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Friday, May 17, 2013 12:21 PM

Are mortgage modification terms worth continuing payments?

Source: Los Angeles Times A high percentage of homeowners who take part in the Home Affordable Modification Program are unable to maintain their loan mods, data from the Treasury Dept.’s Trouble Asset Relief Program shows. Read the full story
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Thursday, March 28, 2013 7:58 AM

Fannie Mae and Freddie Mac help 2.7 million with foreclosure prevention actions

Fannie Mae and Freddie Mac completed more than 540,000 foreclosure prevention actions during 2012, bringing the total foreclosure prevention actions to nearly 2.7 million since the start of conservatorship in 2008. These actions, which have helped more
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Thursday, March 28, 2013 7:56 AM

FHFA announces new Streamlined Modification Initiative

The Federal Housing Finance Agency (FHFA) has announced that Fannie Mae and Freddie Mac will offer a new, simplified loan modification initiative to minimize losses and to help troubled borrowers avoid foreclosure and stay in their homes. Beginning July
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Thursday, March 28, 2013 7:48 AM

Many underwater homeowners are coming up for air

The Los Angeles Times The Fed reports that Americans have seen the equity in their homes jump nearly $500 billion in the last quarter of 2012 and $1.7 trillion since spring 2011. Read the full story -->
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Friday, December 14, 2012 7:17 AM

Call your member of congress today to protect the mortgage interest deduction

Congress, as part of negotiations on avoiding the "Fiscal Cliff," has made direct references to "closing loopholes" and "limiting deductions" as a way to raise revenues. Clearly, the mortgage interest deduction is high on
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Saturday, March 10, 2012 9:16 AM

Mortgage Loan Fraud rises in Q3 2011

Financial institutions filed nearly 20,000 mortgage loan fraud suspicious activity reports in the third quarter, according to a report by the Financial Crimes Enforcement Network. That was an increase from the approximately 16,500 reports filed in the
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Saturday, March 10, 2012 9:12 AM

FHA announces price cuts to FHA’s Streamline Refinance Program

The FHA is reducing fees on its Streamline Refinance Program to assist qualified homeowners with refinancing their existing FHA mortgage. Beginning June 11, 2012, FHA will lower its Upfront Mortgage Insurance Premium (UFMIP) to .01 percent and reduce
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Saturday, March 10, 2012 8:51 AM

Feds roll out new mortgage refinance program

San Francisco Chronicle On Tuesday, the Federal Housing Administration announced it will slash mortgage insurance premiums for certain homeowners who refinance an FHA loan into a new one under its streamlined program. Read the full story
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Thursday, February 16, 2012 7:15 PM

First Time Homebuyer Tips

Talking Points Home buying doesn’t begin with home searching; it begins with a mortgage pre-approval. Often, first-time home buyers fear getting pre-approved because they’re afraid the lender may tell them they do not qualify for a mortgage
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Saturday, February 04, 2012 4:32 PM

Fight property tax bill with these tips

The Mercury News Declining house values create great opportunities for homeowners to contest their property tax bills and potentially save big money. Read the full story
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Tuesday, January 10, 2012 8:22 AM

Five issues for housing in 2012

The Wall Street Journal Just as in 2011, in 2012 many will be trying to figure out where housing is headed. While the housing market didn’t worsen in 2011, it also didn’t stabilize either. This year, the story will be about local markets.
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Friday, December 09, 2011 8:10 AM

Mortgage delinquencies expected to rise, and then fall in 2012

National mortgage loan delinquencies – the ratio of borrowers 60 or more days past due – are expected to decline to approximately 5 percent by the end of 2012 from just under 6 percent at the end of 2011, according to TransUnion’s annual
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Monday, October 17, 2011 5:27 PM

Homeownership: Biggest drop since Great Depression

The rate of homeownership fell to 65.1 percent in April 2010, 1.1 percentage points lower than it was in 2000. The decline was the biggest drop since the 1930s, when homeownership plunged 4.2 percent. Read the full story
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Monday, October 17, 2011 5:25 PM

HUD: We need to make refinancing easier

San Diego Union-Tribune A leading official at the Dept. of Housing and Urban Development (HUD) has echoed President Obama’s push to reform mortgage refinancing to help borrowers take advantage of historically low rates and lower their monthly payments.
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Friday, September 09, 2011 6:50 AM

Refinancing “stimulus” is no slam dunk

The Wall Street Journal Among the measures President Obama may unveil in his policy speech this week is a plan to make mortgage refinancing easier, so more households can benefit from ultralow mortgage rates. Read the full story
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