I’ve brought up the issue of housing affordability several times over the past year, and things don’t appear to be getting any better on that… Read More »Housing Affordability Chalks Biggest Drop Since Second Quarter of 2004
Back in early 2010, the Hardest Hit Fund (HHF) was established by the Treasury to help certain hard-hit states deal with heightened unemployment and foreclosure… Read More »Keep Your Home California Now Considers LTV of 140% or Higher a Financial Hardship
One of the greatest fears adjustable-rate mortgage (ARM) holders have is the risk their interest rate may increase. After all, ARMs come with initial teaser… Read More »Beware: Your Adjustable-Rate Mortgage May Reset Lower
If you were shopping for a mortgage and a bank offered you an extra low rate on a 1-year adjustable-rate mortgage, you’d probably scoff at… Read More »The 1-Year ARM Is Hugely Popular with the Rich Right Now
If you think this year has been slow in mortgage land, don’t ask what next year has in store. A new forecast released by the… Read More »MBA Forecasts $1.2 Trillion in Mortgage Volume in 2014, Down 32% from 2013
I’ve written about the Home Affordable Refinance Program (HARP) on this blog many, many times. Most of the posts have focused on possible extensions and… Read More »HARP 2.1 Is Here! Fannie and Freddie to Use Note Date for Eligibility
In less than a month, Fannie Mae is implementing some tough new mortgage guidelines, including a larger minimum down payment requirement. Come November 16th, 2013,… Read More »Say Goodbye to the 3% Down Payment Mortgage
While it might sound like following in the footsteps of hedge funds, or taking advice from Warren Buffett, who recently said he’d invest in single-family… Read More »Mark Zuckerberg Is Now an Investor in Single-Family Homes
The latest buzzword on the street is “shutdown,” and apart from being buzzworthy, it’s actually very real. National parks are closed and hundreds of thousands… Read More »How the Government Shutdown Affects Various Types of Mortgages
Well, it took 79 years, but the FHA’s squeaky-clean track record is over. FHA Commissioner Carol Galante wrote a letter to Congress formally requesting a… Read More »FHA Bailout Official: Agency Makes Request for $1.7 Billion from Treasury
