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Bank of America Announces Modification

Bank of American announced that it has started to mail letters to customers who may qualify to have their home loans reduced as part of a multi state settlement over alleged foreclosure abuses. B of A has indicated that more [...]

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Homeowners Expect Prices to Rise

Homeowners Expect Prices to Rise Homeowners believe home prices will rise, according to results from Fannie Mae’s April 2012 National Housing Survey. The report noted that the continued stabilization

Delinquency Rate Drops

Delinquency Rate Drops The U.S. residential home mortgage delinquency rate (defined as the number of home mortgages more than 60 days past due) fell for the first quarter of

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CFPB Releases New Rules Under Consideration Mortgage Loan Origination

[caption id="attachment_762" align="aligncenter" width="478" caption="Richard Cordray, director of the Consumer Financial Protection Bureau. Joshua Roberts/Bloomberg via Getty Images."][/caption] On May 9, the CFPB issued a press release outlining

Freddie Mac Shares 1st Quarter Refi Analysis

In the first quarter of 2012, 79 percent of homeowners who refinanced their first-lien home mortgage either maintained about the same loan amount or lowered their principal balance

Report Confirms Now Good Time to Purchase

It is now cheaper to purchase a home compared to renting, according to a new report from real estate listing site Trulia. The recent update noted that while

Mortgage Applications Drop

Mortgage applications decreased 2.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 23,

Report Confirms Seniors/Young Adults Will Influence Future Housing Demand

During the next 20 years, aging baby boomers and their echo boomer children will have a major impact on housing market trends, according to a new report from

Difficult Housing Markets Revealed

According to Trulia, an online real estate search and marketing site, Nevada is ranked highest in its recently published Housing Misery Index. The index ranks each state’s housing

Obama Administration Announces Housing Initiatives

President Obama recently (3/6) introduced new housing initiatives aimed at helping homeowners with government-insured loans and members of the military. One new plan would eliminate refinancing fees for

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