Mortgage Acts and Practices
The U.S. Department of Housing and Urban Development has reportedly postponed a ban that was to prevent real estate professional from representing both buyers and sellers in FHA pre-foreclosure transactions.
Loan modifications are strengthening the housing recovery by helping decrease delinquencies and foreclosures, analysts say.
Mortgage rates inched lower after the Federal Reserve announced its decision to delay tapering its bond-buying program, offering some relief to home buyers.
Loan demand surged 11.2 percent last week as interest rates eased slightly from their yearly highs.
Some lenders are bringing back "lock and shop" programs to help home buyers lock in mortgage rates during their house-hunt so they won't need to fear rising rates.
New rules that go into effect on Sept. 30 will place more limits on how much and when home owners can tap the equity in their homes.
For the first time ever, interest rates for jumbo mortgage have dropped below the average rates for conforming mortgages.
Home owners in California may be less likely to consider a short sale now that the state failed to take action on legislation that would have given a tax break on short sales.
The billionaire investor is upping his stake in Wells Fargo, the nation's largest mortgage lender.