Suze Orman on Underwater Mortgages
Home Ownership at 46-Year Low
Couple Threatens to Foreclose on BofA
MORTGAGE RATES » Home Mortgage Loan News
If you’ve been hoping to enroll in the Emergency Homeowners Loan Program (EHLP), today is the last day to get pre-screened. Homeowners who are eligible could take advantage of an interest-free loan to help them avoid foreclosure.
About EHLP 
The Federal Reserve announced on Monday that it would be hitting Wells Fargo with an $85 million fine for allegedly pushing borrowers with good credit into expensive mortgage loans. The bank also received the record fine from the Fed for allegedly falsifying its borrowers’ loan applications.
Borrowers with Good Credit Pushed Into Subprime Mortgages
Many potential homeowners have difficulty setting aside the time to look through real estate, find good mortgage rates and locate other information related to the search for a home. If you feel the same same way, you’re in luck! Home buyers with a smartphone can allow a great online mortgage application come to the rescue.
The mortgage industry is coming under fire again after lawmakers and enforcement agencies received word that robo-signings have continued. Numerous major mortgage servicers came under fire in 2010 after it was revealed they were utilizing this illegal practice to speed up the foreclosure process.
Robo-Signing Continues in Mortgage Industry
Mortgage lenders are being ripped off in droves by investors committing short sale fraud, according to a new CNN Money article. However, as noted in the article, lenders aren’t the only ones suffering. Homeowners and the market as a whole are taking a big hit from the new scam.
What is Short Sale Fraud?
The HomePath program offered through Fannie Mae is providing attractive incentives to prospective home buyers looking to save money on a home purchase. As a part of the program, Fannie Mae is selling foreclosed homes with low down payments and other incentives that could make buying a home easier for the person on a budget.
HomePath Program Basics
All parents want their kids to be happy, stable and reside in a safe place. For many, that means home ownership–but in this economy, achieving that goal can be mighty tough. Mortgage lenders are requiring a greater amount of cash down than they have in the recent past, and a lot of people just aren’t earning as much as they used to.
So should you step in and save the day? That depends. A large donation requires considerable thought and preparation. You’ll want to make sure it makes sense for both you and your children. More, if you do chose to cut a large check to finance their first home, you’ll want to do so in the right way. Here’s a quick “to gift or not to gift” questionnaire:
Distressed mortgage borrowers have been looking for ways to get their mortgages back on track for years. While some opportunities for loan modifications and other foreclosure assistance have been offered since the housing crisis impacted the economy in 2008, there are still millions of homeowners in in danger of losing their homes.
Recently, the U.S. Department of Housing and Urban Development (HUD) announced it is signing delinquent homeowners up for a mortgage relief program that could help them stay afloat. The program is currently in the pre-screening phase and is looking for borrowers to jump on board fast.
The Federal Housing Administration (FHA) recently announced it will allow some unemployed homeowners to remain in their homes without making mortgage payments for an entire year. Homeowners who are in this predicament and qualify under specific terms will be eligible to miss payments without threat of foreclosure starting on August 1.
Grace Period Only for Qualifying Homeowners
A new CNN Money exclusive survey revealed that economists believe housing prices will continue to drop through the end of the year. Some economists included in the survey have even expressed a belief that prices will continue to drop through the end of 2012.
Experts Say Home Prices Still On the Decline
CNN Money surveyed 27 economists to get their take on the conditions of the economy as a whole for the remainder of 2011 and all of 2012. Those surveyed include economists at Brown University, Moody’s Analytics, Ameriprise Financial and Wells Fargo Securities.