In a bid to perhaps stay relevant, though in the FHA’s own words, to continue “its commitment to fully evaluate borrowers who have experienced periods… Read More »The FHA Is Now Offering Mortgages to Borrowers Just One Year After Foreclosure, Short Sale, or Bankruptcy
This week has been all about Obama, at least on this blog. The President has been making the rounds, visiting multiple locations on the West… Read More »Obama Answered My Question About HARP 3
Yesterday, President Obama gave a speech on homeownership at Desert Vista High School in Phoenix, Arizona, one of the hardest hit cities in the nation.… Read More »The 10 Best Quotes From Obama’s Housing Speech
A new study from credit reporting agency TransUnion revealed some interesting insights about credit card use and mortgage performance. The report titled, “TransUnion Minimum vs.… Read More »Study: Minimum Credit Card Payments Increase Risk of Mortgage Default
Lately, I probably haven’t been winning many friends with my somewhat pessimistic view on the real estate market. A couple weeks back, I warned that… Read More »A Lack of Qualified Buyers Could Hit the Real Estate Market
A new commentary written by Fannie Mae’s Vice President of Applied Economic and Housing Research, Mark Palim, aims to put fears of rising rates to… Read More »Fannie Economist: Rising Mortgage Rates Should Slow Purchases, Not Lower Prices
I’ve discussed the idea of an enhanced Home Affordable Refinance Program (HARP) on several occasions, though nothing has actually materialized. Whether it’s HARP 3.0, #MyRefi,… Read More »Chart: Look How Many Homeowners Could Benefit From HARP 3.0
As competition heats up, banks and lenders will likely ramp up efforts to get their hands on your mortgage, using all types of pitches and… Read More »Don’t Choose a Mortgage Lender for Their Sales Gimmick
During an interview with CNBC this morning, Ara Hovnanian of K. Hovnanian Homes expressed that he’s not worried about higher mortgage rates hurting the housing… Read More »Hovnanian: Higher Mortgage Rates Will Just Lead to Smaller Homes
I feel like I’ve been going on and on about mortgage rates lately, but for good reason. After hovering at or near record lows for… Read More »Look: Mortgage Rates Are Still Historically Cheap
