So-called “retro appraisals” are the latest tool at the disposal of lawyers looking to fight off foreclosure and obtain a favorable loan modification for their… Read More »Retro Appraisals Latest Foreclosure Defense
A class action lawsuit led by a California homeowner claims Pulte Homes violated state law by manipulating the sale prices of the properties it sold.… Read More »Pulte Accused of Selling Homes at Above Market Values
The number of mortgage defaults filed during the third quarter fell 10.3 percent compared to a quarter earlier, according to real estate information service DataQuick.… Read More »Mortgage Defaults Slow in California
If you thought this year wasn’t going well, you probably won’t be too happy with 2010, assuming you follow the numbers over at the MBA.… Read More »MBA Expects $1.5 Trillion in Mortgage Originations in 2010
Foreclosures have been halted and loans have been modified, even for those underwater, but what about those pesky option arm loans? The WSJ says government… Read More »Is Option Arm Bailout Next?
A new bill introduced by New Jersey Republican Scott Garrett would require FHA borrowers to make at least a five percent minimum down payment. The… Read More »Bill Aims to Increase FHA Down Payment to Five Percent
Mortgage Q&A: “Can I refinance a mortgage with negative equity?” Nowadays, more and more homeowners are finding that their condo or home value isn’t worth… Read More »Can I Refinance a Mortgage With Negative Equity?
Below are some select takeaways from the Federal Reserve’s new report titled, “The 2008 HMDA Data: The Mortgage Market during a Turbulent Year (view here).”… Read More »3,944,602 Home Loan Applications Denied in 2008
