Mortgage defaults in California at 3-year low

Tuesday, March 15th, 2011

The number of default notices in the second quarter falls 43.8% compared with the same period in 2009. Meanwhile, banks step up repossession of foreclosed homes.

Mortgage Bonds Pare Relative Declines Amid Worst Trading Month Since 2008

Monday, March 14th, 2011

Fannie Mae and Freddie Mac mortgage bonds pared losses relative to Treasuries with the market for government-backed home-loan debt heading for its worst month since 2008 at the height of the global financial crisis.

Bankers Ignored Signs of Trouble on Foreclosures

Sunday, March 13th, 2011

At JPMorgan Chase & Company, they were derided as “Burger King kids” — walk-in hires who were so inexperienced they barely knew what a mortgage was.

What You Must Know About Home Appraisals

Sunday, March 13th, 2011

Understanding how appraisals work will help you achieve a quick and profitable refinance or sale. When you refinance or sell your home, the lender will insist that you get an appraisal–an opinion of the value of your home based on what similar homes in your area have sold for in recent months.

Here are five tips [...]