A total of 248,534 U.S. properties in some stage of foreclosure sold to third parties during the second quarter, an increase of nearly five percent… Read More »Foreclosures Accounted for 24 Percent of Second Quarter Home Sales
It appears as if more recently completed loan modifications are performing better than their predecessors, according to the latest Mortgage Metrics Report from the OCC.… Read More »Loan Modifications Are Getting Better
A new study that compared mortgage products from around the globe found that long-term fixed-rate loans aren’t necessarily the end-all, be-all solution to fix housing.… Read More »30-Year Fixed-Rate Mortgage Comes Under Attack
One third of Americans are “highly unlikely” to qualify for mortgages thanks to their low credit scores, according to a report from Zillow. The company,… Read More »One Third Highly Unlikely to Qualify for Mortgage Thanks to Low Credit Score
A new bill has been introduced in an effort to speed up time-consuming short sale transactions. The legislation, H.R. 6133, also known as “Prompt Decision… Read More »Short Sales May Get Shorter
Since the mortgage crisis has taken hold, I’ve tried to think of all the reasons why everything went so horribly wrong. By now, we know… Read More »‘How to Be a Mortgage Broker’ Most Popular Course in Prison
More than a third (36%) of respondents believe “walking away” from the mortgage is acceptable, according to a Pew Research Center survey released today. Two-in-ten… Read More »More Than a Third Say It’s Okay to Walk Away from Mortgage
The Federal Housing Finance Agency (FHFA) released data yesterday on Fannie Mae and Freddie Mac, comparing credit quality and performance of the loans they acquired… Read More »Mortgages Backed by Fannie/Freddie Far Superior to Private Label
Just a few years after the mortgage crisis swept in, zero down mortgages seem to be making a comeback, according to a piece in the… Read More »Zero Down Mortgages Making a Comeback
In 2006, around the peak of the latest housing boom, roughly one in three homebuyers relied on no money down mortgages to obtain financing, according… Read More »1 in 3 Mortgages Were No Money Down At Height of Boom
