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Americans Still Struggling to Cover Housing Costs
Economists and housing experts maintain that the housing crisis is long over, but many Americans beg to differ. In a survey of housing attitudes conducted by the John D. and Catherine T. MacArthur...
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Planning for the Unplanned Moments
Good, bad or indifferent, life happens. Sometimes, it’s expensive and comes out of the blue. Whether it’s plunking down money you don’t have for a new roof, a last-minute chance to book that dream...
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Over 40 Million Modified Mortgages are Underwater
More than 40% of the 2 million recently modified mortgages facing interest-rate resets are underwater, according to data released Monday by Black Knight Financial Services. By comparison, the firm’s...
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Homeowners With HAMP Loan Mods May Face Rate Increase
At-risk homeowners who took advantage of the federal government’s emergency plan to help them stave off foreclosure during the housing crisis have a new problem: looming interest rate increases. Banks...
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Reset Risk Worse than Expected for Underwater HELOCs
Home prices have not recovered enough to protect the states with high concentrations of home equity lines of credit whose rates are scheduled to reset in the next few years. According to RealtyTrac,...
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Foreclosure Activity Hits 19-Month High
US foreclosure activity reached a 19-month high in May as bank repossessions of homes continued to rise across the country. That doesn’t mean the housing market is falling back into disarray, however....
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Most Consumers Still Intimidated By Home Buying Process
Today, fewer consumers believe that it is difficult to get a mortgage compared with last year. However, the majority of respondents to an Ipsos and Wells Fargo survey still think the origination...
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Foreclosures Dip Below Pre-Crisis Levels
Foreclosure volume was down 3% for the first 6 months of 2015 compared with the same time span last year, a new report from RealtyTrac found. The number of foreclosures shrank 13% from the last 6...
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Can You Buy A Home Without Perfect Credit?
Buying a home requires having a healthy amount of cash on hand, a solid payment history over at least the past year or two, and a steady income. But you don’t need a perfect credit history. While...
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Can Churches and Nonprofits Boost Homeownership?
As part of a broader effort to attract more potential borrowers to its 3% down payment home loan product, the government-sponsored Freddie Mac is reaching out to faith-based organizations to help...
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