Just One in Four Homeowners Survive HAMP
Just over 25 percent of those who applied for mortgage payment relief under the Making Home Affordable Program have succeeded thus far, according to a… Read More »Just One in Four Homeowners Survive HAMP
Just over 25 percent of those who applied for mortgage payment relief under the Making Home Affordable Program have succeeded thus far, according to a… Read More »Just One in Four Homeowners Survive HAMP
Last month, the seasonally adjusted annual rate for FHA loan applications fell to an estimated 1,450,900, the lowest January since 2007, according to the FHA… Read More »FHA Loan Volume Falls as Claims Rise
The National Association of Realtors may have overestimated (by a million or so) the number of existing homes that sold since 2007, according to a… Read More »National Association of Realtors May Have Overstated Home Sales by 20 Percent
The nation’s top mortgage lender has lowered the minimum credit score required for an FHA loan, according to American Banker. Going forward, the bank is… Read More »Wells Fargo Lowers Credit Score Requirement for FHA Loans
The residential mortgage delinquency rate fell to a seasonally adjusted 8.22 percent in the fourth quarter, according to the Mortgage Bankers Association‘s (MBA) National Delinquency… Read More »Mortgage Delinquencies Fall Across the Board
The SEC has sued three top executives from former mortgage lender Indymac, claiming the trio defrauded investors by misrepresenting the company’s finances leading up to… Read More »SEC Sues Former Indymac Executives for Fraud
Government-backed mortgages, including those guaranteed by Fannie Mae, Freddie Mac, and the FHA, are expected to get more expensive in a bid to restore the… Read More »More Expensive Government Mortgages Ahead
Home loans owned by banks and mortgage lenders are up to a third more likely to be renegotiated compared to similar mortgages sold and turned… Read More »Mortgages Owned by Lenders Up to a Third More Likely to be Modified
A slowdown in loan modifications means loan servicers will actually have to begin foreclosing on the many borrowers unable to keep up with their mortgage… Read More »Slowdown in Loan Mods Means Foreclosures Unavoidable
Quicken Loans, which was ranked number one in customer satisfaction in 2010 by J.D. Power, has been accused of fraud and high-pressure selling in a… Read More »Top Rated Mortgage Lender Slammed in Report