Rapid Mortgage Free

Rapid Mortgage Free Launched

admin — Mon, 28 Jan 2008 22:53:38 +0000

In As Little as 3 to 9 Years You Can Be Mortgage Free
and Completely Debt Free, Without Making Traditional
Extra Payments

Get the special limited time offer, free book, and video details below.
See how our powerful software and mortgage management system
could help you eliminate your mortgage much faster.

Turn up your speakers to hear this 1 minute audio introduction

How to stop paying all those un-necessary payments and interest !

If the possibility of a very early mortgage payoff with no extra money excites you, then simply get the details here.

Get Instant Access to Watch The Video +
Get the free downloadable book now.

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You are about to discover how to use "Reverse Compounding to Pay Off Your Mortgage Fast…In As Little As 3 to 9 Years, without spending a dime more each month than you do right now!

When you get our system, you will get instant access to Rapid Mortgage Free Online Training, and our monthly online access to Rapid Mortgage Manager Online Software, and live group support webinars. Get the details now.

Want proof?

Discover how I paid $43,787.49+ to principal in the 2nd year
of my mortgage plan, without increasing my expenses!

And our mortgage will pay off in less than 3 more years! Here is proof:

service@rapidmortgagefree.com

New Homes Sales for 2007 Post Record Decline

admin — Mon, 28 Jan 2008 22:51:30 +0000

The sales of new houses continued to decline in
December according to monthly data jointly released by the U.S. Census
Bureau and the U.S. Department of Housing and Urban Development.

Sales of new one-family houses during December were consummated at a
seasonally adjusted annual rate of…

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Countrywide CEO Waives Massive Severance Package

admin — Mon, 28 Jan 2008 22:51:30 +0000

One of the more colorful characters in the ongoing subprime drama has
given in to pressure and announced that he will forfeit
about $37.5 million in severance pay and perks that were to accompany his
retirement.

Angelo Mozilo, CEO of Countrywide Financial
Corporation was scheduled to receive…

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Existing Home Sales Drop Again

admin — Mon, 28 Jan 2008 22:51:30 +0000

Despite the steadily dropping sales throughout the year, 2007 ended up
with the fifth highest sales of existing homes on record. 5,652,000
existing homes sold during the year but this was 12.8 percent fewer units
than the 6,478,000 sold in 2006.

Lawrence Yun, NAR chief economist, said, “Home sales
remain weak despite improved affordability conditions in many parts of
the country, but we…

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Increased Loan Limts May Be Included In House Bill

admin — Mon, 28 Jan 2008 22:51:29 +0000

Reuter’s news agency was announcing late Thursday morning that the
U.S. economic stimulus package being hammered out in Congress
would include a temporary up tick in the size of loans
that Freddie Mac and Fannie Mae would be allowed to purchase.

Republicans on the Hill have agreed to raise the current loan
limit of $417,000 for a single family home for one year although
there is not yet agreement on how high the limit should go…

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Mortgage Rates at 2.5 Year Low

admin — Mon, 28 Jan 2008 22:51:28 +0000

Mortgage rates continued to fall during the week
ended January 17 according to the results of the Primary Mortgage Market
Survey released by Freddie Mac and, in the case of 30 and 15-year fixed
rate mortgages (FRMs) reached the lowest level since July 2005.

“Refinance applications are up 92% since the
beginning of November and purchase applications are…

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Can Saving PMI Also Save the Economy? Cramer Thinks So

admin — Mon, 28 Jan 2008 22:51:28 +0000

Wall Street has been gyrating as it considers the Bush
Administration’s proposed economic stimulus plan and the Democrat
controlled Congress’s response to it. The plan is largely based on tax
cuts for businesses and small cash rebates to individuals and families
which Washington apparently hopes will be quickly spent rather than saved
or used to pay down debt.

What is clearly missing in the current
proposals is any mention of the terrible state of
housing which started the current economic slide.

There
are a dozen places that the government could plug in and
stimulate the housing/lending industry…

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Fed Slashes Interest Rates

admin — Mon, 28 Jan 2008 22:51:28 +0000

In a nearly unprecedented move the Federal Reserve
early Tuesday cut the Federal discount rate by .75 of a point, the
largest single rate cut in 20 years…

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NAR Chimes in With an Economic Stimulus Wishlist

admin — Mon, 28 Jan 2008 22:51:27 +0000

Now it begins. The President and the Chairman of the Federal Reserve
admitted on Thursday (whether belatedly or not is for others to
determine) that the U.S. economy is taking a header, and yes something
needs to be done about it but, no, we aren’t quite ready yet to announce
exactly what.

Bernanke’s words were hardly out of his mouth before the
National Association of Realtors® (NAR) posted its list
of suggestions.

“We believe that any stimulus package must address housing
issues and increasing the confo
rming loan limits for these two GSEs…”

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MBA Touts Role in Helping Mortgage Borrowers

admin — Mon, 28 Jan 2008 22:51:26 +0000

The Mortgage Bankers Association (MBA) released
information Thursday on the role the mortgage industry
is playing in the current drive to help homeowners who are delinquent on
or struggling with their mortgages.

According to MBA’s data, during the third quarter of 2007 the mortgage
industry worked with borrowers to modify approximately
54,000 loans and established formal repayment plans with an additional
183,000 borrowers. However, foreclosure actions were started on an
estimated 384,000 loans.

Across the board investor-owned homes represented a
significant part of the problem…

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