Are you a first time homebuyer looking for down payment and closing cost assistance? Or if not a first time buyer, are you a veteran? Or are you open to buying a…
Tag: lenders
Florida Bank-Owned Homes Surged in Number before Foreclosure Freeze
Despite efforts to help distressed homeowners, more homes in Florida became bank owned in September and in the July to September quarter compared to previous periods. Even the suspension of foreclosures by…
Biggest Lenders’ Foreclosure Freeze Could Further Increase Short Sales
The suspension of foreclosures by GMAC Mortgage, JPMorgan Chase, Bank of America, PNC Financial Services Group, Goldman Sach’s Litton Loan Servicing and other large lenders that may follow suit could further rev…
Bill on Short Sales Could Help Homeowners
Finally, some U.S. legislators recognized the gravity of the problem faced by homeowners desiring to use the process of short sales to solve their financial problems. Since the start of the foreclosure…
Lenders Posted Highest Number of Bank Owned Homes in August
Lenders nationwide added 95,364 bank owned homes to their lists in August, the highest monthly total so far since RealtyTrac started tracking bank repossessions in 2006 and higher by nearly two percent…
Good News: Mortgage Default Rate Plunged, HAMP Grade Surged
In the midst of discouraging news about housing starts and home builder confidence, there are at least two good news stories about the U.S. housing sector this week. First, the default rate…