May 17, 2012
Mortgage Applications Surge 9.2% Mortgage applications soared 9.2 percent last week, as more Americans sought to take advantage of record low mortgage rates, according to the Mortgage Bankers Association’s weekly report....
May 16, 2012
BofA Offers Up to $30K to Owners for Short Sales In an effort to curb foreclosures, Bank of America is offering some of its defaulting home owners relocation assistance of anywhere from $2,500 to as much as $30,000 if they agree to complete a short sale....
May 15, 2012
Lenders Put Borrowers Through More Scrutiny Home buyers and refinancers applying for a mortgage are being caught off guard in what all lenders are asking for when approving a loan. The Wall Street Journal reports an incident where a borrower was even asked for a copy...
May 14, 2012
More Renters Are Finding It’s Cheaper to Buy With rising rents, more renters are being swayed into home ownership, even in pricey housing markets like New York. ___________________________________________________________________________________ Obama Calls for...
May 11, 2012
How Low Will Mortgage Rates Go? For the second consecutive week, fixed-rate mortgages reached new all-time records lows, offering another big boost to home buyer affordability. ___________________________________________________________________________________...
