Suze Orman on Underwater Mortgages
Home Ownership at 46-Year Low
Couple Threatens to Foreclose on BofA
MORTGAGE RATES » Home Mortgage Loan News
Encouraging homeowners to opt for short sales as an alternative to walking away from their mortgages is a new tactic banks, like Wells Fargo and Bank of America are using to get homeowners to avoid foreclosure in neighborhoods already spilling over with empty properties. To convince borrowers that selling the home is the right route to take, banks are offering hefty cash incentives that many homeowners won’t want to pass up.
Short Sales Help Avoid Foreclosure 
A major foreclosure deal that has been in the works for over a year has finally been settled–and the payoff could be huge for homeowners in need. Federal and state officials announced on Thursday morning that five of the largest mortgage lenders have agreed to pay $26 billion to resolve the robo-signing scandal.
A foreclosure deal that has been in talks for several months by state officials has reached its deadline today. However, with many states not feeling comfortable with terms in the agreement, some wonder whether mortgage relief will be a real possibility for homeowners who were impacted.
Foreclosure Settlement Deal Deadline Arrives
There have been a number of attempts to turn the housing market around since the crash in 2008, but unfortunately, the success officials have been hoping for hasn’t come from any government-initiated mortgage modification or stimulus programs yet.
Recently, however, the Obama administration shared it would give another push for housing recovery through Fannie Mae’s foreclosure rental program–a pilot program to sell government-owned foreclosures in bulk to investors who would then rent the properties to others. Will this program have any more success in improving the market than past attempts?
President Barack Obama is set to announce a new mortgage refinance program on Wednesday that aims to help borrowers take advantage of historically low interest rates. The program is said to expand on previous attempts at refinancing for troubled borrowers and will grant more homeowners eligibility.
Obama Refinance Program to Help Troubled Homeowners
The sale of homes in foreclosure was still an issue for the housing market in the third quarter of 2011, according to a new report from RealtyTrac. President Barack Obama announced plans to develop a housing task force that will tackle improper mortgage loan bundling, one of the issues that helped the financial system crumble in 2008.
Foreclosure Sales Comprise 20 Percent of Sales
A new home refinance program was proposed during President Barack Obama‘s State of the Union address on Tuesday night that would impact borrowers with privately-held mortgages. The program was among many economic topics addressed in the speech, including income and tax equality, payroll tax cuts and the need for a united Congress.
Home Refinance Program to Lower Interest Rates
The number of foreclosures throughout the U.S. has been extremely high over the past few years, but according to new data generated for CNNMoney by RealtyTrac, the majority of zip codes hit hardest are situated in western states. The report also found that, in addition to a suffering economy, the significant increase in REO homes sold has left the housing sector in peril, making it difficult for the industry to bounce back.
Foreclosures Highest in Middle-Income Western Zip Codes
While many women put off buying a home because they are waiting for a family, a better job or simply out of fear, you might be surprised to find that home ownership rates are higher for single women than single men.
Hundreds of thousands of foreclosure cases facing reviews ordered by regulators last year may take months longer than originally expected, according to documents filed with federal banking regulators this week. The delays noted by Bank of America and JPMorgan Chase will impact the time frame that homeowners could expect to receive settlement compensation for improper foreclosure actions.