Freddie Mac has released a survey done in cooperation with Roper
Public Affairs and Media, a leading international market research firm
that shows 57 percent of borrowers who are behind in
their payments are unaware that their lenders may be able to offer them
workout options.
The study concludes that mortgage servicers can do
several things to improve communication and possibly debt resolution with
their borrowers:
The sales of new houses continued to decline in
December according to monthly data jointly released by the U.S. Census
Bureau and the U.S. Department of Housing and Urban Development.
Sales of new one-family houses during December were consummated at a
seasonally adjusted annual rate of…
Despite the steadily dropping sales throughout the year, 2007 ended up
with the fifth highest sales of existing homes on record. 5,652,000
existing homes sold during the year but this was 12.8 percent fewer units
than the 6,478,000 sold in 2006.
Lawrence Yun, NAR chief economist, said, “Home sales
remain weak despite improved affordability conditions in many parts of
the country, but we…
This morning the U.S. Census Bureau and the Department of Housing and Urban Development announced that builders continue to initiate the construction of new homes in lower numbers. According to the joint report, privately-owned housing starts for the month of January 2008 fell 14.2 percent month-over-month as compared to December 2007.
The National Association of Realtors (NAR) announced
on Monday that it is launching a new campaign, reaching
out to consumers “with the facts about homeownership and the value of
real estate as a long-term investment.”
NAR’s Public Awareness Campaign is centered around a new website…
The Standard & Poor’s/Case-Shiller home price index
for October, released on Wednesday, fell again for what is the 10th
consecutive month. The 6.7 percent drop from figures a year earlier was
the largest recorded by the index since April, 1991 when prices declined
6.3 percent.
Miami was the biggest loser in the broad index
with…
Before you can buy your dream house, you have to obtain financing. Finding the right mortgage can be a daunting task for the first time home buyer so we provide plenty of information and resources to help you find the mortgage that will meet your needs.
