Are you one of the “lucky” ones? Bank of America announced late Friday that it is in the process of mailing roughly 150,000 letters to… Read More »Did Bank of America Offer to Pay Off Your Second Mortgage?
As you’re probably aware, the latest move to boost the economy was another round of quantitative easing, known as QE3. This most recent initiative targets… Read More »Consumers Don’t Care About Low Mortgage Rates Anymore
There’s been a lot of confusion about short sales, especially with regard to how they affect one’s credit score. Plenty of people have recommended them… Read More »Fico Explains Why Short Sales Hurt Your Credit Score
While we’ve certainly been in a good news cycle for the past many months, it wasn’t long ago that things looked really bleak. If you’re… Read More »2011 Was the Worst Year in Mortgage Lending Since 1995
Politics…ugh. Is there anything worse? It’s that time again, when presidential candidates boost rhetoric into overdrive, which sadly has revolved around the nation’s housing problems… Read More »Mitt Romney’s ‘Plan to End the Housing Crisis’
Every week, mortgage financier Freddie Mac comes out with a mortgage rate survey, which reveals the average interest rate (and points) charged by lenders for… Read More »The Problem With Mortgage Rate Surveys
Last Friday, the Federal Housing Finance Agency (FHFA) announced plans to increase guarantee fees (g-fees) on loans sold to Fannie Mae and Freddie Mac. Banks… Read More »Why Your Mortgage May Get More Expensive
Zillow released the second edition of its new Zillow Negative Equity Report today, revealing some interesting statistics about age and underwater borrowers. The company noted… Read More »Are Younger Underwater Homeowners More Responsible Borrowers?
The Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac, has released details of a new program to expedite short sales. The program… Read More »Introducing HAFA II: A Quicker Short Sale Process
In recent years, new words (or jargon really) tied to the ongoing credit and mortgage crisis have found their way into fancy official dictionaries. Just… Read More »The Word ‘Underwater’ Gets New Dictionary Meaning
