Click here if you or someone you know is having trouble making the mortgage payments…
Continue Reading
Freddie Mac detailed the guidelines for its version of the Making Home Affordable Foreclosure Alternatives (HAFA) program at the same time fellow government-sponsored enterprise (GSE) Fannie Mae unveiled a similar initiative. To read more, follow the links for Fannie and Freddie on Housing Wire.
Continue Reading
A new report shows 154 of the 206 U.S. metropolitan areas with a population of 200,000 or more posted year-over-year increases in foreclosure activity. The report by RealtyTrac® also showed nine of the 10 metro areas with the highest foreclosure rates experienced declines. Four states—Florida, California, Nevada, and Arizona—accounted for the top 20 metro foreclosure [...]
Continue Reading
New data from the Treasury shows that the redefault rate for the Home Affordable Modification Program (HAMP) is far lower than many critics have projected and well below typical industry averages. According to the July report, the re-default rate (90 or more days past due) for homeowners in permanent modifications for at least six months [...]
Continue Reading
Borrowers face foreclosure after the government assistance program fails to provide help. The Administration’s flagship effort to help people in danger of losing their homes - is falling flat. More than a third of the 1.24 million borrowers who have enrolled in the $75 billion mortgage modification program have dropped out. That exceeds the number [...]
Continue Reading
What you should know about the market: When applying for a home loan, one of the factors lenders consider is the percent of the borrower’s income used for housing expenses, as well as the borrower’s other non-housing related debt. Although this amount can vary by lender, typically lenders consider a housing-and-debt to income ratio of [...]
Continue Reading
Attention delinquent borrowers: If you want to get into the Obama administration’s mortgage modification program, you’d better have your paperwork ready. New Treasury Department guidelines that went into effect on June 1 require loan servicers to verify applicants’ income and financial hardship before placing them into trial modifications. To read the full story, please click [...]
Continue Reading
It’s a bit like guessing how many pennies are in a gallon jug at the state fair, but housing analysts keep trying to count how many foreclosed homes bank and mortgage investors own. To read the full story, please click here
Continue Reading
One of the key attractions of FHA home mortgage financing is going, going, but not quite gone. Sometime this summer, the Federal Housing Administration plans to slash maximum “seller concessions” from 6% of the home price to 3%. Sellers and buyers who move fast can still make the most of it. To read the full [...]
Continue Reading
-
Sold! 3450 Morcom Avenue, Oakland
- A Sprinkler With a Brain
-
Water - Use It Wisely!
-
California Foreclosure freeze - Banks to either renegotiate or give homeowners 90 days notice
-
Sold! 688 Garside Court, San Leandro
-
Jeff Green: Stacey, this is a timely article on the home buyer...
-
Stacey: Hi Jason, The buyer was unable to secure financin...
-
jason: what does "buyer unable to perform" mean?...
-
Betty: I recently came across your blog and have been rea...
-
