Uninsured Americans Rose 9.4 Percent of the Population in 2009
Mortgage rates have hit a record low. According to Freddie Mac, rates for 30-year mortgages fell to 4.27 percent from 4.32 percent in just one week. At the same time, safe-haven government debt is...
View ArticleMortgage Applications Spike 16 Percent as Investors Take Over the Residential...
Although analysts are sounding a cautionary note, the number of Americans applying for mortgages rose by 16.1 percent in the first week of March – the largest monthly increase since June of 2009. The...
View ArticleForeclosures Are Down, So Why Isn’t That Good News?
There’s good news and bad news about foreclosures. Although the number of foreclosures fell to their lowest rate in 4 ½ years in April, the reason is a delay in processing the orders, not because...
View ArticleObama Bypasses Congress to Boost Housing
President Barack Obama executed an end run around Congress when he announced a significant retooling of a plan designed to help homeowners who are paying their mortgages, but still underwater,...
View ArticleFederal Regulators Floating the Idea of 20 Percent Downpayment Mortgages
Is a 20 percent downpayment on a house or condominium on the horizon? If some federal regulators get their way, buyers may have to put down $60,000 on a $300,000 house to get the best possible...
View ArticleHome Delinquencies Fall; Foreclosures Rise
Fewer borrowers currently are delinquent on their home loans, a Mortgage Bankers Association (MBA) report shows. Curiously, new foreclosures are rising in states like California. This is evidence...
View ArticleWhat’s Wrong With Homeowners Defaulting? Companies Do It all the Time
When we say that a company “went bankrupt,” we imply that it had no other choice. But American Airlines deliberately filed for bankruptcy. The airline had four billion dollars in the bank and was in a...
View ArticleAs Foreclosures Decline, Federal Government Makes Deal With 49 States
In good news for beleaguered homeowners, the Obama administration announced a $26 billion mortgage settlement, which 49 out of 50 state attorneys general signed on to. The deal won praise from such...
View ArticlePending Home Sales Rose Two Percent in January
The Pending Home Sales Index grew by two percent during January from the previous month to 97.0 — considerably above the 1.1 percent growth forecast by economists. The index has risen eight percent...
View ArticleMortgage Delinquencies on the Decline
The percentage of borrowers who are behind on making mortgage payments fell to a four-year low in the first three months of 2012, according to the Mortgage Bankers Association (MBA). The percentage of...
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