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 […]
New “covered bond” concept to help U.S. mortgage marketTreasury Secretary Henry Paulson unveiled guidelines for “covered bond” which are issued by the banks. These bonds are issued to finance home mortgages. Four big U.S. lenders - Citi (C, Fortune 500), Bank of America (BAC, Fortune 500), JPMorgan Chase (JPM, Fortune 500) and Wells Fargo (WFC, […]
New York has in its tally one of the highest numbers of foreclosures and also highest numbers of sub prime mortgage fraud.A recent investigation revealed that scammer defrauded homeowners and lenders in the state taking advantage of the loopholes in the lending laws of the state. The fraud has happened everywhere in the state.
According to […]
