Freddie Mac Offers Distressed Homeowners a Complete Guide to Foreclosures and Alternatives

Freddie Mac is now offering distressed homeowners a complete guide to foreclosure and how to avoid it, from assessing your situation to what to do when your home has been foreclosed on, as part of a new website launched this week as a one-stop resource for homeowners. The "MyHome by Freddie Mac" site offers homeowners … Continue reading Freddie Mac Offers Distressed Homeowners a Complete Guide to Foreclosures and Alternatives

Job situation improves in nearly every state

Philadelphia Fed chart shows employment status in 50 states By: Brena Swanson/Housingwire.com The job situation improved in almost every state over the last three months, according to the latest state coincident indexes report from the Federal Reserve Bank of Philadelphia. The coincident indexes combine four state-level indicators to summarize current economic conditions in a single … Continue reading Job situation improves in nearly every state

10 tips for first-time homebuyers: How to navigate the real estate market

Homebuyers are caught in a storm of low inventory, high demand and tight credit availability. In these market conditions, even simple tactics or connections a potential homebuyer can have could make the difference between owning a home or not. Ray Brousseau, executive vice president of Carrington Mortgage Services’ mortgage lending division, outlined 10 tips to help … Continue reading 10 tips for first-time homebuyers: How to navigate the real estate market

Mortgage rates dip slightly after last week’s high

Average long-term U.S. mortgage rates eased this week after hitting their highest levels this year in the previous week. Mortgage giant Freddie Mac said Thursday the average rate on a 30-year fixed-rate mortgage declined to 4 percent this week from 4.04 percent a week earlier. The rate on 15-year fixed-rate mortgages slipped to 3.23 percent … Continue reading Mortgage rates dip slightly after last week’s high

Completed Foreclosures Decline But Remain At Double Pre-Recession Levels

While completed foreclosures on residential homes totaled 40,000 for April and have been steadily falling monthly for the last four years, they are still nearly double their pre-recession average per month, according to CoreLogic's April 2015 National Foreclosure Report released Tuesday. Completed foreclosures, which are a measure of homes actually lost to foreclosure, declined by … Continue reading Completed Foreclosures Decline But Remain At Double Pre-Recession Levels