After many tepid attempts at boosting the housing market, the federal government is finally pulling out all the stops by instituting new policies through three different agencies...Read More
As the housing market continues to struggle, the Obama Administration and the FHFA are looking at new ways to help homeowners refinance their mortgages...Read More
The Securities and Exchange Commission is finalizing their investigation and settlement concerning Freddie and Fannie’s knowledge of their involvement in the mortgage meltdown of the late 2000’s....Read More
According to a survey performed by mortgage originator Freddie Mac, after months on the up swing, 30-year fixed mortgage rates fell to 4.32% this week, the lowest they have been since last November when they were threatening all-time lows...Read More
Unemployed homeowners whose loans are backed by the FHA will now be granted twelve months of forbearance, if they qualify. At the end of the grace period, borrowers will still have to pay the full balance on their loans...Read More
The housing market is still in shambles due to the glut of foreclosure homes on the market. With homes available at such bargain prices, buyers are not interested in new homes, thus affecting the construction and real estate industries....Read More
In accordance with the Dodd-Frank the Federal Reserve has begun the process of drafting a set of minimum requirements for responsible mortgage lending...Read More
Instead of taking out a reverse mortgage many people have been withdrawing from their 401k to pay off bills and expenses. This practice could have dire questions and cost you thousands of dollars towards your retirement....Read More
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