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Home Builders See Signs of Hope
Despite rising foreclosures and weak consumer confidence, the nation's home builders are seeing signs of hope in housing. Home builder confidence rose for the second straight month in November, according to the National Association of Home Builders' monthly sentiment survey, but builders warn it is still far below a positive reading.
Higher Loan Limits for FHA, Amid Higher Risk?
On the same day that independent auditors released a report showing the government mortgage insurer, the FHA, has even less cash reserves now than it did last year to cover potential losses, Congress is readying to vote on a measure that would increase the FHA's market share.
Republican Candidates Give Housing a Short Sale
Shame on the Republican candidates for president. Shame on them for showing up at debate specifically targeting the U.S. economy with not one credible, rational, even reputable notion of what to do about the nation's housing mess.
‘Foreclosure Activity Is Coming Out of a Rain Delay’
After a year of delays and denials in the so-called "robo-signing" foreclosure paperwork scandal, loan servicers and judges alike are putting the process back in place.
Half of US Mortgages Are Effectively Underwater
Over 50 percent of all mortgaged households in the US are effectively underwater — unable to sell for enough to pay the six percent Realtor's fee and put a down payment on a new home, a mortgage analyst says.
Home Prices Under More Pressure
Home prices are highly seasonal, due to the different mix of homes that sell at different times of the year, but the latest reading for September shows home prices are under added pressure now; this is not just due to the high concentration of distressed properties on the market.
Loan Limits a Constant Volley
Sure, Republicans are rallying to slaughter Fannie and Freddie, but they're really the only game in town for the mortgage market.
Challenge Your Foreclosure Now
It's late, and it's limited, but for borrowers who feel their homes were wrongly or inappropriately foreclosed upon in 2009 and 2010, there is now recourse.
Private Investor Says Don’t Enter into Foreclosures Lightly
I thought I would share a response to yesterday's blog on the Obama Administration considering selling Fannie and Freddie's foreclosed properties in bulk to private investors. Rick Sharga used to work, and speak, for RealtyTrac, a well-known foreclosure sale site and tracker. He recently jumped ship to join Carrington Mortgage Holdings, which does everything from asset management to residential mortgage origination, servicing and property management.
Private Investor Says Don’t Enter into Foreclosures Lightly
I thought I would share a response to yesterday's blog on the Obama Administration considering selling Fannie and Freddie's foreclosed properties in bulk to private investors. Rick Sharga used to work, and speak, for RealtyTrac, a well-known foreclosure sale site and tracker. He recently jumped ship to join Carrington Mortgage Holdings, which does everything from asset management to residential mortgage origination, servicing and property management.
