Archive

Archive for June, 2010

5 states get mortgage help

June 23rd, 2010 No comments
Five states hit hard by the mortgage crisis will soon share $1.5 billion in federal funds to help the unemployed and the underwater who owe more than their homes are worth.

Half of all loan modifications delinquent again within year

June 23rd, 2010 No comments
More than half of all homeowners with modified mortgages fell at least two months behind in their payments a year after the adjustment was made, according to a federal report released Wednesday.

Got a million? Buy a house in Disney World

June 23rd, 2010 No comments
Mickey Mouse is about to welcome a bunch of new neighbors. On Wednesday, Disney unveiled a luxury residential community, with about 30 homes currently for sale at the Disney World resort in Florida.

New home sales plummet to record low

June 23rd, 2010 No comments
New home sales plummeted to a record low in May, the first month following the expiration of the homebuyer tax credit, snapping a two-month streak of increases.

Dallas: Fastest growing U.S. city

June 23rd, 2010 No comments
The booming Dallas-Fort Worth metropolitan area added more residents during the past decade than any other city in the United States.

Existing home sales slip 2% in May

June 22nd, 2010 No comments
Existing home sales slipped in May, the first month following the expiration of the homebuyer tax credit.

Mortgage modification plan helps few borrowers

June 21st, 2010 No comments
More troubled homeowners have fallen out of trial mortgage modifications than have received long-term help, a new government report shows.

Feds bust 485 mortgage fraudsters

June 17th, 2010 No comments
The Justice Department on Thursday trumpeted its efforts to crackdown on mortgage fraud, saying it launched an interagency plan to detect costly scams.

Oil spill victims get a break on mortgage payments

June 16th, 2010 No comments
Mortgage borrowers hurt by the Gulf oil spill may qualify for temporary relief from paying their mortgages, without fear of losing their homes.

75% of modified home loans will redefault

June 16th, 2010 No comments
Most borrowers who have had their mortgages modified through a government-sponsored program will redefault within 12 months, according to a report