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Recent Posts
- Bay Area adjustable-rate mortgages return as interest rates rise
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- Housing Deconstructed Newsletter: Bay Area Housing Market Cooling Down, Burned Out House Listed for $765k, and SJ Offers RV Owners $500
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- Bay Area ‘Western White House’ sells far below asking price
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Homes Millbrae Pages
Tag Archives: Bank Of America
Mortgage Recovery Still Rocky
The trouble is, the banks are close to finishing their obligations under the settlement, and the largest, Bank of America, will not continue to offer principal reduction afterward. “The programs then going forward will provide for similar relief, but I … Continue reading
Housing Recovery Depends on Slashing Mortgage Debt
(Read More: Mortgage Deduction Is Popular, but Few Claim It) “The prospect of being taxed on potentially tens or hundreds of thousands of dollars in additional income may motivate more distressed homeowners to forgo a short sale and allow the … Continue reading
Posted in Real Estate News
Tagged Additional Income, Amherst, Bank Of America, Blomquist, Borrowers, Daren, Distressed Homeowners, Foreclosure, homes millbrae, Hundreds Of Thousands, Joseph A Smith, Loan Balances, Mortgage Debt, Mortgage Deduction, Mortgage Interest Deduction, Principal Reduction, Principal Relief, Quagmire, Realtytrac, Securities Group, Thousands Of Dollars
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Bank of America Slashes $4.75 Billion Off Mortgages
As part of the sweeping national mortgage servicing settlement that went into effect in March, officials at Bank of America said they are halfway to fulfilling their mandate of providing $7.6 billion worth of consumer relief. The bank [BAC Loading… … Continue reading
Posted in Real Estate News
Tagged Bank Of America, Bank Officials, Banks, Borrowers, Conference Call, Countrywide Financial, Financial Obligations, Foreclosure, Home Equity Loan, homes millbrae, Ills, Loan Balances, Loans, Mandate, Monthly Mortgage Payments, Mortgage Interest Deductions, Mortgage Servicing, Mortgages, National Mortgage, Slashes, Unpaid Principal Balances
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Is There a Housing Shortage?
It’s hard to imagine, given that the nation’s housing market is still digging itself out of an epic foreclosure crisis, that there just are not enough homes available to buy. That, apparently, is the case, according to the National Association … Continue reading
Posted in Real Estate News
Tagged Analytics, Association Of Realtors, Bac, Bank Of America, Buyer Interest, Chief Economist, Default Rate, Distressed Sales, Dozens, Five Months, Foreclosure, homes millbrae, Housing Market, Housing Shortage, Inventory Shortages, Market Cities, Nar, National Association Of Realtors, Price Increases, Rewards, Sacramento Ca
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