It is a well-known fact now that the Housing and Mortgage industry can never be absolutely stable and will always see highs and lows all the time. The same thing happened with the start of 2013. Our last blog specifically discussed the mortgage statistics in first quarter.
The mortgage industry is seeing its highs and lows this year with trends in favor and against the industry. The mortgage industry started expecting much more with the beginning of second quarter but the Government Shutdown made it difficult again. A look at the first
You have landed at the right page if you have been looking all over the internet to find information about placing a request for Home Affordable Modification (HAMP). This process can get cumbersome for some people who do not have the right information with them
Federal Housing Administration or FHA provides loans that are easy to qualify than other conventional loans. The housing market is in a good condition for the buyers because of the decrease in property rates and interest on loans. It is the best time to buy
Government shutdown can cause many problems and can affect large number of areas. The housing market has seen great improvements in the last months and industry experts were expecting this to improve till the end of this year. However, this government shutdown has changed the
A report released by non-profit firm, Tax Foundation, reveals the scariest statistics about consequences of ending Mortgage Interest Deduction. MI deduction has always been the hot topic for debate and an end to this can have some serious consequences. According to the report from Tax
Home Equity Conversion Mortgage program (HECM) will be revised with some changes and may come into effect in the month of October. Federal Housing Administration (FHA) will receive new changes from the House and the U.S. Senate that may go into effect from 1st October 2013.
Home finance write-offs year-to-date in July 2013 dropped by 22% this year and it is also being termed as the highest drop since 2007 according to a report from Equifax. The Chief Economist, Amy Crews Cutts, of Equifax has quoted, “Only two major consumer credit
Independent Foreclosure Review Settlement has seen about 3 million people cashing or depositing $2.6 billion+ in checks. The regulators were eyeing on finalizing the settlement by the end of summer. It went on as a mass mailing that was under a massive deal with 13
2013 has been a year of recovery for the housing industry and the nation is praising it for the same. The housing recovery has been quite a relief for everyone and homebuyers are seemingly becoming confident for buying homes. If we look at the records