State Takes Fresh Crack at Mortgages .
By NICK TIMIRAOS Fannie Mae and Freddie Mac will participate in a Nevada program that cuts loan balances for certain homeowners who are current on their mortgages and owe more than their houses are worth in what could be a model for other hard-hit states. Under a...
Refinancing Effort Grows, But Levels Still Low for Most ‘Under Water’.
By Alan Zibel The number of homeowners who have refinanced their home loans under a revamped federal program for those with sunken property values is rising, but the effort is just starting to reach the most severely “underwater” borrowers. Statistics released Friday...
Regulators Delay Mortgage Rules .
By ALAN ZIBEL WASHINGTON—Federal regulators delayed new rules to establish standards for the mortgage-lending industry, a move that could further hold back the thin market in mortgage-backed securities not supported by the federal government. The rule delay marks...
Consumer Financial Protection Bureau seeks further comment on Ability-to-Repay mortgage rule
Bureau Asks Public to Weigh in on New Data and Information WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) announced that it is seeking public comment on new data and information that it has received in a rulemaking to require lenders to...
Short Sales of U.S. Homes on Track to Exceed Foreclosure Deals
By John Gittelsohn - 2012-05-31T04:01:00Z Short sales of U.S. homes rose to a three-year high in the first quarter as banks agreed to let more borrowers unload property at a loss, putting the transactions on pace to surpass deals for foreclosures, RealtyTrac Inc....
Getting the Best Refinancing Deal
The Wallstreet Journal By RUTH SIMON There has never been a better time to refinance your mortgage. Rates are at record lows. The government is devising new programs to help homeowners. The economy and job market are improving, albeit slowly. In theory, those factors...
Negative Equity Rates: How Does Your Neighborhood Fare?
Today Zillow made waves by becoming the most broad and accurate public source of negative equity information. We’re now able to tell, down to the ZIP code level, what the rate of negative equity is, how far underwater homeowners are, and the delinquency rate of...
Most Underwater Homeowners Still Paying Mortgages
Nearly a third of homeowners with mortgages, or roughly 16 million borrowers, remained underwater on their home loans in the first three months of this year, an analysis from the real estate site Zillow finds. Underwater borrowers owe more on their mortgages than the...
HUD STUDIES SHOW HOUSING COUNSELING HELPS FAMILIES PREPARE
HUD No. 12-085 Lemar Wooley (202) 708-0685 FOR RELEASE Wednesday May 16, 2012 HUD STUDIES SHOW HOUSING COUNSELING HELPS FAMILIES PREPARE FOR HOMEOWNERSHIP AND KEEP THE HOMES THEY HAVE WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) today...
Tax Code Overhaul Must Be Made a U.S Priority
Tax Code Overhaul Must Be Made a U.S Priority, Camp Says By Richard Rubin - May 17, 2012 The U.S. Congress and President Barack Obama should endorse a fast-track approach leading to a rewrite of the tax code in 2013, Representative Dave Camp, the top House tax writer,...
FHFA Releases Draft Strategic Plan for Public Comment
FHFA Releases Draft Strategic Plan for Public Comment Washington, DC – Federal Housing Finance Agency Acting Director Edward J. DeMarco today released for public comment the Agency’s draft Strategic Plan: Fiscal Years 2013- 2017. FHFA is updating its plan in order...
HFAs, NCSHA, and Other Stakeholders Discuss Affordable Homeownership Programs at HUD Roundtable
May 09, 2012 HFA representatives from several states, NCSHA’s Garth Rieman, lenders, nonprofits, and HUD staff participated in an Affordable Homeownership Roundtable sponsored by HUD May 8 in Washington DC to discuss FHA’s mortgage insurance policies on affordable...