The Federal Housing Finance Agency (FHFA) released details of a newly revamped Home Affordable Refinance Program (HARP) today, with the main feature being a lack… Read More »Soon Just About Any Underwater Borrower Will Be Able to Refinance
A bipartisan group of 16 Senators urged the Obama administration to remove barriers that have kept underwater homeowners stuck with inflated mortgage rates. In a… Read More »Senators Urge Passage of Underwater Refinance Program
While there are a number of factors that determine what mortgage interest rate you’ll qualify for, assuming you can indeed qualify for a mortgage, perhaps… Read More »A Mediocre Credit Score Will Cost You Big on Your Mortgage
Last week, I argued that the super low mortgage rates could actually be contributing to strategic defaults. The general idea being that the current low… Read More »Will Low Mortgage Rates Hurt Home Sales?
A new analysis from credit rating company Fitch Ratings revealed that a third of prime borrowers are currently underwater on their mortgages. And after everything… Read More »Half of Prime Mortgage Borrowers Will Soon Be Underwater
A new report from Bills.com revealed that 15-year mortgages, not traditional 30-year mortgages, were the most sought after loan type in the third quarter. In… Read More »15-Year Mortgages Now the Most Sought After
A new survey conducted for FICO by the Professional Risk Managers’ International Association (PRMIA) revealed some less-than-pleasant housing news. The hotly anticipated home price recovery… Read More »Most Bankers Don’t See Home Price Recovery Until Beyond 2020
Despite all the doom and gloom that news outfits (myself included) spew out on a weekly basis, things could actually be a lot worse. A… Read More »A Quarter of Homeowners Still Have More Than 50 Percent Equity