December 31st, 2007
Delinquencies up on “no-doc” loans
Delinquencies on mortgages made to borrowers who can’t completely document their income or assets are on the rise, according to a recent story by Reuters News.
Delinquencies on mortgages made to borrowers who can’t completely document their income or assets are on the rise, according to a recent story by Reuters News.
At least one group of homeowners is benefitting from today’s buyer-friendly real estate market: those opting to move from pricey urban areas to less expensive rural ones.
The U.S. Commerce Department reported that sales of newly built homes fell to a 12-year low in November.
It’s good news if you’re buying a house, terrible if you’re selling one: Housing prices across the country continued their fall in October.
Is it Vegas? Who knows, but Nevada once again ranks as the fastest-growing state in the country.
When it comes to green building, I always ask one question: Does building environmentally friendly residences and commercial properties bring any benefits to developers and builders? There’s more evidence than ever suggesting that yes, it does.
What should we do with all the homeowners who are struggling to make their mortgage payments? What about those who are facing foreclosure?
Last week, the magazine published a report on what it calls the country’s 15 “blue chip” neighborhoods. Housing values in these most desirable of neighborhoods not only held held steady during the housing downturn, they actually increased.
A growing number of homeowners are asking their local governments to reassess the value of their homes.
There are many, many homeowners out there who truly were victimized by mortgage loan officers who convinced them to take out inappropriate loans. These loan officers knew that when their loans adjusted, these people would have no chance to make their monthly mortgage payments.
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Written by Dan Rafter [email] for b5media.
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