CHA ‘supervouchers’ spark federal probe

The internal watchdog of the U.S. Department of Housing and Urban Development is launching an investigation of a Chicago Housing Authority program that pays market-rate rents for poor people to live in some of the city’s most expensive apartment buildings. HUD Inspector General David Montoya is conducting an audit of the CHA’s use of federally … More CHA ‘supervouchers’ spark federal probe

Mortgage refinancing rates at their lowest in 14 months

If you are looking to refinance your home, mortgage rates are currently at their lowest levels in 14 months. However, there are still hundreds of thousands of households in the U.S. that have yet to take advantage of the Home Affordable Refinance Program. The average household saves over 30 percent in monthly payments with a … More Mortgage refinancing rates at their lowest in 14 months

MBA: Here’s why delinquency and foreclosure rates continue to drop

The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 6.04% of all loans outstanding at the end of the second quarter of 2014. The delinquency rate decreased for the fifth consecutive quarter and reached the lowest level since the fourth quarter of 2007. The delinquency rate decreased seven … More MBA: Here’s why delinquency and foreclosure rates continue to drop