What bankers really think
Is it getting easier to get a mortgage? Are banks offering underwater borrowers a chance to refinance? The Federal Reserve asked banks across the country to answer some of these questions. Here is what they said.
Posted in Mortgages
Tagged fed survey, lending standards, mortgage, Mortgages
Comments Off on What bankers really think
This is why your rent is higher
Landlords are asking for higher rents, and why not? Fewer rentals are vacant.
Speak up about your foreclosure
Complaints from homeowners who believe they have been victims of illegal foreclosure practices are widespread.
Yet, when millions of borrowers were offered an opportunity to have their foreclosure files reviewed so they could get compensated for the wrongdoing, few accepted the opportunity.
Puzzling, no?
As a result of the robosigning scandal, regulators last year required several mortgage servicers
Posted in Mortgages
Tagged Foreclosure, letter, Mortgages, review
Comments Off on Speak up about your foreclosure
Trump tower falters
Real estate kingpin Donald Trump is feeling the pain of the downturn in the global housing market. Buyers in one of his latest luxury condo/hotel buildings in Toronto began having second thoughts even before the ribbon-cutting ceremony.
Condos in the 65-story Trump International Hotel and Tower start at $2.3 million and hotel condos start at $967,000.
Remember the homebuyer tax credit?
The 2009 first-time homebuyer tax credit didn't help homebuyers.
Posted in Mortgages
Tagged credit, homebuyers, Mortgages, tax
Comments Off on Remember the homebuyer tax credit?
Global housing dominoes
The housing crash is not only slowing the economic recovery in the U.S., but helped spark global financial troubles ...
Short sales in 30 days?
More than four years into the housing crisis, here are new rules to make the short sale process easier and speedier.
Posted in Mortgages
Tagged 30 days, mortgage, Mortgages, short sale
Comments Off on Short sales in 30 days?
Will 2012 mark a recovery?
March brings more signs of seller optimism in the housing market.
Springing forward?
Fits and starts still plague housing, even heading into the spring buying season.
$7B homeowners bailout unused
While millions of homeowners struggle to pay their mortgages, more than $7 billion sits, unused ...
Posted in Mortgages
Tagged Foreclosure, hardest hit fund, help, mortgage, Mortgages
Comments Off on $7B homeowners bailout unused