Blogs

More Action Seen on Foreclosures

Foreclosure activity picked up in January, a possible sign that lenders are gearing up to tackle the backlog of distressed properties that has been a drag on the real estate market.

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Foreclosure Deal to Benefit Troops

Servicemembers who were improperly foreclosed on will receive six-figure settlements as part of a secondary agreement to the $26 billion foreclosure abuses settlement announced last week.

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$26B Foreclosure Settlement Reached

A $26 billion settlement that would fund loan modifications and mortgage refinancing for at-risk homeowners was announced today by state and federal officials.

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New HARP Could Help Up to 6.7 Million

Recent changes to HARP mean that some 6.7 million homeowners will be eligible to refinance their mortgage to a lower interest rate under the government-backed program.

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Many Could Get Principal Reductions

An agreement that could result in substantial principal reductions for some 850,000 underwater homeowners has reportedly been reached among state attorneys general and the nation’s largest mortgage servicers.

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Housing Upturn Seen in 100 Cities

Nearly 100 U.S. housing markets are now regarded as “improving,” with home prices and other indicators coming back from post-crash lows, according to the National Association of Home Builders (NAHB).

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Half of Mortgage Refis are Cash-In

Nearly one-half of homeowners who refinanced their mortgages late last year did so by paying down part of their mortgage balance at the same time.

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HARP Refis 10 Percent of Total

Demand for mortgage refinancing eased slightly last week, after the Federal Reserve indicated it would seek to keep interest rates low for the next three years.

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Bad Sign for Home Prices?

U.S. home prices edged downward in November, dropping 1.7 percent from October’s level, according to the latest Standard & Poor’s/Case-Shiller Home Price Indices, released today.

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HAMP Expanded to Rentals, 2nd Liens

Owners of rental properties and homeowners burdened by secondary expenses are now eligible for mortgage relief under a new expansion of the Home Affordable Modification Program (HAMP).

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