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
Well, another year has passed, and unlike previous years, 2012 was a fairly decent year for the housing market. After all, 30-year fixed mortgage rates… Read More »10 Predictions for Mortgage and Housing in 2013
There’s been a lot of hubbub lately regarding the FHA, its seemingly high-risk lending, and its dwindling insurance fund (that would eventually be taxpayers’ problem).… Read More »FHA Goes Easy on Borrowers with Soft Changes
Here’s a little nugget of potentially good news that may materialize out of the fiscal cliff. The Treasury Department is reportedly floating a new initiative,… Read More »Fiscal Cliff Deal May Include Loan Modifications for Non-Agency Mortgages
Bank of America CEO Brian Moynihan got down to brass tacks today. Well, sort of. As much as the CEO of one of the world’s… Read More »BofA Boss: Not Everyone Should Own a Home
