November marked another month of expansion for Freddie Mac's mortgage portfolio, which grew again as new business ticked up. According to Freddie Mac's monthly volume summary, released Monday, the company's total portfolio ended November at an estimated $1.9 trillion, up an annualized 0.4 percent. Year-to-date, the portfolio's growth rate is an average -0.7 percent, the … Continue reading Freddie Mac’s Mortgage Portfolio Expands For Third Straight Month
Tag: avoiding foreclosure
Getting a mortgage is about to get easier
By Les Christie @CNNMoney December 9, 2014: 7:48 PM ET NEW YORK (CNNMoney) For years now, if you didn't have near perfect credit and a hefty 20% down payment, chances were slim that lenders would give you a mortgage. But that's all about to change. That's because Fannie Mae and Freddie Mac, the two … Continue reading Getting a mortgage is about to get easier
Frequently asked questions about buying a short sale – freddieMac
What is a short sale? A short sale occurs when a property is sold at a price lower than the amount the homeowner owes on the mortgage, and the homeowner's mortgage lender(s) agrees to the "short" payoff. A lender might accept a short sale with the property worth less than the balance of the mortgage, … Continue reading Frequently asked questions about buying a short sale – freddieMac
Foreclosure Filings Up in July
Foreclosure activity on U.S. housing units showed a 2 percent increase in July from the previous month but was still down 16 percent from the same month last year, according to RealtyTrac's July 2014 U.S. Foreclosure Market Report released on August 14. RealtyTrac's study showed that 109,434 housing units in the U.S. reported some type … Continue reading Foreclosure Filings Up in July
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 … Continue reading MBA: Here’s why delinquency and foreclosure rates continue to drop
A snapshot of mortgage news across U.S.
Mary Umberger On Real Estate 8:20 p.m. CDT, July 20, 2014 Once again, the printouts heralding housing news that are heaped on my desk threaten to fall over and hurt me. In the name of safety, let's get the news (much of it mortgage-related) to the people: The ads touting reverse mortgages are hard to … Continue reading A snapshot of mortgage news across U.S.
CFPB Issues Ruling to keep Heirs from Falling into Foreclosure
DSnews.com When a borrower dies, the passing of property to the remaining family members can be a complicated process. Even if there are no issue with the borrower’s estate there can be issues transferring the mortgage to a party that had no previous relationship with the servicer. The Consumer Financial Protection Bureau (CFPB) issued guidance … Continue reading CFPB Issues Ruling to keep Heirs from Falling into Foreclosure
Bank Foreclosures Listed Far Below Regional Selling Prices
RealtyStore, a provider of a broad variety of real estate listings, recently released a report outlining average selling prices for bank foreclosures. The company found the median price of bank foreclosures for sale in six select states list at an average of nearly 50 percent below recent median existing-home sale prices. The states—Maryland, Massachusetts, Mississippi, … Continue reading Bank Foreclosures Listed Far Below Regional Selling Prices
Making an Offer on a Short Sale? What You Need to Know – Realtormag
Are you looking to buy a new home? Are you thinking that now's a great time to find bargains? Before you make an offer, it pays to know a little about the seller's situation. If a home is being sold for below what the current seller owes on the property—and the seller does not have … Continue reading Making an Offer on a Short Sale? What You Need to Know – Realtormag
Foreclosure and Shadow Inventory Both Decline in February
CoreLogic released its National Foreclosure Report for February, 2014, reporting 43,000 completed foreclosures for the month, a 13.1 percent decrease from January, 2014. Yearly, foreclosures declined 15 percent from February, 2013. Comparatively, foreclosures averaged 21,000 per month before the housing crisis from 2000 to 2006. Since September, 2008, 4.9 million foreclosures have been completed. As … Continue reading Foreclosure and Shadow Inventory Both Decline in February
The Law Office of Beth Mann, P.C. 