Interest Rates Taking a Toll on Mortgage Prepayments
Rising interest rates took a toll on mortgage prepayments in January. Black Knight Financial Services said the pre-payment rate was down 29.83 percent compared to December.
Rising interest rates took a toll on mortgage prepayments in January. Black Knight Financial Services said the pre-payment rate was down 29.83 percent compared to December.
National delinquency rates continue at 10-year lows , and both early delinquency and transition rates are stable as well. But CoreLogic, in its July Loan Performance Report, points to what it calls some disturbing trends in localized areas. Foreclosure News
The Home Affordable Refinance Program has arguably been one of the most successful programs to assist homeowners affected by the subprime mortgage crisis. The HARP website claims that over 3.4 million homeowners have been assisted by the program, with around 1 million of those homeowners having been underwater . Foreclosure News
This chant has been going on for quite some time. Doom and gloom from the economic pessimists has been political sport for seven years, even though the Bush boom just celebrated its sixth anniversary. Foreclosure News
The National Black Theatre, a cultural institution in Harlem, is gearing up for a major revamp. According to The Real Deal , the theater is teaming up with L+M Development Partners to redevelop the site, which fronts a full block of Fifth Avenue between 125th and 126th streets, into a mixed-use building. Foreclosure News
The U.S. mortgage finance agency said it is working with loan servicers to ensure that no property inspection costs resulting directly from Harvey or Irma are passed on to borrowers who were impacted. “They may be able to put their mortgage payments on hold for up to one year if their mortgage is owned or…
A report says that ten years after the financial crisis a two-tiered housing market still exists in Cleveland, one of the hardest hit cities. The report from the Western Reserve Land Conservancy says even as regional house prices return to their pre-collapse highs before 2008, longtime homeowners and residents in poor, largely minority communities are…