Reports show declines in mortgage defaults
Wednesday, March 16th, 2011Is the tide of home-loan defaults finally beginning to recede?
Oh, Canada! What We Could Learn From Your Mortgage Market
Wednesday, March 16th, 2011One of the biggest rounds of applause at a housing-policy conference sponsored by the Federal Reserve Bank of Cleveland this week was for Virginie Traclet, a soft-spoken researcher from the Bank of Canada. All the French-born Ms. Traclet had to do was describe Canada’s mortgage market.
Mortgage Closing Costs Surge in 2010
Monday, March 14th, 2011Some interesting info from Bankrate yesterday via Housing Wire’s Christine Ricciardi. It appears that average closing costs on mortgages increased 36.6 percent from 2009 to 2010. That is obviously a pretty substantial jump at a time when the average American’s finances have been negatively effected by the economy.
New Online Help From Fannie Mae
Monday, March 14th, 2011SINCE foreclosures started to rise sharply in 2007, struggling borrowers have been offered a lot of help online. Some is well-meaning, but some is simply a scam in the form of expensive “debt relief” services that may be offered free elsewhere.
Investors sue Citigroup over toxic mortgage bonds
Sunday, March 13th, 2011Citigroup Inc. is being sued by big investors that bought the bank’s toxic mortgage bonds during the run-up to the financial crisis.