by countyproperties | Jan 21, 2012 | Latest News, loan modification, Real Estate news, San Diego Foreclosure news, San Diego Short Sales
Fannie Mae will require mortgage servicers to install a new program providing forbearance relief to unemployed borrowers beginning March 1, according to guidance released Wednesday. Servicers will be able to provide up to six months of relief without getting approval...
by countyproperties | Jan 21, 2012 | Finance, Latest News, Real Estate news
Interest rates are the lowest in decades, enticing many borrowers to shop for a loan. Mortgage lenders adjust their rates based on perceptions of risk, so unless the borrower can show they’re a low-risk individual, the borrower is unlikely to qualify for a rate...
by countyproperties | Jan 21, 2012 | Latest News, Real Estate news
Sales of existing homes rose for the third straight month, increasing 5% in December, according to the National Association of Realtors. The trade group said the sale of single-family homes, townhomes, condos and co-ops increased to a seasonally adjusted rate of 4.61...
by countyproperties | Jan 21, 2012 | Latest News, Real Estate news
The housing sector will likely take incremental steps forward in 2012, though total originations will fall on fewer refinances, according to economists at Fannie Mae. The second half of the year should outpace the first six months in terms of growth, though fiscal...
by countyproperties | Jan 7, 2012 | Finance, Latest News, Real Estate news, San Diego Foreclosure news, San Diego Investment Properties, San Diego Real Estate, San Diego Short Sales
Just as in 2011, in 2012 many will be trying to figure out where housing is headed. While the housing market didn’t worsen in 2011, it also didn’t stabilize either. This year, the story will be about local markets. While many housing markets rose and fell...
by countyproperties | Dec 30, 2011 | Finance, Latest News, Real Estate news
More than 2.6 million households are at least 60 days delinquent on their mortgage payments, according to the nonprofit coalition Hope Now. While those who are delinquent 60-120 days can make back payments to help them become current, those who are more than two...
