From the category archives:
As mortgage lenders accumulate losses from foreclosure listings and as they implement stricter processes and more requirements for loan applicants, incidents of loan fraud have started to increase.
Continue Reading: Mortgage Fraud Soars Amid Foreclosure Listings
According to the Mortgage Banker’s Association, their mortgage applications index has plunged by 23 percent, from 591.4 to 455.4 during the week that ended September 26.
Continue Reading: Mortgage Applications Drop
With the housing industry still trying to recover from the losses suffered because of the mess in the subprime market, it is indeed surprising that the government-sponsored enterprise Fannie Mae has announced that it is making an effort to boost finances. Unfortunately, this effort comes with a high price for consumers.
Continue Reading: Mortgages Becoming More Expensive
Another option that troubled homeowners should explore if they can no longer meet their mortgage obligations is refinancing. But before you heave a sigh of relief, you should know that this option is not for everyone.
Continue Reading: Foreclosure Option 2: Re-Financing
It is not at al surprising that many homeowners are struggling to make their mortgage payments considering the unbelievably-high prices of fuel and increased cost of living. Therefore, it is not remotely impossible to find yourself with no money left to cover your mortgage payment for the month.
Continue Reading: Foreclosure Option 1: Repayment
For the week ending April 11, the volume of mortgage applications increased by 2.5 percent. This is according to the survey conducted by the Mortgage Bankers Association each week. During the previous week, the mortgage application index was pegged at 725.6.
Continue Reading: Mortgage Application Index Rose by 2.5%
Last year, there was a 42 percent increase in mortgage frauds reported by banks. The said frauds were discovered when banks decided to become cautious in approving mortgage applications. In 2006, there was a recorded 37,313 mortgage fraud reports.
Continue Reading: Mortgage Fraud in 2007 up by 42%
For the week ending on March 28, the volume of mortgage applications dropped by 28.7 percent. This significant tumble was observed in a weekly survey conducted by the Mortgage Bankers Association. The previous week saw a jump in mortgage application volume by 41.1 percent.
Continue Reading: MBA Survey: Mortgage Applications Down
According to the National Association of Realtors, pending home sales might have dipped last November but it can be expected to pick up in the last six months of 2008.
Continue Reading: Realtors: Existing Home Sales to Pick Up by Mid-2008
Reforming the mortgage industry is being considered as one of the most potentially effective ways to address the present foreclosure crisis. A House Bill, authored by Massachusetts Representative Barney Frank, is currently being debated in the House Financial Services Committee. The mortgage reform bill will be instrumental in preventing another foreclosure crisis in the future. Last October, consumer advocates voiced their concern that the changes in the lending guidelines do not fully address the problems in the industry.
Continue Reading: New Backers for the Mortgage Reform Bill
HUD foreclosures are for sale in every state in the United States. They are considered very good deals for many different types of people, from first time home buyers to senior citizens to lower income families. HUD foreclosures also sell for great prices to firefighters, teachers, EMTs, and hurricane evacuees. There are HUD foreclosures that are perfect for just about anyone. HUD foreclosures are often the answer when traditional real estate is too expensive.
Continue Reading: HUD Foreclosures – Buy Them with FHA Mortgages
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