What with surging real estate values in many parts of the U.S., some foreclosed homes are netting more than what the lender is owed on the property.
“Flex Modification” program set to replace HAMP next year
December 19, 2016 by Leave a Comment
The two bodies have just announced a new foreclosure prevention program to replace HAMP, which is set to be introduced sometime next year.
How will the Fed’s latest interest rate hike impact housing?
December 15, 2016 by
The Federal Open Market Committee announced in its highly anticipated December meeting that it is finally raising the federal funds rate for the first time since exactly a year ago.
Purchase loan activity rises despite increased interest rates
December 14, 2016 by
Despite the largest weekly rate increase since 2013, purchase mortgage requests on Zillow have maintained their pre-election activity, indicating that borrowers are moving forward with their plans to purchase amidst the rising interest rates.
HELOC borrowers could soon find their payments increase
December 9, 2016 by
Homeowners who have home equity lines of credit, called HELOCs, could be in for a nasty shock when their monthly payments increase suddenly.
Finance Matters: How to Treat Your Very First Mortgage
December 8, 2016 by
Applying for a mortgage will most likely be one of the biggest financial decisions you ever make. That means it will be prudent to spend quite a bit of time exploring your options so that you can be sure you get the best possible rates
Why the sudden spike in foreclosures last month?
December 5, 2016 by
Foreclosure filings jumped by 27 percent in October 2016 compared to the previous month, having previously hit their lowest level in 129 months in September
What your clients need to know about cash gifts for down payments
December 1, 2016 by
It’s fairly normal for first-time buyers to receive down payment assistance from family members or close friends, but not everyone realizes there are quite strict rules in place that need to be adhered to.
FHA report shows how home ownership could be made more affordable
November 18, 2016 by
The Federal Housing Administration’s newly released actuarial report shows that the Mutual Mortgage Insurance Fund is on a steady financial trajectory
Trump win causes mortgage rates to spike
November 17, 2016 by
Mortgage rates in the U.S. have soared in the week since Republican party candidate Donald Trump surprised the world with his election win, with the benchmark 30-year fixed rate mortgage rate rising to 4.01 percent
