Foreclosures leap 68% from a year ago even after decline in the rate.
Foreclosure filing came down in November. This was the biggest decline in foreclosure filing since April ’06. The drop was of double digit. The drop is around 10 percent in comparison to the filings in October.
Dropping home prices may become a cause of […]
The central bank is focusing on better regulations to protect the home buyers. This move is to curtail the bad lending system. Federal Reserve has proposed a new set of regulation which will be much stricter on the part of the lenders.
Public comment is possible for 90 days. After review of the comments, the final […]
Federal Reserve is embarking on a new project to protect borrowers from shady lending processes. Federal Reserve means some business here. It wants to protect all the borrowers, even the riskiest ones. This move has come into picture as the housing and credit problems creating a nationwide panic.
Fed may come up with some rules soon […]
You have seen European coming into the market looking for cheap items. That is an old story now. Now they are in look out for a new thing – US houses.
As the US housing market is going through a tough time and correction is going on in the market, so it is like a good […]
The interest rates are rising, foreclosure numbers are moving up in the country, people are selling there home, in such a condition what can you expect? Panic, helplessness, frustration? Yes, they are there, but another fact may surprise you a lot. The mortgage application rates are increasing, yes you have heard it correct, the mortgage […]
