More refi help on the way
Congress needs to remove barriers to allow borrowers to refinance and it must act quickly, says HUD Secretary Shaun Donovan.
BofA’s mortgage giveaway
If your mortgage is owned by Bank of America, you may get a pleasant surprise in the mail in the next few days.
Posted in Mortgages
Tagged Bank of America, letter, mortgage, Mortgages, principal reduction
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Turning point for home prices?
Home prices jumped in 51 percent of metro markets; vacation home sales are rising.
Posted in Mortgages
Tagged home prices, increase, metro markets, Mortgages, Rates, vacation
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Pants on fire, but not burned
Should we allow banks to file fraudulent documents in court to keep our economy afloat?
Posted in Mortgages
Tagged Foreclosure, Mortgages, robosigning
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Boomers to swamp housing market?
As baby boomers downsize, will they flood the market with homes for sale?
Give up newborn for a loan?
Companies can't force parents to give up maternity leave in order to obtain a mortgage loan. Obvious no? Not to this company.
Posted in Mortgages
Tagged Insurance, maternity leave, mortgage, Mortgages
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Terrible jobs report
The jobs report for April was disappointing, at best. The silver lining: it will help keep mortgage rates at or near record lows this week.
Fix housing: Kick out your kids
The increased number of young adults moving in with Mom and Dad is hampering a housing recovery.
Posted in Mortgages
Tagged housing, Mortgages, new households, parents, young adults
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The forgiveness brawl
Fannie Mae could have saved taxpayers "significant amounts of money" if it had implemented a loan forgiveness program in 2010, according to internal documents obtained by democratic lawmakers.
Homeownership hits new low
Despite low mortgage rates and home prices, the first quarter of this year saw the rate of homeownership fall ...