Tag Archive | mortgage

Fewer Than 1% of New Loans Troubled

For the first time since May of 2007, fewer than 1% of new loans are classified as ‘problem’ mortgages, according to a new report from Lender Processing Services. The mortgage analytics firm paints a picture of fewer troubled loans and even says with new problem loans in March coming in at 0.84%, the rate is […]

HUD to Sell 40,000 Distressed Loans in 2013

In an effort to address the country’s shadow inventory and relieve high-foreclosure areas, the U.S. Department of Housing and Urban Development will sell thousands of severely delinquent mortgage loans insured by the Federal Housing Administration.Throughout the summer ahead, HUD will sell approximately 20,000 distressed loans via the Distressed Asset Stabilization Program in an attempt to […]

Homeownership Rate Lowest Since 1995

The U.S. homeownership rate declined in the first quarter, hitting its lowest value since 1995, signaling that buyers face substantial challenges in the current market, according to data released Tuesday. The homeownership rate declined to 65% in the first quarter, down from 65.4% during the same period in the prior year, according to a report […]

Don’t Be Surprised by Expenses of Homeownership

When Katie Cody bought her first home, she thought she knew everything there was about taking care of one. As a spokesperson for Lowe’s, the national home and hardware chain, she was steeped in the ins and outs of home maintenance. But even she wasn’t prepared for everything that comes along with a first home–the […]

Renting vs. Owning: How Do You Know Which Is Right for You?

At this time, when housing prices are starting to rebound and interest rates are still very low, a lot of people are saying that you should buy a house in 2013. But is homeownership the right choice for your finances? The answer, of course, is “it depends.” However, for many of us there is a […]