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 […]
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 […]
Lock in your mortgage rate to save loads
If you find a reasonable mortgage rate just lock in because the mortgage rates are increasing very fast. If you can lock in at a lower rate, then you will be safe from the increasing rates and may ultimately save thousands of dollar.
The scenario during the housing boom […]
The West has seen a sharp drop in home prices.
In the first quarter the U.S. real state market has seen a 7.7% decline in home prices. This is the largest year to year decline since 1982.
The median selling price is $196,300 now. This is a decline of 4.8% in comparison to 2007.
Due to the liquidity […]
