Mortgage defaults in California at 3-year low
Tuesday, March 15th, 2011The 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 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.
Federal government should begin withdrawal from mortgage business
Monday, March 14th, 2011The country’s housing finance system is in dire need of revamping — this is a consensus. But the question is how to fix it. The best answer is to phase out most forms of federal mortgage support and get taxpayers out of the mortgage-backing business.
Mortgage crisis commission meets at FIU
Sunday, March 13th, 2011A congressional commission is in South Florida examining the mortgage meltdown that has hit the area especially hard.
FHA set to offer new reverse mortgage option
Sunday, March 13th, 2011The Federal Housing Administration said Wednesday that beginning Oct. 4, it will offer a new reverse mortgage option with drastically lower up-front fees than its standard version.
« Previous Entries Next Entries »