There are different stages of foreclosure and the more you know, the more you can protect yourself.
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For the second consecutive meeting, the Federal Reserve Open Market Committee dropped short term interest rates.
Planning for the holidays can include welcoming guests in your home. For many, this means getting your home in order and that might include some light remodeling.
Sales of new, single-family homes bounced back in September after hitting a seven-year low in August, as reported by the U.S. Census Bureau and the Department of Housing and Urban Development.
Existing home sales at 8-year low according to the National Association of Realtors. Federal Reserve to meet next week.
According to CNNMoney.com, $50 billion in adjustable rate mortgages will reset in October 2007, driving interest rates up. Some may jump as much as 50%.
In a move to relieve some of the burden that faces homeowners filing for foreclosure, the US House of Representatives voted to remove a tax penalty known as phantom income tax.
The Mortgage Bankers Association announced this morning that applications for mortgage loans jumped 2.4 percent last week when compared to the week prior.
Mortgage activity tumbled for the second straight week, according to a survey released today by the Mortgage Bankers Association (MBA). Quicken Loans Chief Economist Bob Walters says purchase activity is indicative of recent housing trends, but an upswing in refinance activity is likely ahead.
The U.S. Census Bureau and the Department of Housing and Urban Development announced today that sales of new, single-family homes in August dipped 8.3 percent. Bob Walters, chief economist at Quicken Loans says the drop in home sales is not totally unexpected, given the recent turmoil affecting the mortgage industry.