The National Association of Realtors wants the almighty Fico score to be revised in light of the ongoing mortgage crisis. Over the past few years,… Read More »Realtor Group Asks That Fico Score be Revised
Roughly 68 percent of Americans think its a good time to buy a home, down from 70 percent in June, according to the third quarter… Read More »Fewer Americans Think Its a Good Time to Buy a Home
By year-end, so-called “mortgage foreclosure rescue” and loan modification firms will be prohibited from collecting fees until homeowners have a written offer from their mortgage… Read More »FTC Bans Advance Fees on Loan Modifications and Other Foreclosure Relief
The residential mortgage loan delinquency rate decreased to a seasonally adjusted 9.13 percent during the third quarter, the Mortgage Bankers Association reported today. It fell… Read More »Mortgage Delinquencies Slow as Foreclosure Starts Climb
Southern California home sales dropped to their lowest level in three years in October, according to DataQuick. A total of 16,744 new and resale homes… Read More »Southern California Home Sales Drop to Three Year Low
Both Wells Fargo and Bank of America, the top two residential mortgage lenders in the nation, have raised minimum credit score requirements on FHA loans,… Read More »Mortgage Lenders Raise Credit Score Requirements on FHA Loans
Wondering just how popular the FHA has become? FHA loans were used to close 38 percent of all home purchase mortgages, including 60 percent of… Read More »Nearly 40 Percent of Purchase Mortgages in 2010 FHA Loans
A pair of BBVA economists don’t believe massive strategic default will occur in the United States. The Spanish bank analysts noted in a research report… Read More »Economists: Massive Strategic Default Won’t Occur
Nearly $140 billion in mortgage debt was paid off by American homeowners between 2008 and the end of 2009, according to a report released today… Read More »$140 Billion in Mortgage Debt Paid Off
Mortgage delinquency “roll rates” peaked in the summer of 2009, a month after the official end of the recession, according to a report from credit… Read More »Mortgage Delinquency Roll Rates Peaked Last Summer
