Best Places to Buy a Foreclosed Home
If you’re tempted by the idea of scooping up a foreclosed property on the cheap, make sure you do plenty of research beforehand. Especially given… Read More »Best Places to Buy a Foreclosed Home
August 2010
More Than 25% of Refinancers Chose 15-Year Fixed Mortgages
More than a quarter (26%) of those who refinanced between January and June chose a 15-year fixed-rate mortgage, according to CoreLogic data. In 2009, 18.5… Read More »More Than 25% of Refinancers Chose 15-Year Fixed Mortgages
13.97 Percent of Mortgages Late or in Foreclosure
Nearly 14 percent of mortgage loans on one-to-four unit properties were at least one month delinquent or in some stage of foreclosure at the end… Read More »13.97 Percent of Mortgages Late or in Foreclosure
Home Builders: Housing ‘Highly Affordable’
Housing affordability remained near its highest level on record for the sixth consecutive quarter, according to the latest survey from the National Association of Home… Read More »Home Builders: Housing ‘Highly Affordable’
SoCal Home Sales Fall 20 Percent
What a difference a tax credit makes. Southern California home sales plummeted 20.6 percent in July from one month earlier, and were off 21.4 percent… Read More »SoCal Home Sales Fall 20 Percent
Mortgage Delinquencies Fall for Second Straight Quarter
The ratio of borrowers 60 days or more past due on their mortgage fell for the second straight quarter, according to credit bureau TransUnion. The… Read More »Mortgage Delinquencies Fall for Second Straight Quarter
Yield Spread Premiums Banned
The Federal Reserve issued a final rule today that effectively bans yield spread premiums paid to mortgage brokers, along with loan officers employed by depository… Read More »Yield Spread Premiums Banned
Prices Reduced on 25 Percent of Listed Homes
One in four property listings on the market as of August 1 have experienced at least one price reduction, according to real estate search service… Read More »Prices Reduced on 25 Percent of Listed Homes
HUD Emergency Homeowners Loan Program
The Obama Administration today announced more targeted support for homeowners struggling with unemployment who are at risk of losing their homes. The $1 billion initiative,… Read More »HUD Emergency Homeowners Loan Program
FHA Short Refinance Program to Launch Next Month
More relief is on the way for underwater borrowers, assuming mortgage lenders agree to take part in the voluntary program. On September 7, HUD will… Read More »FHA Short Refinance Program to Launch Next Month