Housing Market is a buyer’s market nowNow, if you are a home seller then you need to be weary of the situation. The housing market has become a buyer’s market. The prices are rock-bottom now. Above on that you may have to do lot of repairing chore before you can actually sell your house.
Buyers are […]

According to the Hope Now coalition, it has helped a huge number of mortgage borrowers About 2 million at-risk borrowers were helped by Hope Now coalition, according to their report, to stay at home. They claim to fix almost 192,000 problem loans during July. This is a record for one-month and the numbers are 6% more […]

 Housing fix, in the form of a new law, supposed to help buyers getting affordable loans. But actually happening?  We discussed about the quick fix law passed by congress in February. The economic stimulus plan has not been able to provide much help. The policymakers raised the mortgage guarantee levels of Fannie Mae and Freddie Mac […]

Sales by homeowners increased more than expected in July, as median prices fell 7% from July 2007. But supplies still rise to a record high, pushing prices even lower.
During July, homeowners sold more homes than expected. The price fell 7% in July. The price was affected by the increasing supplies and was pushed lower. Inventory […]

Underwriting control is not able to affect mortgage fraudThe housing market is turbulent and recently govt. has enacted tougher lending standards. So, the normal expectation will be of lowering numbers of fraudulent activities. But the scenario is not as expected.
Even after strict standards, the mortgage fraud is still occurring at a higher number.  According to […]