Mortgages Blog

Monday, January 23, 2012 5:35 pm
By Judy Martel · Bankrate.com

Consumer spending on home remodeling projects rose slightly last year, for the first time since 2006. The long, slow housing recovery is partly to blame. Experts say many homeowners who want to trade up or who are unable to relocate for a job are realizing they can’t sell in this market and have decided to

» Read more
Friday, January 20, 2012 3:14 pm
By Polyana da Costa · Bankrate.com

Federal and state regulators are close to reaching a settlement with some of the nation’s largest lenders over their shady foreclosure practices. What’s in it for borrowers? About one million borrowers could receive mortgage relief in the form of loan principal reductions, according to reports citing U.S. Housing and Urban Development Secretary Shaun Donovan. Donovan

» Read more
Wednesday, January 18, 2012 6:32 pm
By Judy Martel · Bankrate.com

Applications for mortgages jumped 23 percent last week, largely due to homeowners taking advantage of record-low rates to refinance, according to the Mortgage Bankers Association. The refinance portion of total mortgage activity was 82 percent. But as a Bankrate article points out, although rates are low, mortgage fees are about to rise. Congress is set

» Read more
Tuesday, January 17, 2012 10:52 am
By Judy Martel · Bankrate.com

The Federal Reserve may decide at its meeting next week to give another boost to the housing market with a third round of quantitative easing. Back in 2008, the Fed announced QE1 to keep interest rates low, which involved buying mortgage-backed securities and mortgage debt. In 2009, the program was expanded to include government debt. Then

» Read more
Monday, January 16, 2012 10:00 am
By Jay MacDonald · Bankrate.com

Did some of America’s largest banks profit by purchasing high-priced fallback insurance policies on homes facing foreclosure? That’s what New York’s state financial regulators want to know in an ongoing probe of the loan servicing operations at several large banks, including Bank of America, Citigroup, JPMorgan Chase and Wells Fargo. The probe centers on “force-placed”

» Read more
Friday, January 13, 2012 4:29 pm
By Holden Lewis · Bankrate.com

In February 2007, the subprime meltdown began. Two months before that, members of the Federal Open Market Committee were laughing about borrowers who were having trouble qualifying for mortgages. Sandra Pianalto, president of the Cleveland Federal Reserve Bank, told her fellow Fedsters during the Dec. 12, 2006, FOMC meeting that she had heard that a

» Read more
Tags: Mortgages
Friday, January 13, 2012 9:46 am
By Polyana da Costa · Bankrate.com

If you plan to unload your home through a short sale, get moving. 2012 may be your last chance to sell a home that is worth less than what you owe without having to face tax consequences. When lenders approve a short sale, the difference between the sale price and what is owed on the

» Read more
Thursday, January 12, 2012 5:10 pm
By Judy Martel · Bankrate.com

Foreclosure filings hit a four-year low in 2011, but not entirely for the reasons you’d hope. It wasn’t that more people are able to avoid foreclosure, but due, in part, to a processing backlog resulting from the accusations that banks pushed robosigning as a way to get distressed properties through the pipeline quickly without reviewing the

» Read more
Tuesday, January 10, 2012 12:31 pm
By Polyana da Costa · Bankrate.com

Homeowners who are unemployed and struggling to pay their mortgages may get a break on their mortgage payments for up to a year, says mortgage finance firm Freddie Mac. Freddie currently allows mortgage servicers to give borrowers three to six months to get back on their feet when they are out of work. Starting Feb.

» Read more
Monday, January 9, 2012 5:52 pm
By Judy Martel · Bankrate.com

A bulging pipeline is prompting the Obama administration to implement its plan to sell foreclosed properties in bulk to investors who will rent them out, potentially solving the problem of hundreds of thousands of vacant homes dragging down home values. According to CNBNC, the administration is close to announcing the pilot program, which is being

» Read more
Page 47 of 83« First...102030...4546474849...607080...Last »