Mortgage, Real Estate, Residential, US Real Estate

Lower Interest Rates Meaningless For Housing

By Donna S. Robinson | October 10, 2011
Now that we've reached the lowest mortgage interest rates in history, with advertised rates under 4%, you would think that housing is poised for a recovery. You would if you're an economist, or a politician, but not if you are an ordinary member of the struggling middle class. What the politicians, economists and pundits all […]
Mortgage, Real Estate, US Real Estate

Mortgage Activity Increases 63% Year-On-Year in the UK

By Allison Halliday | October 7, 2011
Apparently mortgage activity in the UK picked up last month according to a new survey by valuers Connells, and the number of valuations increased by more than a third compared to August. Overall the number of valuations increased by 11% during the third quarter compared to the second quarter, but when assessed annually the growth […]
Mortgage, Real Estate, US Real Estate

Banks To Face Millions Of Foreclosure Reviews

By Mike Wheatley | October 6, 2011
An estimated 4.5 million foreclosure cases are set to be reviewed involving both current and former homeowners, with banks set to pay compensation to anyone who is found to have been wronged. Eligibility for the foreclosure reviews - which will be executed as part of a new mandate federal regulators have to the country’s banks […]
Featured News, Mortgage, Real Estate, US Real Estate

California Attorney General Pulls Out Of Bank Settlement

By Mike Wheatley | October 3, 2011
California’s Attorney General Kamala Harris has announced she is pulling out of multi-state foreclosure practice negotiations which are currently under way with some of the country’s biggest banks, saying she intends to pursue her own investigations in an attempt to reduce foreclosure numbers and reform bank practices. Harris, in a letter to the committee, said […]
Mortgage, Real Estate, US Real Estate

30-Year Fixed Rates Climb to 3.86%

By Mike Wheatley | September 28, 2011
30-year fixed rate mortgage rates have rebounded, but remain at a lower level than they were last week. Zillow Inc.’s Z +0.75% real-time rate tracker showed that on Tuesday, 30-year fixed rate mortgages had a 3.86% interest rate, slightly up from Thursday’s low of 3.82% but still lower than the 3.92% they were at one week […]
Mortgage, Real Estate, US Real Estate

Forensic Loan Audit Scammers Target Struggling Homeowners

By Mike Wheatley | September 27, 2011
Struggling homeowners are being tricked by scammers into undertaking a forensic loan audit, in the hope that they can secure loan modifications to save their homes from being foreclosed on, reports AOL. A number of organizations which claim to be associated with well known auditors and attorneys have sprung up in the last couple of […]
Mortgage, Real Estate, US Real Estate

Federal Reserve Move May Reduce Interest Rates Further

By Mike Wheatley | September 23, 2011
The Federal Reserve is to try a new strategy in its attempt to reduce business and consumer borrowing costs and encourage economic growth in the U.S., in spite of Republican pleas not to expand its stimulus program any further, reports the New York Times. Last Wednesday the Federal Reserve said that over the next nine […]

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