Mortgage giants Freddie Mac and Fannie Mae will provide several mortgage assistance options for those home owners affected by Hurricane Matthew in the Atlantic coastal areas. Options include forbearance for up to Twelve months or mortgage modifications. Mortgage Assistance Given to Hurricane ... » Learn More about Mortgage Assistance Given to Hurricane Affected Homeowners
Mortgage Tips
Likelihood of home price decreases? 4% and dropping
The likelihood of home price decreases throughout the United States over the next 2 years remains surprisingly low - only 4 %, in accordance with the Fall 2016 Housing and Mortgage Market Review provided by Arch Mortgage Insurance Company. Likelihood of home price decreases? 4% and ... » Learn More about Likelihood of home price decreases? 4% and dropping
Challenge remains regarding FHA condo financing
When H.R. 3700, the "Housing Opportunity Through Modernization Act," was signed into law earlier this year, the Department of Housing and Urban Development (HUD) had 90 days to weigh in on regulations related to Federal Housing Administration (FHA) financing for condominiums before changes ... » Learn More about Challenge remains regarding FHA condo financing
White House Urges More cost-effective Housing
The White House made a push to states and municipalities to relieve the red tape in order to pave the way for the growth of more affordable housing. White House Urges More cost-effective Housing "The accumulation of state and local barriers to housing development - including zoning, other ... » Learn More about White House Urges More cost-effective Housing
Mortgage fraud rate rising annually, report indicates
Property analytics provider CoreLogic released its annual mortgage fraud trend report this month, showing fraudulent activity was up marginally in the second quarter of this year compared to the same period last year. The report reveals that 12,718 applications (0.7 %) of U.S. mortgage applications ... » Learn More about Mortgage fraud rate rising annually, report indicates
