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Bank of America turns foreclosure-facing homeowners into renters
Bank of America: Lenient landlord? The bank is launching a pilot program that would allow customers with underwater mortgages to avoid foreclosure by becoming renters. In its testing stages, the Mortgage to Lease program will involve fewer than 1,000...
Tags: Financial and Business Services, KB Home, Bank of America Corp., Services and Shopping, Foreclosures
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Snags leading to more real estate contract cancellations
WASHINGTON — What's behind the unusually high rate of contract cancellations and settlement delays in the real estate market? With signs of recovery emerging in many parts of the country, shouldn't deals be zipping along with minimal complications?...Tags: Services and Shopping, Finance, Realty, Home Improvement, Real Estate Buyers
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Qualifying for a mortgage has gotten much tougher, analysis shows
WASHINGTON — How do you stack up as a potential mortgage candidate in this year's increasingly tough underwriting environment? Do you have the right stuff — credit score, debt-to-income ratio, equity or down payment — to get you...Tags: Services and Shopping, Finance, Mortgages, India, Land Price
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FHA rule change on 'collection' accounts could hurt home buyers
WASHINGTON — A little-noticed mortgage rule change that took effect April 1 could create hassles for significant numbers of home buyers who plan to use low-down-payment FHA financing this spring. The change affects anyone with one or more...Tags: Financial and Business Services, Credit and Debt, Theft, Finance, Mortgages
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FHA 'streamline refi' is a breeze for homeowners who qualify
The Obama administration's new plan to stimulate refinancings of FHA mortgages is likely to help large numbers of homeowners — even those who are deeply underwater — cut their monthly costs by switching to a loan with a rate below 4%. Here'...Tags: Prices, Money and Monetary Policy, Financial and Business Services, Economy, Business and Finance, Freddie Mac
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Watchdog challenges spending by Fannie, Freddie on convention trip
Of the more than $600,000 that Fannie Mae and Freddie Mac spent sending 90 employees to a convention in October, nearly half was of “questionable value,” according to a government watchdog group. The inspector general of the Federal Housing...
Tags: Economy, Business and Finance, Freddie Mac, Finance, Mortgages
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With stakes high in Florida, Romney keeps Gingrich on defensive
Picking up where their last debate left off, Mitt Romney and Newt Gingrich resumed battling Thursday night over personal integrity and the tenor of their respective campaigns, each accusing the other of unfair character attacks.
Romney, clearly itching...Tags: Ron Paul, Immigration, Finance, Mutual Funds, Finance
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Consumer bureau reviewing real estate appraisal fee disclosure
The new Consumer Financial Protection Bureau is working on a real estate issue that gets to the core of the agency's purpose: bringing clarity and better disclosures about the often opaque and costly fees that home buyers, sellers and refinancers are...Tags: Services and Shopping, Realty, Mortgages, U.S. Consumer Financial Protection Bureau, Real Estate Buyers
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Federal tax deduction for mortgage insurance premiums expires
Though its demise drew little attention because of the partisan year-end brawl over the payroll tax cut extension in Congress, a key mortgage financing benefit disappeared at the end of December: the ability of large numbers of home buyers and owners to...Tags: Prices, Energy Saving, Finance, Environmental Issues, Finance
Mar 23, 2012
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Apr 1, 2012
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Apr 15, 2012
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Apr 8, 2012
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Jan 7, 2012
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Jan 12, 2012
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Mar 18, 2012
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Feb 4, 2012
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Mar 22, 2012
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Jan 26, 2012
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Jan 29, 2012
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Jan 15, 2012
|Story| Los Angeles Times
Original site for Fannie Mae topic gallery.
