Several mortgage groups are calling on the Consumer Financial Protection Bureau to remove its newly released consumer mortgage education tool, the “Rate Checker”
$5K Extra Reward on Offer for HAMP Borrowers
December 8, 2014 by
The government is throwing in more incentives to keep borrowers who modify their loans through the Home Affordable Modification Program current on their mortgages.
New Mortgage Rules Should Loosen Tight Credit Standards
December 3, 2014 by
Fannie Mae and Freddie Mac’s new lending guidelines went into effect Monday, which are expected to help loosen up the tight credit standards that home buyers and refinancers have faced in recent years.
New FHFA Policy Lets Ex-owners Buy Back Foreclosed Homes
December 1, 2014 by
The Federal Housing Finance Agency announced a new policy that will permit some foreclosed home owners to purchase the homes back that they once had lost at fair market value.
Realty Trac: Median Price of Distressed Homes up 18%
November 27, 2014 by
The median price of distressed residential properties, which are those that are either in the foreclosure process or owned by a bank, jumped up by 18 percent year-over-year in October
CAR Applauds FHFA Decision to Conform Loan Limits
November 25, 2014 by
The California Association of Realtors (CAR) has come out in support of the Federal Housing Finance Agency’s decision to keep the 2015 maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac at $417,000
Research Shows It Takes More Than a Decade To Save for a Down Payment
November 10, 2014 by
First-time buyers have a whole lot of saving to do — possibly more than a decade of saving for a home purchase. It can take, on average, 12.5 years for first-time buyers to save a 20 percent down payment
Is Debt The Biggest Barrier To Home Ownership?
November 7, 2014 by
Debt — like student loans and car payments — can create the biggest barrier to home ownership, more so than saving for a down payment, according to a new analysis by RealtyTrac.
More Retirees Fail To Pay Off Their Mortgages
November 6, 2014 by
A new Census Bureau report shows an alarming rate of older households carrying home debt well into retirement, and the amount of debt they’re carrying has risen over recent years.
