Triple Dip in Housing on the Way
I guess it doesn’t really come as a surprise. For those who watched the housing market surge and quickly unravel over the past decade, a… Read More »Triple Dip in Housing on the Way
October 2011
Soon Just About Any Underwater Borrower Will Be Able to Refinance
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
Senators Urge Passage of Underwater Refinance Program
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
A Mediocre Credit Score Will Cost You Big on Your Mortgage
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
Will Low Mortgage Rates Hurt Home Sales?
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?
Half of Prime Mortgage Borrowers Will Soon Be Underwater
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
Citi Homebuyer’s Advantage Review
If you’re currently shopping for a new home, mortgage financing should be at the top of your to-do list. Quite frankly, it’s next to impossible… Read More »Citi Homebuyer’s Advantage Review
15-Year Mortgages Now the Most Sought After
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
Most Bankers Don’t See Home Price Recovery Until Beyond 2020
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
A Quarter of Homeowners Still Have More Than 50 Percent Equity
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