Top 10 Places To Invest In The Home

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At UtahLuxury.com we understand that people want to see beautiful homes. If it isn’t luxurious then it doesn’t belong here. So we put together a list of what features a luxury home in Utah should have. [...]

Can the Federal Reserve Stop a Recession?

By Kalinda Rose Stevenson, PhD

Can the Federal Reserve stop a recession or prevent inflation by its actions? On Tuesday, August 5, the Federal Reserve voted to keep the interest rate for banks unchanged at 2 percent. Although I am by no means an expert on the economy and the role of the Federal [...]

Fannie Mae loses $2.3B in quarter as defaults rise

Fannie Mae is making bold cutbacks that will send shock waves through the mortgage market, after posting a quarterly loss Friday that was three times larger than Wall Street expected.

To slow its financial decline, the mortgage finance giant slashed its dividend to 5 cents a share from 35 cents a share and said it will eliminate loans for borrowers with solid credit scores, but little proof of income or small or no down payments.

The company also is raising its mortgage fees, which will be passed onto borrowers as higher interest rates or closing costs.

With Fannie Mae and its sibling company Freddie Mac becoming more risk-averse, fears are building that mortgage rates will keep climbing, making it harder for people to afford a mortgage or refinance their home, and spur even more foreclosures.

“We are already in that spiral,” said Chris Mayer, real estate professor at Columbia Business School.

How to Pay Off a Mortgage Fast

Author: Ed Lathrop
Probably the longest commitment we ever make in our lifetimes is the 30 years we commit to a mortgage. There isn’t too much we can count on having after 30 years, but unless we sell our houses or hit the lottery, we can be sure we will be paying off our mortgages [...]

How to Increase Your Net Worth by $1,000,000 With a Mortgage!

By Lew Corcoran
Whether you’re renting a house, apartment, condominium, townhouse or even a mobile home, other than affording you shelter, your rent payment is like throwing money out the window every month. There are many reasons owning your own home is significantly more beneficial than renting, though you will seldom hear about or see [...]

About the Donald Trump Success Story - Real Estate Investing

Author: Dr Green

Getting the low down on real estate investing straight from Donald Trump is sure to be an educative experience and it will certainly show you how to succeed enough in this line of business to perhaps even become the next real estate investing tycoon for yourself. In fact, it may actually surprise you [...]

Talisker Acquires The Canyons Resort

June 30, 2008
TORONTO, CANADA - Talisker, based in Toronto and Park City, successfully closed on its acquisition of the The Canyons Resort. Jack Bistricer, the Chairman of Talisker, said in a statement, “We, along with our team in Park City and The Canyons employees, look forward to unlocking the wonderful potential of [...]

Wachovia Quits Offering Risky Mortgage Loan

Beleaguered consumer bank Wachovia Corp. said Monday it will quit offering a mortgage payment option that allows borrowers to pay less each month than the bank charges in interest.

The choice to pay less was one of the options of Wachovia’s controversial Pick-A-Payment mortgages, which offer customers four different payment options each month. Wachovia said it will no longer offer the less-than-full interest payment option on all new home loans.