NAR to Congress: Turn Fannie and Freddie into Non-Profits Freddie Mac speeds up availability of streamlined loan mods JPMorgan overcharged military families, improperly foreclosed The Nation’s Mortgage Horror Stories – finance.yahoo.com – · In one of the more highly publicized cases, earlier this year JPMorgan Chase realized it had overcharged and improperly foreclosed on the homes of a number of active members of the military.If you’ve been unable to refinance your mortgage or get a loan modification. t have an FHA or VA mortgage recast (although streamlined refinancing is available on both for borrowers who have kept.Foreclosure starts reach lowest level since 2005 In their "first look" report for October 2016, Black Knight Financial Services is reporting that foreclosure starts have hit their lowest level since January 2005. According to the report, October saw were 56,500 foreclosure starts (lowest in nearly 12 years) as well as a lower prepayment level than September.NAR challenges Congress to Act, Now! From a recent nar press release comes this story. The NATIONAL ASSOCIATION OF REALTORS® has stepped up its challenge to lawmakers encouraging them to take new, decisive actions to address the continuing problems in the housing industry, as well as the ongoing economic crisis.
$1.2 billion Fannie, Ginnie bulk MSR portfolio for sale CAR chastises lenders over short sales. Every year since 1988, our Women of Power & Influence Awards gala has.. past Chair of the US Federal Reserve, appointed by President Obama in 2014. The cure to zombie foreclosures
Real estate investor gets 7 years in $15M mortgage fraud scheme FLEMINGTON, NJ – A former lawyer from Flemington, who defrauded lenders out of $40.8 million in a mortgage loan scheme was sentenced Wednesday. New jersey; premier real estate in vacation.
RE Can you get a good auto loan rate after short sale? My husband and I had impeccable credit (above 800) prior to us closing a short sale last year (about 7 months ago). We unexpectedly got pregnant with our third child which means we need to invest in van to accommodate our three car seats.
One of the things you are doing in the short sale i attesting that you can’t afford the property (in lay terms). Several of the forms you sign allow the short sale lender to pull your credit now, during the short sale process. They will see what loans you have and if you have been obtaining new credit/loans recently too.
The seller is liable for paying liens until a short sale closes but often can’t afford to pay. Learn more about short sales and liens at Bankrate.com.
Pending home sales hit two-year high: NAR Stocks extended early losses in midday trading Thursday after U.S. pending home sales hit a nine-year high, concerning some investors that the latest sign of a robust housing recovery may be.
Yet today – with gas prices near $2 a gallon – only about 400,000 electric cars have been sold. Last year, sales fell 6 percent over the previous year. for electric vehicles are their high cost and.
Short sales allow borrowers struggling to make their payments to put their homes on the market for less than they owe on the properties. When offers come in from buyers, the bank or mortgage company has to approve the deal. Lenders will only do that when a short sale costs less than foreclosing.
It’s official: All 50 state AGs to review foreclosures But last year, the firm announced its official closing, scheduled for Feb. 20, after it came under scrutiny from state and federal agencies for "robo-signing," or mass producing foreclosure.
U.S. sales. over in the short term for both the U.S. and China. As pent-up anxiety and consumer sentiment worsens, we will likely see car purchases begin to decline. When you add this to increasing.
A short sale is a real estate transaction where the owner’s lender agrees to accept a purchase offer from a new buyer, short of what is owed by the original owner. This could be great for you, the buyer, but it could take a long time to move into your home.