5 states rush plans for $1.5B in housing funds – San Jose Mercury News
TopNews United Kingdom (blog) 5 states rush plans for $1.5B in housing funds San Jose Mercury News They also could help those unable to refinance because plunging home values have left them “underwater,” or give relief from second mortgage payments. … Paying homeowners to leave Omaha World-Herald Borrowers under foreclosure prevention... [Read more]
Mortgage bond money in demand – TMCnet
Mortgage bond money in demand TMCnet At the end of last week, $11 million of the mortgage money was still available, according to the El Paso Housing Fiance Corp., an independent agency created … and more Read More →
Underwater homeowners leave behind mortgages, but lenders can still come calling – Las Vegas Review – Journal
ABC News Underwater homeowners leave behind mortgages, but lenders can still come calling Las Vegas Review – Journal They haven't paid their $2400 monthly mortgage payment since October after failing to get a loan modification. Both have taken cuts in income. … Borrowers in foreclosure prevention plan losing mortgage aid Washington... [Read more]
More consumers pay credit card, but not mortgage (The Scranton Times-Tribune)
U.S. See the rest here: More consumers pay credit card, but not mortgage (The Scranton Times-Tribune) Read More →
Goverment mortgage plan aids 16 percent of borrowers (Eaton Rapids Community News)
WASHINGTON — The Obama administration’s mortgage relief plan has helped only about 16 percent of borrowers who signed up since its launch last year, and hundreds of thousands of homeowners are in limbo without an answer. Read this article: Goverment mortgage plan aids 16 percent of borrowers (Eaton Rapids Community News) Read More →
HUD assistant secretary says agency won’t raise FHA borrowing score – Denver Post
eCreditDaily.com HUD assistant secretary says agency won't raise FHA borrowing score Denver Post Stevens, who last month addressed a group of Colorado mortgage brokers, said the agency faces ongoing pressure to raise the minimum FICO score for FHA … Mortgage Q&A: FHA loans attractive for some Washington Times Industry Urges House Lawmakers... [Read more]
GMAC’s mortgage arm will be tough to unload (Detroit Free Press)
ResCap, the mortgage lending subsidiary of GMAC, “has been a millstone around the company’s neck” in the words of GMAC Chief Executive Michael Carpenter. But disposing of ResCap without crippling GMAC’s automotive lending business or adding to GMAC’s $17.2-billion debt to the U.S. See the original post: GMAC’s mortgage... [Read more]
Will mortgage rates rise? Fed action only part of the picture (Everett Herald)
Question: We have been hearing that mortgage rates will go up after March 31st because the Federal Reserve will stop buying mortgage bonds. Is this true? How does that work? Read the original post: Will mortgage rates rise? Fed action only part of the picture (Everett Herald) Read More →
Will mortgage rates rise? Fed action only part of the picture – HeraldNet
Will mortgage rates rise? Follow this link: Will mortgage rates rise? Fed action only part of the picture – HeraldNet Read More →
Ten Facts about Mortgage Debt Forgiveness – eMilitary.org
Ten Facts about Mortgage Debt Forgiveness eMilitary.org If your mortgage debt is partly or entirely forgiven during tax years 2007 through 2012, you may be able to claim special tax relief and exclude the debt … and more Read More →
