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“Mortgage Rates Surge to Highest Levels in More Than 3 Years”

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“Mortgage Rates Surge to Highest Levels in More Than 3 Years”

From Matthew Graham at Mortgage News Daily: Mortgage Rates Surge to Highest Levels in More Than 3 Years Mortgage rates are in trouble. This will come as no surprise to regular readers. For the past few weeks, rates made several successive runs up to the highest levels in more than 9 months. It was...
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Posted in Mortgage Brokers | No Comments »

Zillow Forecast: Expect “Modestly Slower Growth” in January for the Case-Shiller Indexes than in December

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Zillow Forecast: Expect “Modestly Slower Growth” in January for the Case-Shiller Indexes than in December

The Case-Shiller house price indexes for December were released last week. Zillow forecasts Case-Shiller a month early, and I like to check the Zillow forecasts since they have been pretty close. From Zillow: January Case-Shiller Forecast: Modestly Slower Growth Expected The December Case-Shiller indices grew at a pace in line with prior months, with all...
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WSJ: IMF report shows Greek Debt situation worse than expected

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WSJ: IMF report shows Greek Debt situation worse than expected

Not a surprise … from the WSJ: IMF Draft Sees Greek Debt Reaching 129% of GDP in 2020 The International Monetary Fund now expects Greece’s debt to reach 129% of the country’s gross domestic product in 2020 … That is even further above the level most economists consider sustainable than previously thought, making it...
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Ongoing mortgage woes more than double Genworth losses

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Ongoing mortgage woes more than double Genworth losses

Genworth Financial (GNW: 7.82 -1.64%) reported a net loss of million, or 20 cents per share, in the second quarter, more than double the million lost one year ago. The company needed to boost reserves for its mortgage insurance business by an additional 0 million in the quarter. That segment actually lost 3 million,...
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whats the advantage of buying pre-foreclosures.how can i do that?can you buy the house for less than the loan?

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Investor Special. Take over payments for k. Principal balance of k, 6.875% fixed interest rate. Brick 3br/1ba. Just cosmetic repairs. Comps are running around 5k. Go to www.AtlantaCheapRehabs.com Video Rating: 0 / 5 Question by renan h: whats the advantage of buying pre-foreclosures.how can i do that?can you buy the house for less than...
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Posted in REOs and Foreclosures | 2 Comments »

FHA Title Seasoning: How can I sell a home I’ve owned for less than 91 days?

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Question by yablocksthetruth: FHA Title Seasoning: How can I sell a home I’ve owned for less than 91 days? For some anti-economy, anti-capitalism reason the FHA won’t finance homes that have been owned for less than 91 days prior to starting to market the property. How do I sell a home I’ve owned for...
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Posted in Short Sales | 1 Comment »

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