Lenders today continue to battle the headwinds of high unemployment, a stalled economic recovery, and a backlog of bad mortgage loans from the heyday of the housing boom – all contributing to a marketplace stressed with high levels of delinquencies and complex resolutions. While it will take some time to get out from under all …
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Prospective homebuyers cite worries about future unemployment, concerns about property affordability, and the local economic outlook as issues that hold them back from jumping into the market, according to an industry survey commissioned by Genworth. But the Virginia-based mortgage insurer says these economic concerns have not translated into excessive mortgage stress among recent U.S. homebuyers. …
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Make your home warm and inviting to boost your home’s value and speed up the sale process. 1. Start with a clean slate Before you can worry about where to place furniture and which wall hanging should go where, each room in your home must be spotless. Do a thorough cleaning right down to the …
According to the Federal Reserve in a DSNews.com article, the average American’s financial situation has improved. And that means good news for the mortgage market, which has been stressed by the recently increasing number of borrowers who have had trouble paying their mortgages because of deteriorating personal finances. During the third quarter (from July to …