Showing posts from January 4, 2009

Watch Out For "Junk" Mortgage Fees

For most people, buying real estate is an uncommon occurrence. Engaging in real estate transactions just once or twice in a lifetime provides little opportunity to become intimately familiar with the process. There are mountains of paperwork to sign, a confusing new vocabulary to deal with, and a host of fast-talking sales people - from real estate agents to mortgage brokers - who smile, point and tell you where to sign.Somewhere in the mix of elation at purchasing a property and boredom from signing forms, it's easy to lose track of what you're paying for and how much you're spending. Aside from the amount of the mortgage, most of the other expenses get lumped into a category referred to as "closing costs". Paying attention to these costs can help you understand where your money is going and maybe even save you a few hundred dollars. Read on to learn more. Closing Costs: What Are They? The phrase "closing costs" is shorthand for the total cost of sever…

Technical Trade Alerts on Surety & Title Insurance Stocks: PMI, ABK, RDN, MBI, ORI, FAF

Beacon Equity Research announces the release of Trade Alerts covering surety & title insurance stocks: HCP Inc. (NYSE: HCP), Ventas Inc. (NYSE: VTR), Health Care REIT Inc. (NYSE: HCN), Healthcare Realty Trust Inc. (NYSE: HR), Nationwide Health Properties Inc. (NYSE: NHP) and Omega Healthcare Investors Inc. (NYSE: OHI). In the Trade Alert, the author highlights PMI's announcement that Standard & Poor's left unchanged its ratings: "The PMI Group Inc. (PMI) shares soared nearly 20% yesterday to close at $2.70.
PMI, through its subsidiaries, provides a range of financial products for residential mortgages, public finance obligations and asset-backed securities. ... The company recently announced Standard & Poor's (S&P) left unchanged its ratings of the company's primary operating subsidiary PMI Mortgage Insurance Co., as well as PMI Mortgage Insurance Company Ltd. and the holding company's senior and subordinated debt ratings. Although ratings remai…