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Lawmakers Pressured to Help Troubled Homeowners
With the looming fiscal cliff, many of the nation’s lawmakers are debating exactly what federal programs and tax breaks to cut in an effort to reduce the national deficit. But some top officials across...
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Housing Market’s Recovery Picking Up Steam
Experts say that the housing market has been in recovery for several months now, and new data shows that not only are those improvements continuing, but they may also be picking up momentum. The...
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The Hidden High Cost of Strategic Default
If you’re one of the 28% of U.S. homeowners with a mortgage that’s higher than your house is currently worth, is it time to toss the keys to your lender and walk away? According to Zillow’s third...
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Widows Losing Homes in Foreclosure Trap
Foreclosure has seemingly affected the majority of residents living in the U.S. in the past few years. Some have experienced it themselves, while others know a family member or friend to have gone...
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Foreclosure Inventories Continue to Decline
Though analysts have maintained foreclosure activity will pick up in the coming months, the number of completed foreclosures nationwide dropped annually and monthly in October – a sign the housing...
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There’s Another Fiscal Cliff… and We’re Heading Right for It
With the presidential election over, the fiscal cliff is all anyone can talk about. The “cliff” is actually a drastic metaphor for a chronic political logjam caused by partisanship. There’s another...
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Fannie, Freddie Halt Foreclosures for the Holidays
The holiday season is stressful enough for millions of consumers across the country who are struggling with their finances, so two of the nation’s government-sponsored mortgage backers have made the...
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Many Consumers Don’t Take Advantage of Mortgage Interest Deduction
During the arduous and acrimonious debate over the fiscal cliff, one potential part of the solution that has come up often is the elimination of the mortgage interest tax break. And while many...
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Consumers Buying Even More Foreclosed Homes
Many Americans are still having trouble obtaining mortgages thanks to high credit standards set and maintained by lenders, but a large number is also now turning to less expensive properties to make...
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Mortgage Interest Deduction Now Officially on Fiscal Cliff Table
The impending fiscal cliff is causing lawmakers to consider many tough decisions and make every kind of consideration for getting the government back on budget. That has led to the proposed slashing of...
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Almost 1 Million Homeowners Get Government Help in 3rd Quarter
For much of the last year, the housing market has generally been on a slow but steady path toward improvement, and that trend continued in November. A number of federal initiatives to make consumers...
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Expanded Lending Could Speed Up Housing Recovery
In recent months there have been many improvements seen across numerous aspects of the housing market, but some experts say that more lending from finance companies is helping to cover a shakier...
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Mortgage Rates Slip As Refinancing Drives Activity
Home affordability has been high for much of the year, as mortgage rates have been at less than 4 percent for all but one week in 2012, and that trend continued in the period ending Dec. 7 as well. At...
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Credit Scoring at Center of Mortgage Lawsuit
A company that did business with a controversial mortgage issuer may soon see resolution of a lawsuit that alleged the company misrepresented the quality of its loans in an effort to get them insured....
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The Biggest Credit Stories of 2012
Debt made its way into plenty of headlines in 2012, and not just the national debt, though that certainly garnered its share of attention in an election year. Consumer debt was also front and center....
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Fiscal Cliff Negotiations Could Hurt Underwater Homeowners
The fiscal cliff draws closer by the day, and federal lawmakers are now trying desperately to reach an agreement that is at least somewhat palatable to both parties. Now, those negotiations might...
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Foreclosure Review Deadline Looms: Opt In By Monday, Or Risk Losing Cash
If you were in foreclosure in 2009 or 2010, you’ve got until Monday, Dec. 31 to request of independent review of your case. You’ve got nothing to lose except a chance at free money. Pursuant to a...
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Mortgages in Better Shape in 2012
First-lien home loans performed well in the third quarter, according to a government report, though that performance dipped slightly from the previous three-month period. The Office of the Comptroller...
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Mortgage Breaks Spared in Fiscal Deal
While many homeowners may have been concerned about the effects that the recently-concluded fiscal cliff negotiations might have on their mortgages, it seems that their fears can be assuaged somewhat....
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Nationwide Home Prices Continue to Recover
Home prices grew in the first month of the fourth quarter, showing that a slow-but-steady recovery throughout the country, which could lead to a spike in mortgage activity. According to the Home Price...
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