Since their conservatorship in Sept. 2008, Fannie Mae and Freddie Mac have undertaken actions that steered 3.9 million troubled homeowners clear of foreclosure or have provided alternatives to mitigate the negative effects of a mortgage default.This is according to a report submitted by their Read more
Mortgage Delinquency Plunges, Prepayments Soar
Jacksonville, Florida -- Black Knight Financial Services’ data show a downward shift of mortgage delinquencies in May 2017 following April’s uptick. It fell 7.13 percent month-over-month, according to BKFS’ First Look data.Prepayment activity also increased, soaring up 23 percent from the Read more
Be Careful When Choosing to Tap on Equity
Building your home equity is good. The more you pay against your mortgage, the higher the home equity gets. Once you have grown it high enough, you will be able to tap on equity.The economy is on a steady rise towards recovery. And when the market is doing good, you also expect your property’s Read more
How to Find Rehab Homes for Sale
Finding rehab homes for sale doesn’t mean looking in the “bad” parts of town or in the rundown areas. You could find rehab homes on the market in the most affluent areas. It is just a fact of life in our society today. People lost their jobs, house values decreased and people lost their homes. Read more
US Foreclosures Lowest In 12 Years
A foreclosure report released by housing market analysis provider ATTOM Data Solutions revealed that 77,049 properties in the US are in potential or in foreclosure status, a decrease from the previous month’s record and a 23 percent decline compared to the count a year ago. This is also the lowest Read more
