Tag Archive | principal balance

HUD to Sell 40,000 Distressed Loans in 2013

In an effort to address the country‚Äôs 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 […]

5 Smart Ways to Spend Your Tax Refund

An estimated 75 percent of taxpayers are expected to receive a tax refund this year, with the average check coming in at about $3,000, according to the IRS. What will you do with your refund? Some ideas: Add to Your Investment Portfolio With the stock market hovering at 5-year highs, why not apply your refund […]