Here come the 2010 forecasts… Mortgages rates, which hit an all-time low about a month ago, are slated to rise to six percent by the… Read More »Six Percent Mortgage Rates by the End of 2010?
Beginning in 2011 (no, not 2010), consumers will be notified if they receive less favorable terms on their mortgages because of credit imperfections, according to… Read More »Consumers to be Notified When Credit Score Affects Mortgage Rate
A look at loss mitigation and re-default rates via the third quarter 2009 OCC and OTS Mortgage Metrics Report: So-called “home retention acts” (loan modifications,… Read More »Home Retention Acts Up, But Re-Default Rate Awful
The “shadow inventory,” which is the pending supply of homes not included in the official numbers, increased to 1.7 million units as of September, according… Read More »Shadow Inventory Estimated at 1.7 Million Properties
CitiMortgage and CitiFinancial North America announced today a nationwide foreclosure moratorium to allow distressed homeowners to stay put during the holiday season. The 30-day suspension… Read More »Citi Offers Up Foreclosure Moratorium for the Holidays
Amid all the uproar surrounding the Home Affordable Modification Program (HAMP), it was revealed today that Bank of America completed just 98 permanent loan modifications.… Read More »Bank of America Completes Just 98 Permanent Loan Modifications
The Home Affordable Modification Program (HAMP) came under more pressure today after Chase revealed the process has been cumbersome and less successful than its own… Read More »Chase Says Making Loan Mods Permanent a Struggle