The rate of new foreclosures has hit its lowest level in eight years, according to Bloomberg's website. Rising home prices brought homeowners "above water," enabling them to sell without a loss. The rate of foreclosure fell to its lowest since the third quarter of...
The economy may have been the main election issue, but neither candidate delved too deeply into their plans for housing in America. Now that we know our president for the next four years, what can we expect for the housing market? Forbes published an article recently...
When foreclosures take place, there aren't many winners. Certainly not the homeowners. Nor the mortgage servicer, as it turns out. To help prevent future foreclosures, Fannie Mae has launched a training and support initiative aimed at improving the information given...
Last Fall's blow-up of the mortgage servicers robosigning scandal may be a thing of the recent past, but shades of those shady practices still persist in today's mortgage lending market. This chilling tale culled from the chapters of the Consumerist details one man's...
Home ownership. The American Dream. For many this dream was shattered with the meltdown that started in 2008. Foreclosures and evictions were the order of the last couple of years, and things may only get worse for homeowners. The mortgage interest deduction claimed...
When the housing bubble burst and the economy began its nose-dive, this country saw a huge leap in the number of folks defaulting on their loans and a serious rise in home foreclosures. A lot of people took flak for walking away from their mortgage payments; they were...
Homeowners staring down the barrel of the foreclosure gun now have a stay of execution option that will keep them in their homes. Fannie Mae's recently announced Deed for Lease Program™ permits homeowners facing foreclosure to sign a lease to stay in their home...
It's a sad reality that a great number of Americans facing foreclosure become victims of scam artists. As part of a nationwide "Loan Modification Scam Alert" campaign that involved a number of cities across the country, a new website called LoanScamAlert.org has been...
There are few things that get people moving quicker than a public shaming. As we reported previously, the administration was growing increasingly frustrated with the slow bank response to near-foreclosure homeowners who wanted to restructure their mortgage. Now the...
The jig is up for some "loan modification consultants" as the FTC and 19 states filed 189 legal actions against them nationwide last week. The filings allege these companies charge enormous fees and do little to help homeowners facing foreclosure. Federal Trade...
