Is it possible to secure a refinance mortgage even with poor credit history? As the nation is donning a high unemployment rate and as an increasingly large number of people are defaulting on their loans, the credit rating has drastically fallen. If you own a home and you already have a home loan with high …
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Concerns have arisen in recent months about the possibility of a double-dip in home prices. At present, this appears to be less likely for the California median price than the US median price. Here’s why… California Market The CA median fell by nearly 60 percent from peak to trough, hitting bottom over two years ago …
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With delinquent mortgages at unprecedented levels, sheer market conditions command a staff the size of a small army dedicated to working with distressed borrowers. Servicers have added thousands to their loss mitigation teams over the past few years and most are still recruiting. Wells Fargo has hired and trained 10,000 additional people to work with …
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Foreclosure sales declined for the second straight month, while foreclosure starts increased, according to HOPE NOW’s monthly mortgage industry data for May 2011. Foreclosure sales nationwide decreased 7 percent from 73,000 in April to 68,000 in the month of May, according to HOPE NOW’s data. Foreclosure starts increased 8 percent from 163,000 in April to …