Regardless where the inventory goes (likely to retreat), the potential home buyers should stay interested, just because of rates staying low. Many of them may be looking forward to when the foreclosures start pouring in. What's the latest on the...
Thanks to KCM for providing this report: According to the latest report from Black Knight, Inc., a well-respected provider of data and analytics for mortgage companies, 6.48 million households have entered a forbearance plan as a result of financial concerns brought...
Our local home prices have risen so quickly that it feels like we're in 'bubble' conditions again - could the bubble burst this time? The last two times the real estate bubble has popped, it was due to banks having to offload their foreclosed properties for whatever...
I saw these questions from Ed DeMarco on Twitter. My answers: 1. Have the M.I.D. apply towards primary residence only (not second homes), and lower from $1,000,000 to $500,000. Those buying in hopes of a bigger write off will still buy a house, and take the partial...
More foreclosure-avoidance incentives were announced this week: http://www.mortgagenewsdaily.com/12052014_hamp_mfa_programs.asp An excerpt: "While the housing sector has strengthened in recent years, there are still many homeowners struggling to make their mortgage...
Occasionally, the ivory-tower set comes up with these wacky ideas to have banks share risk with borrowers. Fannie and Freddie may not be interested just due to the complexity, but if a private bank gave it a run with a good marketing push, they might find an...
Hat tip to daytrip for sending in this article from the latimes.com alerting us to the expiring The Mortgage Debt Relief Act of 2007, wrapped around the free cheese in the recent JP Morgan settlement:...
The highlight was him mentioning that he and Michelle lived with her mother for two years before buying a starter condo:
Hat tip to daytrip for sending this in from nytimes.com - an excerpt: The power of eminent domain has traditionally worked against homeowners, who can be forced to sell their property to make way for a new highway or shopping mall. But now the working-class city of...
Another hat tip to daytrip for sending this in from cnnmoney: Nearly 1.2 million mortgage modifications have been completed since the Home Affordable Modification Program (HAMP) was first launched four years ago. Yet more than 306,000 borrowers have re-defaulted on...
