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Recent Posts
- Bay Area adjustable-rate mortgages return as interest rates rise
- San Francisco’s Housing Market Is Cooling Faster Than Rest of the Region
- Housing Deconstructed Newsletter: Bay Area Housing Market Cooling Down, Burned Out House Listed for $765k, and SJ Offers RV Owners $500
- SF can follow Calgary and turn empty downtown offices into housing
- Bay Area ‘Western White House’ sells far below asking price
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Homes Millbrae Pages
Tag Archives: Principal Reduction
New Foreclosures Plummet, but Fall Is Temporary
As such, the impact on foreclosure starts, while significant now, is likely to be temporary as the industry adapts to the new requirements, according to LPS’s Herb Blecher. In other words, the settlement designed to protect borrowers from faulty foreclosure … Continue reading
Posted in Real Estate News
Tagged Amherst, Bank Owned Homes, Bill Of Rights, Blecher, Borrowers, California Homeowners, Foreclosure Proceedings, Foreclosures, Goodman, homes millbrae, Housing Market, January 1, Legislation, Lps, Mortgage Applications, Mortgage Deduction, Pace, Pipeline, Principal Reduction, Twelve Months
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Builders Bump Up Thanks to Drop in Existing Home Supply
Sales of existing homes are recovering slowly, but a drop in supplies of those homes is pushing confidence among the new home builders to a six year high. There are just 2.1 million existing homes for sale, which is a … Continue reading
Posted in Real Estate News
Tagged Association Of Realtors, Borrowers, Current Sales, Existing Home Sales, Favorable Prices, Fence, Foreclosures, Home Builder, homes millbrae, Lenders, March 1, Mortgage Relief, Nahb, National Association Of Home Builders, National Association Of Realtors, National Mortgage, Negative Sentiment, New Home Builders, Principal Reduction, Rutenberg, State Attorneys
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Housing Alert: Short Sales May Be in Big Trouble
As lenders plow through a backlog of over five million delinquent mortgages, short sales are becoming an ever more popular escape route. A short sale is when the bank allows a home to be sold for less than the value … Continue reading
Posted in Real Estate News
Tagged Association Of Realtors, Big Trouble, Debt Cancellation, Debt Forgiveness, Delinquent Mortgages, Escape Route, Fannie Mae, Fannie Mae And Freddie Mac, Financial Incentives, Foreclosed Properties, Freddie Mac, Home Price Index, homes millbrae, Irs, Jamie Gregory, Last Spring, Lobbyist, National Association Of Realtors, Principal Reduction, Relief Act, State Attorneys
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Obama Gets Big ‘No’ On Slashing Mortgage Debt
Despite strong pressure from the Obama administration, a federal regulator will not allow Fannie Mae and Freddie Mac to reduce mortgage principal. The Federal Housing Finance Agency’s Ed DeMarco has previously opposed the program, which uses taxpayer money to pay … Continue reading
Posted in Real Estate News
Tagged Contract Risks, Debt Forgiveness, Fannie Mae, Fannie Mae And Freddie Mac, Federal Regulator, Freddie Mac, homes millbrae, Housing Finance Agency, Loan Balances, Loan Modification, Meaningful Improvement, Michael Stegman, Mortgage Contract, Mortgage Credit, Mortgage Principal, Operational Challenges, Principal Reduction, Term Consequences, Timothy Geithner, Treasury Secretary, Valid Contract
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Government Mortgage Bailout Numbers Still Weak
Page 1 of 3 | Next PageShow Entire Article The US Treasury just released its latest “scorecard” on the state of the government’s housing bailout. The numbers are still weak, compared to the overall picture. In May, 32,398 borrowers got … Continue reading
Posted in Real Estate News
Tagged 1 Billion, Borrowers, Boston Red Sox, Cyclicals, Foreclosure, Forgiveness, Government Mortgage, homes millbrae, Housing Bailout, Hurdle, Mortgage Bailout, New Numbers, New York Times, Pittance, Principal Balance, Principal Reduction, Scorecard, Stake, Trial Period, Us Treasury, Web Firm
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