A new study conducted by Promontory Financial Group revealed that low down payment mortgages with mortgage insurance were much less likely to go into default… Read More »Study Finds Loans With Mortgage Insurance Much Less Likely to Default
Real estate behemoth Zillow went public today to much fanfare. After an original IPO price target of $12-$14, which later rose to $16-$18 before settling… Read More »Shares of Zillow Skyrocket in Nasdaq Debut
Things are looking up in the Golden State. Last quarter, just 56,633 Notices of Default (NoDs) were recorded in the Southland, down 17 percent from… Read More »California Mortgage Defaults Hit Four Year Low
Fifth Third Mortgage Co., a subsidiary of Fifth Third Bank, has a little mortgage promotion going on at the moment. For a “limited time,” customers… Read More »Fifth Third Offering Mortgage Rate Reduction
Call it sick and twisted, but those with the deepest underwater mortgages are slated to receive the most free rent, according to a blog post… Read More »Borrowers With Jumbo Loans Get to Keep Houses Longer
As if falling into foreclosure wasn’t incentive enough to keep up on mortgage payments, now mortgage insurer PMI Group has launched a pilot program that… Read More »Homeowners to Be Rewarded for Making Mortgage Payments
A new study from George Washington University claims reduced FHA loan limits will do little to shake the already rattled mortgage market. The authors noted… Read More »Study: Reduced FHA Loan Limits No Big Deal
You hear it every day. How important your credit score is. And it appears the warnings are very accurate, given the fact that nearly half… Read More »Nearly Half of Mortgages in First Quarter Went to Borrowers with 750+ Credit Scores
