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Federal Housing Administration

Urgent Information – FHA Loan Limits Steady Housing Market

May 19, 2012 0 Comments

by Steve Rhodes Urgent Information – FHA Loan Limits Steady Housing Market Article by Kate Ford Contemplate 1934. America is swallowed up in The Great Depression. Only 40% of America is a homeowner. The normal mortgage is limited to 50% of the home’s value. If you want to buy a home, that means you must [...] Read more
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FHA

RealtyTrac: Foreclosures Decline Substantially in April

May 18, 2012 0 Comments

by Rajesh_India Declines concentrated in the West, 11 of 20 Metros See Increases According to RealtyTrac, foreclosures fell broadly in April. Foreclosure filings (which includes default notices, scheduled auctions, and repossessions) were issued for almost 189,000 homes in April, the lowest since July 2007.  This represents 5 percent decline from Read more
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Foreclosure

Mortgage Rates Improve as Jobless Claims Remain Flat

May 18, 2012 0 Comments

by Steve Rhodes The Weekly Jobless Claims report chart above resembles a lake with barely a ripple.  First-time claims for unemployment insurance benefits stayed at the same level as the previous report suggesting that the US jobs picture is locked-in a period of stagnation–no gains, no losses.  With two other relatively negative economic Read more
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HUD

Real Estate Bargains In The HUD Repo Market

May 17, 2012 0 Comments

by Greg J. Miller Real Estate Bargains In The HUD Repo Market Article by Jack Sternberg HUD is short for the federal agency called the “Department of Housing and Urban Development.” The agency offers homes to “owner-occupant purchasers”; in other words, to people who are buying the home as their primary residence. However, Read more
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Foreclosure

Diversion of Mortgage Settlement Money Continues

May 16, 2012 0 Comments

by Vlastula I discussed this topic a little bit yesterday, but in light of a New York Times article by Shaila Dewan this morning, I think it is worth further delving into the diverting of mortgage settlement funds to make up state budgetary shortfalls.  From the Times: “Hundreds of millions of dollars meant to provide [...] Read more
Category: foreclosure
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