Over the past several years, scores of homeowners have elected to ditch their unmanageable mortgages via short sales to avoid foreclosure. It’s estimated that roughly… Read More »Getting a Mortgage After a Short Sale: Tips, Tricks, and Waiting Periods
It’s time for another mortgage match-up, with the latest in the series pitting the lesser known “deed in lieu of foreclosure” vs. the more popular… Read More »Deed in Lieu of Foreclosure vs. Short Sale: Here’s Why They’re Different
There’s been a lot of buzz about the Home Affordable Refinance Program lately. While it has picked up steam in recent months, thanks to the… Read More »HARP May Be Expanded and Extended to Promote Mortgage Refinancing
Here’s an interesting little piece of mortgage news. According to an internal presentation obtained by Bloomberg, top mortgage lender Wells Fargo plans to incentivize loan… Read More »Wells Fargo Shifts Loan Officer Pay to Highlight Mortgage Quality
During the third quarter of 2012, another 100,000 or so homeowners “reached a state of positive equity,” per the latest report from analytics firm CoreLogic.… Read More »Higher Home Prices Push 1.3 Million Mortgage Holders Back Above Water
It appears as if 2012 was a very good year for the housing market, according to the latest CoreLogic MarketPulse report released this morning. The… Read More »Short Sales Increased 23 Percent in 2012 While REOs Plummeted
Well, file this one under “was bound to happen,” or, “was only a matter of time.” A clever guy by the name of Marcus J.… Read More »New Petition Urges Mortgage Re-HARPing
Well, the Consumer Finance Protection Bureau finally released its “Ability to Repay” and “Qualified Mortgage” rules today. At first glance, they look to be pretty… Read More »Ability-to-Repay and Qualified Mortgage Rules Unveiled
Well, the fiscal cliff was averted at the 11th hour, though there are already rumblings of more cliffs to come. I guess things are going… Read More »Mortgage Debt Relief Extended Through 2013
A new Fed study and associated workshop revealed that mortgage lenders continue to offer inflated mortgage rates to consumers, despite ongoing efforts to reduce such… Read More »Mortgage Rates Not as Low as They Could Be
