The foreclosure crisis isn’t over, but the pace of growth may finally be slowing down. RealtyTrac Inc. said Thursday that the number of U.S. households facing foreclosure in February grew 6 percent from the year-ago level, the smallest annual increase in four years. » Read more…
Tag Archives: homeowners
Foreclosure rates up by smallest amount in 4 years
Posted by MORTGAGE BLOG NEWS on March 5, 2011
None comments
New wave of foreclosures threatens market
Posted by MORTGAGE BLOG NEWS on March 4, 2011
None comments
The housing market is facing swelling ranks of homeowners who are seriously delinquent but have yet to lose their homes, and this is threatening a new wave of foreclosures that could hit just as the real estate market has begun to stabilize. » Read more…
Gov’t unveils plan to shrink some home loans
Posted by MORTGAGE BLOG NEWS on March 4, 2011
None comments
After months of criticism that it hasn’t done enough to prevent foreclosures, the Obama administration is announcing a plan to reduce the amount some troubled borrowers owe on their home loans. » Read more…
Should I be concerned about Ottawa’s new mortgage rules?
Posted by MORTGAGE BLOG NEWS on March 4, 2011
None comments
By Jonathan Chevreau
As of April 19, home-buyers will have to meet tougher standards to get a mortgage. Among the new rules is a requirement that borrowers be able to afford a five-year, fixed-rate mortgage,
even if they plan to stay short and variable. » Read more…
U.S. MBA Mortgage Applications Index Rose 13.6% Last Week
Posted by MORTGAGE BLOG NEWS on March 4, 2011
None comments
Mortgage applications in the U.S. rose by the most in seven weeks as the looming end of the homebuyer tax credit helped spark the biggest rise in purchases since January. » Read more…