Atlanta Investment Properties – Foreclosures Still Plentiful In Georgia



From commercial properties to multi-million dollar mansions down to small 2 bed, 1 bath cottages, it appears that there are still plenty of foreclosures and thus potential investment properties available across metro Atlanta and the entire state of Georgia.

AEI Study Shows How FHA Financing Is Destroying Thousands Of Neighborhoods



According to American Enterprise Institute Fellow, Edward Pinto, the FHA mortgage insurance program is helping to destroy the neighborhoods that FHA is most heavily involved in. A detailed study of FHA lending practices and default rates shows that lower income borrowers and home owners with FHA loans are much more likely to default on their loans.

FHA Delinquencies Surge To Record Levels In 3rd Quarter 2012



For the first 20 years of it’s existence the Federal Housing Administration, created in 1934, enjoyed a delinquency rate of 0.2%. As of September 2012, the delinquency rate has surged to a record 17.3%. Compare that to less than 2% for privately insured mortgage company, MGIC.

US Foreclosure Picture Worsens in August



Confusing signals, that’s what conflicting reports of a real estate market gaining momentum and one headed back into the doldrums are good for. According to RealtyTrac’s August forecolusure report, defaults in the US are on the rise again.

Do Rising Interest Rates In Spain Offer Early Preview Of U.S. Future?



When it comes to the housing market, housing prices, and money for real estate, few things can impact U.S. housing like rising interest rates would. In fact, were it not for the already extreme efforts of the Federal Reserve, interest rates for mortgages in the U.S. would probably be above 6% already.

AEI – How Government Policies Brought Down The Housing Market



Since 2006, housing prices have fallen 30 to 40 percent in most areas; millions now owe more on their mortgages than their houses are worth, and millions more have only slivers of equity. The average homeowner today has 7 percent equity in his or her home, versus 45 percent as recently as 1990.

Diary Of A (Stressed Out) Wells Fargo Borrower In Default



I’ve been working with a family member to help them avoid a foreclosure on their home. This person has owned their home since 2000, and had never been late with a mortgage payment until after the market collapse ended up forcing his employer out of business.

American Enterprise Institute Says NAR Is Ignoring FHA Insolvency



Created by congress during the great depression to help spur the housing market, FHA has become one of the most important institutions ever created to help fund mortgages for home buyers, especially for home buyers who want a home but have very little money to put down.

Banks Ordered to Reimbursh Wrongly Foreclosed Homeowners



The U.S. federal government has ordered 16 of the largest lending institutions to pay back those customers who did not get proper foreclosures.  Among those on the list are Citibank, JPMorgan Chase, Bank of America, and Wells Fargo, the four largest banks in America. This is the governments latest jab at mortgage lenders designed to […]

Settlement May Force Banks to Allow Short Sales



A settlement of a case involving absurdly poor paperwork by banks may force the banks to allow severely delinquent homeowners to find relief through short sales.  In a short sale, the homeowner is allowed to sell the home for less than the amount owned on the loan.  Normally, a short sale requires the permission of […]

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