Financing

Fannie Mae is getting tougher on mortgage lending standards again. What will this mean for the housing market and will it ever get better?

Many firms are still promoting ‘strategic default’ or bankruptcy as a way for homeowners to escape being underwater and will twist the statistics to make it appear more appealing for their own benefit (it’s a great time to be an attorney).

Yes there are still a good number of foreclosures happening but the housing market is showing a lot of improvement but some still want you to freak you out and spread fear of weakness in the economy.

What if you owed the government or IRS even $46,000? Yet the government has collected and supposedly set aside $46 billion from tax money to stop foreclosures but isn’t using it for that!

Is having a large social media following more valuable than a great credit score for real estate investors?

Recent studies show 34% or more of foreclosures are now ‘strategic defaults’ so is it time you got on the bus? For those unfamiliar with the terminology ‘strategic default’ is basically opting to stop making mortgage payments and essentially volunteering to go into foreclosure.

California seems to be pulling out all stops in the war against foreclosure but is it enough or could some new moves actually do more harm than good?

Have you been ignoring your mortgage bailout check? The recent $25 billion mortgage settlement made way for homeowners who were victims of fraud by their banks to receive checks for up to $125,000 or even more. Other lenders have also been forced to offer to reduce the mortgage balances of their borrowers or to modify their loans.

How can you qualify for a mortgage for buying a home if you are low on savings and don’t have perfect credit?

New changes to the FHA streamline refinance program have just gone into effect, so is this a great mortgage option for you or just more hype for homeowners?