When the authors of the Home Value Forecast predicted a year ago that the U.S. real estate market was going to turn in a positive direction, they just did not think it would happen this quickly.
Article source: Broker Universe REO
Posts tagged Foreclosures
Distressed Property Investors Drive Housing Market Optimism
Fannie Mae Strives to Improve and Shorten the Short Sale Process for …
(LoanSafe.org) – New polices established by mortgage giants Fannie Mae and Freddie Mac are aimed to expedite the short sale process.
Short sales play a major role in the real estate market as borrowers have no other way out of their property but to sell for less than the amount owed on the mortgage. The National [...]
Mortgage Rates: Builder Confidence Improves As Low Interest Rates Remain …
Mortgage Rates: Builder Confidence Improves As Low Interest Rates Remain Intact
By: Rosemary Rugnetta | May 15th, 2013
Builder confidence improved during May as low interest rates remain intact leading to an increase of consumer interest in new homes. The National Association of Home Builders/Wells Fargo builder confidence index rose to 44 for the first time in [...]
Products Help Servicers Maintain Regulatory Compliance
As servicers try to comply with all of the new industry regulations being issued today, ISGN is doing their part in helping companies maintain compliance to these regulatory requirements.
Article source: Broker Universe REO
Short sales routinely show up in credit reports as foreclosures
The answer appears to be yes, and recently two federal agencies — the Federal Trade Commission and the Consumer Financial Protection Bureau — were asked to investigate why. The reality is this: The credit reporting system now in place does not have a separate code that distinguishes a short sale from a foreclosure. Yet there [...]
READ MORE »How to Get Qualify for FHA Streamline Mortgage Refinance Program
Pittsfield, MA — (SBWIRE) — 05/17/2013 — Real-estate-yogi.com is here to share its wisdom on the ins and outs of this process, such as:
- Qualifications for FHA Streamline Refinance
- The FHA Streamline Refinance Program
- No Verification Necessary
- “Purpose” for Refinance
Eligibility Requirements
Oddly enough, the FHA Streamline mortgage refinance program is one of the [...]
READ MORE »When short sales leave sellers short
WASHINGTON — Are large numbers of homeowners who have negotiated short sales with lenders at risk because of a startling omission in the American credit system? Do their credit reports and scores indicate that they were foreclosed upon, rather than having negotiated a mutually agreeable resolution with their lender?
The answer appears to be yes, and [...]
HUD: Single-Family Building Permits Up 27% in 1Q13
Through the first quarter, foreclosure starts fell 27% year-over-year while single-family building permits were up by 27%, according to data obtained by RealtyTrac from the Department of Housing and Urban Development.
Article source: Broker Universe REO
Loans offer hope to underwater homeowners – Walla Walla Union
Underwater on your mortgage? You may not be stuck. There are special loan programs for virtually every type of loan, whether it is backed or insured by Fannie Mae, Freddie Mac, the Federal Housing Administration or the Department of Veterans’ Affairs.
Since the government Home Affordability Refinance Program was created in 2009, it has undergone [...]
Short Sales Comprise Nine Percent of All Transactions in Q1
Both Fannie Mae and Freddie Mac have implemented policies to expedite the short sales process, including new resources to help determine property values, according to panelists at a property valuation forum during the Realtors Midyear Legislative Meetings Trade Expo. Short sales continue to represent a significant portion of the real [...]
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