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Residential, US Real Estate

HAMP Borrowers Facing Hike in Interest Rates

By Allison Halliday | July 16, 2014
During the recent housing crisis, at risk homeowners took advantage of the federal government’s emergency plan to help avoid falling into foreclosure. Unfortunately now many could be facing a new crisis, which is an increase in interest rates. According to the article in aol.com, banks began sending out notices in June, warning of interest rate […]
Featured News, Market Watch

HAMP Program Show Homeowner Defaults Increasing

By Allison Halliday | November 4, 2013
Since the government introduced its Home Affordable Modification Program (HAMP) approximately 1.25 million homeowners have had their loans modified, but worryingly since then 27% have gone on to re-default on these loans. These figures have come from a quarterly report to Congress and were compiled by the Office of the Special Inspector General for the […]
Featured News, US Real Estate

Housing Scorecard Shows We're On The Right Track

By Mike Wheatley | May 15, 2013
Despite the obvious gradual improvements seen in housing markets across the US, the overall recovery remains extremely "fragile", according to a new report. The April Housing Scorecard notes some significant progress in the main indicators of the real estate market, but warns that there is still much to be done.
Real Estate, US Real Estate

Obama Administration Tries To Help Unemployed Homeowners

By Allison Halliday | July 11, 2011
The Obama administration has just announced a new program which is aimed at keeping unemployed homeowners in their own homes.   This new initiative will extend the current allowance of a few months forbearance on mortgages to twelve months. It’s thought that this new scheme could benefit thousands of homeowners, although not everyone will be […]
Real Estate, Residential, US Real Estate

Home Loan Modifications – Genuine Assistance or Just a Big Scam?

By Mike Wheatley | April 14, 2011
Following a year-long investigation into a total of 80 loan modification firms, serious problems within this industry have been reported by the National Fair housing Alliance and other groups that took part in the operation.
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