Author: Allison Adler
HUD Approved Housing Counseling Agencies to Receive $42M
HUD approved housing counseling agencies are set to receive more than $40 million in grant money, designed to help families find housing and avoid foreclosure. The housing industry is getting another boost from the feds, this time in the form …
Freddie Mac: Mortgage Interest Rates Edge Upward
Freddie Mac says fixed mortgage interest rates edged lower this week after last week’s slight upswing. After a slight increase last week, fixed rate mortgage (FRM) mortgage interest rates edged lower for the week ending March 1, 2012. They remain …
Fannie Mae Challenges Bank of America, Needs Another Bailout
Fannie Mae is asking for another bailout despite raking in billions in 2011, and another could be on the way if Bank of America doesn’t pay Fannie Mae what they owe. Fannie Mae is requesting yet another bailout, this time …
Foreclosure Process and REO Activity Increased in January
The foreclosure process and REO activity increased in January; is now expected to increase and accelerate according to RealtyTrac’s report. The foreclosure bottleneck is beginning to loosen, according to RealtyTrac’s U.S Foreclosure Market Report released Thursday. According to the report, …
Foreclosure Settlement Between States and Mortgage Lenders Totals $25B
The federal government and 49 states have reached a landmark $25 billion foreclosure settlement with the nation’s five largest mortgage lenders, the Department of Justice announced Thursday. The joint agreement is the largest federal-state civil settlement ever obtained. U.S. Attorney General …
Home Value Forecast Predicts Slower Decline in 2012
Did your home value decline this year? You’re not alone. Home values receded at a faster rate in the last quarter of 2011, but things may begin to slow down in 2012. According to Zillow’s Home Value Forecast, U.S. home …
Monthly Budget Tips for Renters
It’s January, and you know what that means: New Year’s resolutions. In addition to eating better and losing weight, many Americans resolve to get their finances under control by creating a monthly budget for themselves. Making a budget is essential …
Mortgage Fraud Investigations: The FBI’s 2010 Report
The FBI recently released its 2010 Mortgage Fraud Report and the findings are startling. Mortgage fraud continued at high levels in 2010, perpetrated by individuals whose main concern should be protecting their clients’ interests. The FBI’s long list of villains …
Chicago Foreclosures Under the Housing Market Recovery Radar
When the housing bubble burst in 2008, cities like Miami, Las Vegas, Phoenix and Detroit gained immediate notoriety for the huge downturn their real estate markets experienced. During the boom these markets experienced huge growth and skyrocketing home prices, and …
Vacation Homes for the Budget Conscious
We all know how it feels to return home from a great vacation wishing you could go back more regularly. It’s not uncommon to dream of buying your own vacation home in a location that has provided your family with great …
