JPMorgan Chase, has stopped foreclosures so it can review loan documents for errors. It is the second major mortgage lender to do so. Read more. Foreclosure, REO Home Prices Rise Average sale prices for homes in foreclosure and those owned … Continue reading
Energy efficiency is highly valued by most homeowners. According to a recent national survey 89% of the respondents said that making their home energy efficient is personally important to them. Key findings from the September 2010 national survey include: * … Continue reading
One hard hit group of homeowners in these economically challenging times is the unemployed; those who have lose their income through job loss. While many programs have done much to help keep homeowners in their homes if possible, Fannie Mae … Continue reading
Fannie Mae announced a seller assistance incentive on properties owned by Fannie Mae and listed on the companys REO website (click HERE for your free list). Qualified home-buyers who will be owner-occupants can receive up to 3.5 percent of the … Continue reading
While most of us agree that that walking away from a home just because the balance on the loan is higher than the current value is wrong, there are those that simply can not make their payments. This may be … Continue reading
A few months ago the state of California banned the practice of charging up front fees for Loan Modifications, and federal laws soon followed. This law was intended to stop the fraudulent practice of taking advantage of desperate homeowners by … Continue reading
According to an article in the San Diego News a recent poll showed that 59% felt it is ‘unacceptable’ to walk away from a mortgage. This was the findings of the Pew Research Center poll. 2,967 adults were surveyed during … Continue reading
Sound to good to be true? Well, it appears to be happening as you read this. A new start-up called Loan Value Group is doing just that. And it appears to be working and gaining interest. According to a recent … Continue reading
According to reports by the Associated Press applications for mortgage loans declined by 1.5% last week. This may be in part due to the interest rates climbing slightly from the fantastic lows of recent times. The Mortgage Brokers Association reported … Continue reading
The California Housing Finance Agency (CalHFA) announced this week the launch of a new fixed-rate, 30-year, FHA-insured mortgage program for low- and moderate-income home buyers. CalHFA provides financing and programs for low- and moderate-income Californians. The program announced this week … Continue reading