Home to Loan

In view of the fact that the $25 billion mortgage settlement with five of the nation’s largest banks was announced, borrowers across the nation wonder if or when they will benefit from it. “This historic settlement will provide immediate relief to homeowners, forcing banks to reduce the principal balance on many loans, refinance loans for [...]

Consumer confidence in the nation is rising slightly and so are predictions about home prices. Mortgage company Fannie Mae reports that its January survey showed 30 percent of respondents believe the nation is on the right track, up from 22 percent in December. Respondents also predicted home prices will increase by 1 percent over the [...]

Is President Barack Obama’s newest plot to allow millions more struggling homeowners to refinance their mortgages really further stalling a housing market recovery? Critics of the proposal, announced last week, say the chief drawback is that it’s setting up a delay in foreclosures, which, in turn, prevents home prices from hitting bottom. Republicans, who believe [...]

The nation added 243,000 jobs in January. That’s the largest gain in view of the fact that April and more than analysts had expected. The unemployment rate also fell slightly to 8.3 percent. Fantastic news! But not brilliant enough to cheer up the 12.8 million people who remain out of work. An additional 11 million [...]

The nation added 243,000 jobs in January. That’s the largest gain in view of the fact that April and more than analysts had expected. The unemployment rate also fell slightly to 8.3 percent. Fantastic news! But not brilliant enough to cheer up the 12.8 million people who remain out of work. An additional 11 million [...]

President Barack Obama has proposed allowing underwater homeowners to refinance their mortgages with FHA-insured loans. The proposed program would proffer today’s low tariff to homeowners who owe more than their homes are worth. The plot would be similar to the Home Affordable Refinance Program, or HARP, but it would apply to private mortgages that are [...]

Bank of America’s cash-for-small-sales pilot program to help Florida homeowners stave off foreclosure has been something of a brilliant news/terrible news scenario in view of the fact that its debut last October. Under the program, Bank of America offered $5,000 to $20,000 to homeowners who agree to sell their distressed property in a small sale [...]