Mortgage Re-Default Rates Going from Bad to Worse
The percentage of current and performing mortgages fell from 93.33 percent at the end of the first quarter to 91.47 percent at the end of… Read More »Mortgage Re-Default Rates Going from Bad to Worse
December 2008
Hope Now Touts Record Results, But Does It Matter?
Foreclosure prevention group Hope Now announced today it prevented 208,000 foreclosures in November and 651,000 over the past three months, the highest three-month total since… Read More »Hope Now Touts Record Results, But Does It Matter?
Home Builders Wants Mortgage Rates at 2.9 Percent
The chief executive of the National Association of Home Builders reportedly wants a government program launched to lower interest rates on home loans to 2.9… Read More »Home Builders Wants Mortgage Rates at 2.9 Percent
Many California Sellers Sold Properties at a Loss This Year
Annual home sales are expected to rise 12 percent in California this year and another 12.5 percent in 2009, but much of the increase can… Read More »Many California Sellers Sold Properties at a Loss This Year
IRS Doing Their Part to Ease Mortgage Crisis
The IRS announced yesterday an expedited process aimed at making it easier for struggling homeowners with federal tax liens to get relief. Borrowers with tax… Read More »IRS Doing Their Part to Ease Mortgage Crisis
Survey Shows Fewer Inclined to Purchase a Foreclosed Home
The percentage of U.S. adults who would consider buying a foreclosed home has dropped below 50 percent, according to a survey conducted by Trulia and… Read More »Survey Shows Fewer Inclined to Purchase a Foreclosed Home
SoCal Median Falls Below $300,000
The median price paid for a Southern California home was $285,000 last month, down five percent from October and a record 34.5 percent from November… Read More »SoCal Median Falls Below $300,000
Fannie, Freddie Foreclosure Starts Fall, But Wait
While mortgage delinquencies inevitably continue to rise, foreclosure starts in relation to those figures have fallen, according to the FHFA September Foreclosure Prevention Report released… Read More »Fannie, Freddie Foreclosure Starts Fall, But Wait
BankUnited Victim of Fake Press Release
As if things couldn’t get any worse for BankUnited, its stock trading at a mere 32 cents, its regulator demanding it raise a hefty amount… Read More »BankUnited Victim of Fake Press Release
MortgageIT to Cease Wholesale Lending
MortgageIT, a subsidiary of Deutsche Bank, announced today it will wind down its wholesale lending business in the coming months. The company will cease accepting… Read More »MortgageIT to Cease Wholesale Lending