The market gyrations following the United Kingdom’s vote to leave the European Union have an upside for mortgage lenders, as already-falling interest rates are expected to boost home purchases and refinancing.
The Veterans Administration in the United States of America, in the direction in the Department for Veterans Affairs, may be the agency that awards benefits to veterans from the United States military.
Short sales are no better for a homeowner’s credit than damage done as a result of a foreclosure, according to FICO officials.
Foreclosures or bank owned homes sold at an average discount of 32% below similar homes in the same neighborhood during the second quarter of the year,according to RealtyTrac. The price was two percent lower than a year ago. Foreclosure sales accounted for 23% of all U.S. residential sales during the second quarter, a single […]
The Mortgage Colossus that is Fannie Mae And Freddie Mac are too being unloading thousands of Distressed Mortgages, Ordered by the Treasury Department following the announcement to reduce their amount of troubled mortgages. Despite the arguments on both sides in Congress as to how they would handle the two lenders, the action “will help expedite the wind down of Fannie Mae […]
For the 21st month in a row in July formal foreclosures fell as repossessed U.S. residential properties run into problems of their own. 53,654 foreclosures were completed during the month, a 21% fall from a year ago and a 1% drop from June according to RealtyTrac. REO’s owned by Banks also has fell on an annualized basis in […]
Edward DeMarco the official overseer of the massive amount of mortgages help by Fannie Mae and Freddie Mac has gone against the White House and more than 100 members of Congress for the second time by formally rejecting a plan use bank bailout funds to write down principal balances for underwater homeowners The latest in this […]
Composed of all 50 U.S states the The National Lieutenant Governors Association has gone to Congress and Obama to address the crisis “in a meaningful and responsible manner.” The N.L.G.A has recently passed a resolution to underline the importance of Congressional action as the nation undergoes the possibly the most politically divided Congress in history leading up to […]
Zillow the home and real estate firm and market place says second-quarter data showed the first annual increase in value since 2007. The company predicts a 1.1% increase in home values in the next year. It has been on a slight increase each of the last four months Zillows press release says that “National home values […]
The loans given out by the VA have proven to have the lowest foreclosure rates in the mortgage industry. Record breaking numbers of Veterans are taking notice and using their benefits as VA loan origination’s reached their highest amount in eight years. “The continued strong performance and high volume of VA loans are a testament […]