The president’s proposal last night to help underwater homeowners was short on details, and will need to address some key questions and concerns before expecting any widespread support in Congress.
Requiring prospective homeowners to put a 20% down payment on a property to qualify for a mortgage would push many of them out of the already ailing market, says the Center for Responsible Lending.
A proposal on the table among state attorneys general and the five major U.S. mortgage lenders would give some stability to a struggling housing market, and struggling homeowners as well.
Freddie Mac will extend its mortgage forbearance program for unemployed homeowners to up to 12 months in the hopes that it will put families back on track to long-term homeownership.
Serious mortgage delinquencies – home payments that are 90 days late – are on the decline, according to a new report from Foreclosure-Response.org.
Understanding closing costs, financing, and entire lending process with a Good Faith Estimate (GFE) is difficult for most people. How can we improve upon the existing GFE? Here’s a proposal, which would break up sections clearly.
Freddie Mac is out with some predictions for 2012. Front and center is the sentiment from the mortgage giant that mortgage rates will remain low in 2012.
It’s no shame to be turned down for a loan, but it just might be a shame to shrug your shoulders and give up. Here are a few tips for getting the money after all.
Prepaying a mortgage is equivalent to a stable long-term investment equal to the interest rate, but with money tied up in a long-term mortgage, your age will help decide if it’s right for you.
U.S. home foreclosures fell at the slowest year-on-year rate in 2011; a new wave may be imminent in 2012, according to RealtyTrac.