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- Is the Housing Market Getting a Little “Bubbly” All Over Again?
- FHA Mortgage Insurance: Big Changes On the Way, And Not For the Better
- Ten-Year Treasury Yield And Mortgage Rates Increase Aggressively
- Mortgage Advertisements: Pay Attention to the Fine Print
- Fed to Continue Buying Bonds for Forseeable Future?
- Avoid This Deal-Killing Mistake the Next Time You Apply for a Mortgage
- Home Affordable Refinance Program (HARP) For Underwater Homeowners Extended to 2015
- Large Cyprus Depositors Could Lose Up to 60% of Their Account Balances
- Eurozone to Cyprus: Take the Bailout, Or Else
- Cyprus Bank Levy Voted Down, But the Damage is Probably Already Done
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Pending Home Sales Index Slips Slightly From February, Still Up Significantly From 2010 Lows
February’s Pending Home Sales Index slipped 0.5 percent from the month prior to 96.5, according to data from the National Association of REALTORS®. The Pending Home Sales Index reports the number of homes nationally that are under contract but are not yet sold. Continue reading
S&P/Case-Shiller: Home Prices Hit 10-Year Low
The affordability picture continues to improve in the housing market. According to the S&P/Case-Shiller home price index, home prices are at the lowest they’ve been since 2002. Between low home prices and low interest rates, home affordability hasn’t been this good in a very long time. Continue reading
Bank of America Tests Renting to Distressed Homeowners as Foreclosure Alternative
Bank of America is starting up a pilot program in three states that would allow homeowners facing foreclosure to hand over their properties to the bank in return for mortgage forgiveness and the right to rent the property for three years. Continue reading
OnlineCollege.org: The Surprising Side Effects of Rising College Costs
OnlineCollege.org has a great infographic that builds on the theme of my post last week about how a growing student loan burden impacts important life decisions of college graduates. Because of high student debt loads, college graduates are having to delay important life milestones such as getting married, buying a home, and having children. Continue reading
Are Student Loans The Next Debt Bubble?
Thanks to skyrocketing college costs, more students are graduating with large amounts of student debt that will restrict their financial freedom for many years to come. As of late last year, total student loan debt in the United States eclipsed credit card debt – and the burden is continuing to grow. Might student loan debt be the next big bubble to burst? I think so. Continue reading
NAR: Existing Home Sales Up 9% From This Time Last Year
Despite sparse home inventory, the National Association of REALTORS reports that 4.59 million “existing homes” were sold in February on a seasonally-adjusted, annualized basis.
There are now just 2.43 million homes for sale nationwide — a 19% reduction versus a year ago. According to the NAR, existing homes are selling at a pace that would liquidate the inventory in 6.4 months. Many analysts consider a 6-month supply indicative of a market in balance. Continue reading
Can I Purchase a Home After Bankruptcy?
If you’re asking can I purchase a home after bankruptcy? – the answer is yes! You certainly can purchase a home, but be prepared for some limitations. Bankruptcy is considered a very negative credit event by lenders, so don’t be surprised if banks are wary of lending to you right away. Continue reading
Posted in Mortgage Lending
Tagged Bankruptcy, Can I Purchase a Home After Bankruptcy, Home Loan, Mortgage, Real Estate
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National Homebuilders: Market Confidence Unchanged in March But Significantly Better Than Six Months Ago
National homebuilders report that conditions in the new single-family housing market are getting better, but confidence levels are still far below what was seen even during the recession of 2001.
In March, for the second consecutive month, the National Association of Homebuilders (NAHB) reported a Housing Market Index (HMI) reading of 28 – a doubling of the reading from just 6 months ago and the highest HMI value since June 2007. Continue reading
Loans For Underwater Homeowners: HARP 2.0 Now Available
The new, revamped HARP program is now available. It was officially released Saturday, March 17, 2012 by Fannie Mae and Freddie Mac. Continue reading
