Mortgage delinquencies inched up, in part from natural disasters hindering homeowner performance, but a stronger economy is still keeping them low, according to the Mortgage Bankers Association. The delinquency rate for single-family residential properties rose slightly to 4.47% of all loans outstanding at the end of the third quarter, marking an increase of 11 basis […]
From Freddie Mac's weekly survey: Jumping 11 basis points, the 30-year fixed rate is at its highest level since February 2011, averaging 4.94 percent. The 15-year fixed jumped 10 basis points, averaging 4.33 percent.The Mortgage Bankers Association reported a 4 percent decrease in loan application volume from the previous week. Foreclosure News
Typically, if you want a lower interest rate, you have to refinance. Even if you keep your loan with the same lender, they require you to apply for a new loan, pay off the old loan, and start fresh with the new loan with the lower interest rate. Foreclosure News
This is going to be one of those occasional posts that gets expanded and reposted from time to time. This list is not exhaustive, although over time it is intended to become closer. Foreclosure News
Ditech and Nationstar Mortgage are both small-cap finance companies, but which is the better stock? We will contrast the two businesses based on the strength of their profitability, risk, institutional ownership, valuation, dividends, analyst recommendations and earnings. Nationstar Mortgage has a consensus price target of $ 17.00, suggesting a potential downside of 6.95%. Foreclosure News
Reverse mortgages have downsides, including equity-reducing fees and potential financial burdens to heirs – not to mention running out of equity before you run out of expenses. Consider these alternatives to a reverse mortgage before you commit. Foreclosure News
Not too long ago, homeowners who experienced bad luck and lost their homes due to financial troubles beyond their control had a reasonable method to fast track their re-entry into the real estate market. Today, a consumer who sells his or her home in a short sale or loses it in a foreclosure would have […]
Signs such as this were common during the Great Recession 10 years ago. Foreclosures and mortgage delinquency rates now stand at pre-recession levels across the country. Foreclosure News
From Freddie Mac's weekly survey: The 30-year fixed rate exploded, averaging 4.90 percent, up 19 basis points from last week. That's the highest rate since April 2011. Foreclosure News
The mortgage delinquency rate fell to a 12-year low, with declines expected to continue as the unemployment rate stays down, according to CoreLogic. About 4.1% of mortgages were in some state of delinquency in July, down 0.6 percentage points from 4.7% a year ago. Foreclosure News