Tag Archives: Processing Services

Mortgage delinquencies take a sharp turn up

The Home Affordable Modification Program has helped 865,100 homeowners avoid foreclosure, but more than 306,000 could not keep up with even the modified monthly payments, according to the Special Inspector General for the Troubled Asset Relief Program. The program does … Continue reading

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Housing Sentiment sours as mortgage rates rise

“Prices have to be lowered, more cash must be put into the transaction in the form of a down payment or to buy down the interest rate in order to qualify for the same house price,” said Hanson. “Buyers must … Continue reading

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Housing Sentiment Sours as Mortgage Rates Rise

“Prices have to be lowered, more cash must be put into the transaction in the form of a down payment or to buy down the interest rate in order to qualify for the same house price,” said Hanson. “Buyers must … Continue reading

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Homes Selling at Fastest Pace Since Boom

While homes are certainly selling faster, double digit price gains are not considered healthy, especially when wage growth is nowhere near that. At some point buyers will hit the wall, unable to afford the homes they want. (Read More: US … Continue reading

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As Mortgages Improve, Old Ills Still Hit Big Banks

“The five mortgage services that signed the National Mortgage Settlement are legally required to take specific, rigorous, and enforceable steps to protect homeowners,” Attorney General Schneiderman said. “Wells Fargo and Bank of America have flagrantly violated those obligations, putting hundreds … Continue reading

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