“Until the real estate market picked up, people wouldn’t even consider a move without the certainty that they could sell their homes,” says one relocation executive.
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Mortgage giant Freddie Mac announced that it will make its new streamlined loan modification program for delinquent borrowers available now, instead of holding off the launch date to July 1 as originally planned.
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After many complaints about checks that wouldn’t clear, the Federal Reserve announced about 96,000 borrowers who received a check as part of the foreclosure settlement received too low of an amount.
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Demand for green homes is growing, and research shows buyers are willing to pay the 5-10 percent higher price tag for green homes.
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According to analysts at the credit rating firm, the rise of short sales does not appear to be doing enough to speed up the resolution of distressed loans.
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