Tag Archives: mortgage

Short Sale Relief at Risk?

Posted on October 5, 2012 by The Agency Florida

Short sales are growing in popularity, but that may soon change. The “Mortgage Forgiveness Debt Relief Act and Debt Cancellation” is expiring at the end of the year, which could make more home owners think twice about doing a short … Continue reading →

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Shadow Inventory Threat Lessens

Posted on September 26, 2012 by The Agency Florida

The shadow inventory of troubled mortgages and foreclosed homes saw a 1.2 million decrease in the first half of the year, according to research conducted by JPMorgan Chase. Chase researchers expect that progress to double before the year’s end, too. … Continue reading →

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2 Ways to Become Mortgage-Free Faster

Posted on August 17, 2012 by The Agency Florida

Many home owners dream of one day being able to pay off their mortgage, but is it really possible? Home owners will need to take into account a variety of factors when deciding whether paying off their mortgage makes the … Continue reading →

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For Third Week, Mortgage Rates Inch Higher

Posted on August 17, 2012 by The Agency Florida

Fixed-rate mortgages once again inched up this week, the third consecutive week of increases after reaching all-time lows, Freddie Mac reports in its weekly mortgage market survey. “The latest economic indicators point toward low inflation but gradually stronger economic activity … Continue reading →

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Are Mortgage Lenders More Willing to Lend?

Posted on August 14, 2012 by The Agency Florida

Mortgage originations soared more than 48 percent in the second quarter compared to a year ago, Mortgage Daily reports. Mortgage originations were up 4.6 percent in the second quarter over the first quarter. More than half of all mortgage origination … Continue reading →

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Wells Fargo: Too Big to Lend?

Posted on August 13, 2012 by The Agency Florida

A wide variety of watchers are sounding alarm bells over San Francisco-based bank Wells Fargo’s massive share of the home mortgage business. Regulators and lawmakers are concerned about Wells Fargo’s dominance of the mortgage market, as it made 33.1 percent … Continue reading →

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Citigroup Offers Rental Proposal to Struggling Borrowers

Posted on August 13, 2012 by The Agency Florida

Daily Real Estate News |      Monday, August 13, 2012 In trying to limit foreclosures, Citigroup is launching a program to rent homes back to home owners who are struggling to make their mortgage payments instead of trying to evict them. … Continue reading →

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Metro Area Home Prices Rise

Posted on August 10, 2012 by The Agency Florida

Median existing single-family home prices are rising in more metropolitan areas, but a lack of inventory — notably in lower price ranges — is limiting buyer choices in an increasing number of markets around the country, according to the latest … Continue reading →

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Bank of America Mortgage Plan: Families Facing Foreclosure Can Rent

Posted on March 25, 2012 by The Agency Florida

Bank of America has announced a program that will let homeowners facing foreclosures stay in their homes as renters. The “Mortgage to Lease” program will start as a limited pilot program for up to 1,000 homeowners in Arizona, Nevada and … Continue reading →

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