Tag Archives: mortgages

Energy-Efficient Mortgages Gain Popularity

More home buyers and current home owners are weighing the merits of a “green” mortgage, according to U.S. News & World Report. Energy-efficient mortgages allow home...

City Moving Forward on Eminent Domain for Troubled Mortgages

Despite national controversy surrounding the issue of using eminent domain to stop foreclosures, the city of Richmond, Calif., will become the first to implement the practice. The city...

7 Banks Foreclosing on the Most Mortgages

A small portion of banks are servicing the majority of the mortgages in foreclosure. “The banks foreclosing on the most homes may not directly own the bulk of the mortgages,” 24/7...

15-Year Mortgages Gain Popularity With Buyers

Record-low rates are driving more borrowers to seek shorter term mortgages. Freddie Mac reports that nearly 16 percent of the fixed-rate mortgages that lenders sold to the agency...

BofA Remains Cautious on Mortgages

Bank of America, the nation’s second-largest bank, reports that mortgage originations soared 18 percent over year-ago levels, reaching $21 billion, but the company says it’s still...

FHA Weighs Rule Reversal, Boon for Condo Sales?

The Federal Housing Administration is reportedly considering revising rules that many in the real estate industry have called overly strict and that have left many condo units...

5 States With the Most Underwater Mortgages

About 22 percent of home owners nationwide are considered “underwater,” owing more on their mortgage than their home is currently worth, according to recent CoreLogic data....

Fed’s Latest Move May Send Rates Lower

The Federal Reserve announced Wednesday it will invest $400 billion in long-term Treasury securities over the next nine months, which is expected to send interest rates on mortgages...