Yes, another government program to help struggling homeowners, this one designed for those who cannot be successfully assisted by the Home Affordable Modification Program (HAMP). Under the Home Affordable Foreclosure Alternatives program ( HAFA), a borrower may be able to avoid foreclosure by completing a short sale or a deed-in-lieu of foreclosure (DIL). Although the outcome is still [...]
Entries Tagged as 'Real Estate'
Benefits of the New Home Affordable Foreclosure Alternatives Program (HAFA)
March 1st, 2010 · No Comments · Mortgages, Real Estate
Tags: deed-in-lieu of foreclosure·foreclosure prevention·HAFA·HAMP·Home affordable forclosure alternatives·Mortgage Loans·Mortgages·short sales
Two Regular Guys Take on the FDIC
February 26th, 2010 · No Comments · Mortgages, Real Estate
Getting outside of the “credit” box, I thought you would find the video down below of interest. It comes from a couple of guys who are actually doing something about all this financial craziness swirling around us. These guys are from Thinkbigworksmall.com (TBWS) which according to their website was founded in 2007 and has “a vested interest [...]
Tags: FDIC·foreclosure·loan modification·loss-sharing agreement FDIC OneWest Bank·OneWest Bank·Real Estate·short sales·TBWS·TBWS FDIC·Thinkbigworksmall
Down Payment Requirements for Some Conventional Loans Being Relaxed
December 30th, 2009 · No Comments · Banking, Mortgages, Real Estate
Finally, some news indicating that potential home buyers may soon have slightly fewer obstacles to overcome to get into a new home. A recent article in the Wall Street Journal gives examples of several mortgage insurers, MGIC Insurance Corp and Genworth Financial, both of which have made the decision to loosen restrictions for down payments in specific [...]
Tags: convention financing·down payment requirements·FHA·mortgage insurers·Mortgages·private mortgage lenders·Real Estate
U.S. Existing Home Sales Continue to Rise Upward
December 24th, 2009 · 1 Comment · Mortgages, Real Estate
The combination of low mortgage rates, tax incentives and plenty of inventory to choose from seems to be working to stimulate home sales, according to the latest figures released by the National Association of Realtors (NAR). The numbers for existing home sales (which includes single-family, condominiums, townhomes and co-ops) for the month of November were [...]
Tags: First time homebuyer tax credit·home sale statistics·home sales·housing market·Real Estate·Real Estate Market
