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- NACA - I Am Really Concerned about the Conselor I Had!! I Need Help- Auction is 6-14Forum: NACA Posted By: christyhaz Post Time: 05-24-2012 at 07:12 PM […]
- New Home Sales Increase Over 3% in AprilForum: Real Estate & Property Investing Posted By: Evan Bedard Post Time: 05-24-2012 at 06:11 PM […]
- Negotiating with a 1st who has already shown their hand?Forum: Chase Mortgage - Tell Us Your Chase Story Posted By: walkin Post Time: 05-24-2012 at 05:00 PM […]
- New to all of thisForum: Wells Fargo Home Mortgage Posted By: janie Post Time: 05-24-2012 at 03:18 PM […]
- New here... hardship letter helpForum: Loan Modification Posted By: PAoptimist Post Time: 05-24-2012 at 03:12 PM […]
- Home Values in Regional Markets Have Yet to BottomForum: Real Estate & Property Investing Posted By: Evan Bedard Post Time: 05-24-2012 at 02:43 PM […]
- HARP refinancing with LPMI in OregonForum: HARP Mortgage Loan Program Posted By: SODogLover Post Time: 05-24-2012 at 02:32 PM […]
- Results of Wells Fargo Foreclosure MediationForum: Wells Fargo Home Mortgage Posted By: cosmojinx Post Time: 05-24-2012 at 01:22 PM […]
- Steamline Refinance, Verification of EmploymentForum: FHA Loans, Requirements & Rates Posted By: twojp Post Time: 05-24-2012 at 10:30 AM […]
- Secured loan against paid off house... good credit, income under the tableForum: Home Equity Loan Posted By: entrepreneurguy Post Time: 05-24-2012 at 09:38 AM […]
housing
Calif. Creates Task Force to Probe Mortgage Fraud
(Source: Bloomberg By ALEX VEIGA) – California’s attorney general has formed a new task force to investigate mortgage fraud in the wake of practices that crushed the state’s housing industry and led to a wave of foreclosures.
Student Loans on Taxpayers’ Tab
Source: USA Today) – Government-backed “no-doc” loans given to people with little regard to their ability to repay. Soaring default rates. Taxpayers on the hook for tens of billions of dollars.
Fewer Homeowners Fall Delinquent on Mortgages
May 20 (Source: The Milwaukee Journal Sentinel By Paul Gores) – Fewer homeowners were delinquent on their mortgage loans in the first three months of 2011 than a year ago, a sign the market is recuperating, the Mortgage Bankers Association [...]
Condo Sales Up, Home Sales Level
May 20–PANAMA CITY (Source: The News Herald By Chris Segal) – Home sales leveled out in April with a slight decrease from the previous year’s number, but condo sales increased 42 percent from the same time period last year, according [...]
Pha Audit: That Sinking Sensation
May 20 (Source: The Philadelphia Daily News By Philadelphia Daily News) – LAST AUGUST, a week before former Philadelphia Housing Authority chief Carl Greene disappeared for five days after the revelation that he was facing foreclosure, Housing and Urban Development [...]
Magazine: Las Vegas Men Not ‘Fiscally Fit’
(Source: United Press International) – Men’s Health magazine, based in Pennsylvania, ranked Las Vegas as No. 1 on its list of cities filled with men suffering financial difficulties.
Can Loan Modification Fix Housing?
(Source: Politico By CHRISTOPHER PAPAGIANIS) – The New York state attorney general’s request for information regarding securitization operations of three major Wall Street banks is reigniting an important debate about how best to fix the mortgage market and strengthen our [...]
Citi® Road To Recovery Series In Los Angeles Area Hosts Mortgage Foreclosure Prevention and Client Assistance Event
(Source: Business Wire) – CitiMortgage and Los Angeles Neighborhood Housing Services, a nonprofit leader in the affordable housing field in Los Angeles County, will host a free homeowner assistance event in Torrance for distressed homeowners.
Average rate on 15-year mortgage dips below 4 pct.
