Is The Canadian Housing Market Sustainable?
Is the Canadian economy a success story that we should follow, or are the Canadians traveling down the same path as the American economy? This is an important question for the citizens here in the U.S. We are watching as Canada announces better economic numbers and predicting increasing home sales. According to Canada Mortgage and [...]
‘Seasonality Disorder’ In The Housing Market?
Credit research company TransUnion has just released a report that shows mortgage loan delinquencies have increased and are up for the 12th quarter in a row. RealtyTrac predicts the number of foreclosures will increase to three million in 2010. Some experts see this number as conservative. The total unemployment number is also expected to rise [...]
FTC Proposes Up-Front Fee Ban for Mortgage Modifications
The Federal Trade Commission has proposed a new rule that would ban third party mortgage companies from charging up-front fees for mortgage modification and foreclosure rescue. Under the new FTC rule, third party mortgage companies would only receive payment after services are completed for the borrower. These companies would also be required to disclose the [...]
Report: HAMP Program Only Making A Dent In Foreclosure Crisis
A report released this week says the nation’s foreclosure crisis is on the verge of deepening. This is according to the State Foreclosure Prevention Working Group, which is made up of 12 state attorneys general and 3 banking regulators. The group collected data from 13 different mortgage servicers for two years. This is their fourth [...]
Pending Home Sales Drop, Market Looks Bleak
The National Association of Realtors’ index on pending home sales dropped by 16% in November. This is more than three times what economists expected to see. The pending home sales index showed a decline in every region, 26% in the northeast and mid-west, 15% in the south and 3% in the west.
The drop-off was initiated [...]
Unemployed Homeowners Might Receive Assistance
Advocacy groups are meeting with officials from Housing and Urban Development, the Treasury Department and the White House Economic Council. These groups hope officials will take part in an existing $75 billion program to help homeowners modify mortgages and implement a program that would help the jobless stay in their homes. Spearheading this program is [...]
-
Recent Posts
-
Sponsored by
-
Archives
-
Blogroll
