First-time buyers are stepping forward, overjoyed at the idea of finally being able to afford places of their own. Retirees paying all cash also are getting into the game, yanking their money out of the volatile stock market and putting it back into real estate.
Even investors are returning to the closing table. They’re not flipping [...]
About half the drop in the median price was due to depreciation, while the other half came from a shift in sales toward distressed homes and the way those homes are financed, DataQuick said.
“What happens next to housing will be determined by the fate of the economy, and especially the job market, as well as [...]
The housing market decline that has triggered a wave of foreclosures and deeply eroded recent home equity gains is also opening the door to ownership for renters who can meet tightening lending standards.
With the departure of the easy credit terms that triggered the mortgage market meltdown, lenders have raised the bar on who can qualify [...]
Philadelphia courts will launch a pilot program next week requiring mediation between homeowners and lenders before foreclosure can occur.
The program is one part of a plan Mayor Michael Nutter unveiled Wednesday to address a nationwide mortgage crisis affecting many Philadelphia homeowners.
The city has already taken steps to address the problem, including delaying the sheriff’s sales [...]
The Federal Home Loan Bank system won permission yesterday to double the amount of capital that it can spend to purchase mortgage bonds in an effort to boost home lending and revive the nation’s housing market.
The Federal Housing Finance Board approved a plan that would allow the 12 privately financed, government-sponsored Federal Home Loan Banks [...]
In the famed Star Wars series, villains drew much of their power from the “dark side of the Force.” In the world of home equity loans, there’s also a dark side. Make sure that you understand it fully before you take out a big loan.
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While mortgage brokers are running in circles trying to find lenders for their customers, savings banks are quietly reaching out to provide mortgages and HELOCs to good credit borrowers.
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Back when dinosaurs roamed the earth, there was a thing called the Savings and [...]
Home equity loans grew popular in the 1980s, as lenders let homeowners borrow as much as 100 percent of their equity. But in 2007, that practice was given a major overhaul.
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During the wild and bullish price run experienced across housing markets at [...]
Home equity loans have turned easy credit into imminent disaster for insatiable borrowers. Soon, America may slide head-on into a mortgage-fueled recession.
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The current administration has racked up unprecedented debt, spending money as if there were no tomorrow. As the dollar continues to [...]
Rising default rates are prompting lenders to change their underwriting guidelines, making it more difficult for many to obtain home equity loans and other types of mortgage financing.
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In Aldous Huxley’s novel Brave New World, character John the Savage is forced into a [...]