Mortgages Blog

Thursday, April 7, 2011 9:05 am
By Holden Lewis · Bankrate.com

When is permanent permanent? When is a reduction a reduction? An estimated 87,000 homeowners got “permanent” loan modifications in February, a reduction from January’s 100,000 modifications, according to Hope Now, a consortium of mortgage servicers and debt counselors. Calling a new mortgage modification “permanent” is premature. Perhaps the leaders of Hope Now formerly worked in

» Read more
Thursday, April 7, 2011 8:50 am
By ReneePorsia · Bankrate.com

Normally it’s the renter who needs to prove their creditworthiness to the landlord. But with the current state of the housing market, it may be time for the landlord to prove to the renter that their credit is not in the toilet. With so many homeowners going into foreclosure each and every month at outstanding

» Read more
Tuesday, April 5, 2011 8:41 am
By Marcie Geffner · Bankrate.com

Economic data show a “very modest, but still painfully slow recovery” from the Great Recession, and one clear cause of that pain is the mortgage and foreclosure crisis, according to Harris Interactive, a polling firm based in New York, which suggested the crisis would continue “until the economy is much stronger or house prices recover.”

» Read more
Friday, April 1, 2011 10:25 am
By Holden Lewis · Bankrate.com

You’ll be able to get an adjustable-rate mortgage at a relatively attractive rate, even after regulators impose stricter underwriting rules. This week, the feds proposed tight underwriting standards for “qualified residential mortgages,” or QRMs. I’ll explain further in a later paragraph because I don’t want your eyes to glaze over yet. Suffice to say that

» Read more
Friday, April 1, 2011 9:34 am
By Holden Lewis · Bankrate.com

Not much reaction so far this morning to the March employment report, which was released today and says the economy added a net 216,000 jobs in the third month. That’s a bit better than expected. The unemployment rate fell from 8.9 percent to 8.8 percent. Not a big deal. The jobless rate is too high

» Read more
Friday, April 1, 2011 8:42 am
By Marcie Geffner · Bankrate.com

Once upon a time, say, before the recent housing crisis, homeowners made every possible effort to make their monthly mortgage payment, even if that meant they couldn’t meet other financial obligations. Now, however, there’s a new payment priority in which many homeowners choose to let the mortgage slide into delinquency and default while they continue

» Read more
Tuesday, March 29, 2011 10:03 am
By Marcie Geffner · Bankrate.com

First, there was “robosigning.” Now, there is IntelliMods. The name might sound like science fiction, but, in fact, IntelliMods is a new Web-based computer application that purports to help loan servicers decide whether to approve borrowers’ requests for a loan modification. IntelliMods is a product of CoreLogic, an corporation traded on the New York Stock

» Read more
Tuesday, March 29, 2011 7:04 am
By Holden Lewis · Bankrate.com

To get a mortgage with the lowest rate and fees, you’ll have to make a 20 percent down payment if you’re buying the house or have at least 25 percent equity if you’re refinancing. And forget getting a good mortgage deal if you’ve been two months late on a credit card or car payment or

» Read more
Monday, March 28, 2011 9:00 am
By Jay MacDonald · Bankrate.com

I blinked twice at the figure: 638 days. That’s the average time it takes from an initial missed mortgage payment for the bank to complete foreclosure proceedings and change the locks here in Florida, the Foreclosure State. Nearly two years of free rent. Then, of course, the boot. We don’t top the latest list of

» Read more
Thursday, March 24, 2011 2:39 pm
By Marcie Geffner · Bankrate.com

U.S. home sales and prices are on a downward slide. Sales of existing homes dropped 9.6 percent in February to a seasonally adjusted annualized rate of 4.88 million units, a pace that’s slowed 2.8 percent compared with the 5.02 million level recorded a year earlier, according to the National Association of Realtors, or NAR. An annual

» Read more
Page 66 of 85« First...102030...6465666768...80...Last »