January 20th, 2008
Time to take on that mortgage?
It may sound strange, what with all the bad news surrounding the housing and mortgage industries, but now may actually be a good time for consumers to take on a mortgage loan.
It may sound strange, what with all the bad news surrounding the housing and mortgage industries, but now may actually be a good time for consumers to take on a mortgage loan.
The mortgage industry in the third quarter of 2007 modified an estimated 54,000 loans and established repayment plans with another 183,000 borrowers to help prevent foreclosures.
We’ve all had neighbors who’ve been … well, let’s just say “less than ideal.”
It’s been a rough few months for Countrywide Financial Corp., one of the nation’s largest home lenders.
Hittner said that there are too many uneducated, untrained Realtors running around. He called for more extensive real estate education, and a tougher road to that real estate salesperson’s license.
Another high-profile major bank has fallen victim to the nation’s mortgage crisis.
Forecasting the real estate market is far from an exact science. And while I happen to agree with the vast majority of folks who are predicting another rough year, not everyone sees gloom and doom in 2008.
Officials with the largest trade group serving real estate agents said that housing prices in 2008 should initially hold steady and then begin rising later in the year. Prices should increase in 2009, too, the association says.
Individual homeowners aren’t the only ones suffering during the mortgage crisis. Some of the nation’s biggest mortgage lenders are feeling some pain, too.
If you’re a woman, homebuilders want to know what’s on your mind.
your one-stop real estate info blog!
Written by Dan Rafter [email] for b5media.
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