housing market showed every sign of slowing between December of 05 and December of 06.

Get Multiple Home Mortgage Quotes: A Good Way to Ensure You are Getting a Low Interest Rate

We all were taught the tenets of supply and demand in grade school. Did you know that you were in control? Especially when shopping for mortgage rates. Borrowers can get the best home mortgage loan quote by increasing the amount of lenders competing for your business.

Southern California Home Sales Plummet 34 Percent

According to the latest statistics, Southern California homes are selling at the slowest pace in 12 years. There was a 34.4 percent decline in sales during the month of May compared to the same time last year. Median prices also declined in several SoCal areas including Riverside, San Diego, and Ventura.

Home Equity Loan Comparison: Comparing the Different Types of Home Equity Loans

Home equity loans come in two basic forms: loans and lines of credit. The home equity line of credit or HELOC can be a great tool for those who know how to use it. While a conventional home equity term loan is usually the answer for more general purposes.

Cuomo Expands Home Appraisal Inflation Investigation

New York Attorney General Andrew Cuomo filed suit against the real estate appraisal unit of First American Corp. last week, charging the U.S. title insurer of conspiring with Washington Mutual to inflate appraisal values. On Wednesday, Cuomo expanded the nine-month investigation and issued subpoenas to mortgage giants Freddie Mac and Fannie Mae.

Home Buying: What You Need to Know About Realtor Commission Rates

The traditional 6% commission paid to realtors is becoming less a standard and more a choice.

Creative Financing for Construction of a Home

Property owners have two mainstream ways to finance home construction: combination loan or construction loan. There is also a myriad of creative ways to get the building going.

What 'New Housing Starts' Means For Investors

Housing starts are the number of new homes beginning construction during a given month. The number can give an edge to stock, bond and real estate investors.

Judge's Ruling May Set Dangerous Precedent for Foreclosure Properties

On September 7, 2007, a New Jersey judge allowed a winning bidder to get out of paying for a foreclosure property because 142 dogs and cats were found to be living (or, in some cases, not) in that $2.6 million home. This ruling was out of the ordinary, and may set a dangerous precedent for the future.

Freddie and Fannie Face Off Against Mortgage Borrowers Who Walk Away

Lenders are becoming increasingly frustrated as a growing number of borrowers make the decision to walk-away from mortgage obligations. Freddie Mac and Fannie Mae are so fed up that they've decided to aggressively pursue 'walkaways' and prohibit foreclosed borrowers from getting another mortgage.
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