(Source: Associated Press/AP Online By JANNA HERRON) NEW YORK – Fixed mortgage rates tumbled this week and the 15-year loan dipped below 4 percent for the first time in three months. Rates followed the yield on U.S. Treasury bonds, which [...]
Mortgage Rates Drop For Third Week In A Row
(Source: The Hartford Courant, Connecticut By Kenneth R. Gosselin) – Mortgage rates dropped for the third consecutive week as the struggling economic recovery kept housing demand weak.
Mortgage Deduction Under Renewed Scrutiny
CHARLOTTE, N.C. (Source: The News & Observer) – There’s a hallowed rule in U.S. housing policy: If you own a home, you get a tax deduction on your mortgage interest.
US’s Geithner: mortgage costs to rise with reform
(Reuters) – U.S. Treasury Secretary Timothy Geithner said on Tuesday that future mortgage costs likely will be “modestly higher” after reforms are completed to the national housing finance system. Testifying before the House Financial Services Committee, Geithner said it will [...]
Amortization is a plan that keeps the end in sight
(Source: By Toni Momberger, San Bernardino County Sun, Calif.) – Amortization, the word, comes from the Latin “mort,” meaning death. It literally means to kill a loan. It commonly means to repay it, combined with interest, over a specified period. [...]
Here’s one idea to spark loans to low-income homebuyers again
(Source:By Tony Pugh, McClatchy Washington Bureau) — When a Boston community development group needed money to expand an innovative lending program that fights area foreclosures, it had high hopes. In less than a year, the Stabilizing Urban Neighborhoods program at [...]
Average 30-Year Mortgage Rises Past 5%
(Source: USA TODAY / by Julie Schmit) – Mortgage rates rose this week to their highest level in 10 months, but the increase isn’t expected to derail strengthening in the battered U.S. housing market.
Home Mortgage Rates Rise Above 5%
(Source: San Jose Mercury News/by Pete Carey)- A strengthening economy has pushed mortgage rates higher than 5 percent for the first time since May, and experts said they’ll likely stay in that range for the rest of this year.
Average rate on 30-year mortgage hits 5.05 pct.
(Source: Associated Press/AP Online By JANNA HERRON) NEW YORK – The average rate on the 30-year mortgage topped 5 percent this week for the first time since April. Higher rates could further hamper the struggling housing market ahead of the [...]
Five Beloved Myths of the Mortgage Market
(Source: NY Times) – America’s mortgage market almost sank the world economy. But rather than rushing to fix it, the government has blown two deadlines for proposals. The ideas are finally due as early as this week from the Treasury, [...]
Latest push for mortgage reform applauded
(Source: By Adam Van Brimmer, Savannah Morning News, Ga.) – The prolonged mortgage crisis that has confronted the U.S. housing industry since 2008 has regulators poised to crack down on loan servicers with a proposed list of new requirements. Federal [...]
Rate on 30-year fixed mortgage rises to 4.74 pct.
(Source: Associated Press/AP Online By JANNA HERRON) – NEW YORK – The average rate on a 30-year fixed mortgage rose slightly this week, following increases in Treasury yields. The average rate rose to 4.74 percent this week from 4.71 percent [...]
Creative financing could return
(Source: By Allison Bruce, Ventura County Star, Calif.) – For those weighing renting or buying a home, the in-between option of a rent-to-own agreement in which a renter eventually plans to buy the home has been missing in this housing [...]
Rate on 30-year fixed mortgage dips to 4.71 pct.
(Source: Associated Press/AP Online By JANNA HERRON) NEW YORK – Rates on fixed mortgages dipped for the second straight week as Treasury yields fell. Freddie Mac said Thursday the average rate on the 30-year mortgage dropped to 4.71 percent this [...]
W.Va. Housing Development Fund loans drop
(Source: By Eric Eyre, The Charleston Gazette, W.Va.) CHARLESTON, W.Va. — Loans administered by the West Virginia Housing Development Fund dropped 45 percent last year compared to recent years, the agency reported this week. Unlike previous years, area mortgage rates [...]
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