6 Reasons Your Home Won’t Sell

Are you ready to sell your home and want it to have a great first impression on the market? Or maybe your home has been listed for a few weeks or months, and you can’t figure out why it won’t sell, and you know your agent is working hard to market it. We’ve listed below […]

3% Down Payment Mortgages Now Available

WASHINGTON – March 19, 2015 – Freddie Mac will begin offering mortgages with downpayments of only 3 percent – the first time they’ve been this low on the GSE’s loans in nearly five years – starting March 23. The move is expected to make more credit available to entry-level borrowers. “By launching our 3 percent […]

June foreclosures down 2% – lowest since July 2006

#155441075 / gettyimages.com IRVINE, Calif. – July 17, 2014 — RealtyTrac‘s Foreclosure Market Report for June finds that 107,194 U.S. properties had a foreclosure filing during the month – a drop of 2 percent from May and 16 percent year-to-year. “Nationwide foreclosure activity in June reached an important milestone, dropping to levels not seen since […]

Hope Now – mortgage mods for 7 million homeowners since 2007

#464714165 / gettyimages.com A total of 7.02 million American homeowners have now received loan modifications since HOPENOW started tracking loan mods in 2007. For the month of April, an estimated 42,000 homeowners received permanent, affordable loan modifications from mortgage servicers. Of these modifications, approximately 30,000 were through proprietary programs and 11,813 were completed via the […]

Limits on foreclosure sales stir a debate

#151567289 / gettyimages.com On June 18, 2014 – Nonprofit groups and mortgage industry interests are butting heads over policies that restrict who can participate in short sales and foreclosure sales, and under what circumstances. In particular, consumer advocates criticize Fannie Mae and Freddie Mac‘s rules dictating that foreclosed properties cannot be re-sold to former owners […]

SunTrust settlement to benefit Floridians

#119652836 / gettyimages.com On June 18, 2014 – SunTrust Mortgage Inc. agreed to settle a three-year dispute with Florida and 48 other states over alleged foreclosure abuses. The national agreement mirrors one reached with other large lenders: the 2012 National Mortgage Settlement between the federal government and 49 state attorneys general, including Florida. The settlement […]

‘Boomerang’ buyers get second chance

#158530973 / gettyimages.com On June 17, 2014 – About 7.2 million homes have been lost to foreclosure or short sale since the housing crash began, according to housing data from Black Knight Financial Services. That has forced millions of former homeowners into renting, as they work to rebuild their credit. But a government program launched […]

Monthly Loan Originations Lowest On Record

#89291842 / gettyimages.com   – Residential real estate sales essentially flat year-over-year, but non-distressed sales up almost 15% – Credit standards have not shown signs of loosening; very little origination activity among borrowers with lower credit scores – At the end of 2013, modification activity was near post-crisis lows, but changes to FHA-HAMP regulations are […]

U.S. foreclosure inventory down 35% year-to-year

#480492765 / gettyimages.com IRVINE, Calif. – CoreLogic released its February 2014 National Foreclosure Report. “Although there is good news that completed foreclosures are trending lower, the bigger news is the impressive decline in the foreclosure and shadow inventories,” says Dr. Mark Fleming, chief economist for CoreLogic. “Every state has had double-digit, year-over-year declines in foreclosure […]