Strategic defaults replacing the thrill of home ownership
America’s star crossed love affair with home ownership is giving way to the infidelity of strategic defaults. In the second report in as many months, a growing number of bank risk officials expect...
View ArticlePresident Obama’s HARP 3.0: Streamlined refinancing for all
President Obama wants a streamlined HARP program for all homeowners, including those underwater, but who've continued to make payments on their home. The White House web site has dedicated a top-tier...
View ArticleColumbia Business School: HARP 3.0 could benefit 13 million homeowners, jolt...
The HARP 3.0 bill SB 3085, slowly making its way through Congress, could help at least 13 million households refinance, save them an average $3,000 a year and help them avoid foreclosure, all while...
View ArticleCalifornians get ‘Homeowner Bill of Rights’
California's state legislature voted this week to pass the Homeowner Bill of Rights, legislation introduced by Attorney General Kamala Harris and championed by consumer advocates and homeowners. The...
View ArticleGov. Brown signs California Homeowner Bill of Rights law
Attorney General Kamala D. Harris, the driving force behind the landmark housing legislation, announced that the California Homeowner Bill of Rights, which will protect homeowners and borrowers during...
View ArticleHigher home prices salvaging underwater homes; homeowners unable to sell,...
Rising home prices are slowly pulling home owners back from the brink of financial disaster and, perhaps inadvertently, homeowners are helping by staying out of the market.
View ArticleInfographic: National Mortgage Settlement a ‘drop in the bucket’
The $25 billion National Mortgage Settlement is the largest settlement of its kind, but given the level of negative equity suffered by U.S. homeowners, the settlement is far from enough.
View ArticleFHFA’s HAFA II offers more short sale relief for more homeowners
Enhanced short sale guidelines for Fannie Mae and Freddie Mac loans will enable more struggling homeowners to short sell their home faster and avoid foreclosure. The new rules include short sales for...
View ArticleAre banks gaming the National Mortgage Settlement?
The $25 billion National Mortgage Settlement has been criticized as a "drop in the bucket" toward relief for homeowners abused by foreclosing lenders and some critics wonder if it's even a drop.
View ArticleCitizen Law: ‘There Ought to be A Law’ program generates foreclosure...
A piece of citizen law is part of the final provisions in the California Homeowner Bill of Rights, which now awaits Gov. Jerry Brown's likely signature.
View ArticleInfographic: President Obama harps on HARP 3.0
HARP 3.0 has the support of independent, nonpartisan economists and leaders, but Republicans in Congress worked to block the vote.
View ArticleInfographic: How to rent your existing home to cover an underwater mortgage
Underwater homeowners can cash in on rising rents by renting out their existing home to move up, down or sideways to a different home or affordable rental and avoid selling at a loss – for now.
View ArticleHow to wait out creeping home equity gain
Home equity gain is growing, but if your home lost 50 percent or more of its value, the current rate of gain may not restore your original purchase value for a decade or more. Think like an investor...
View ArticleReason to give thanks: Many Silicon Valley home values have returned to 2005...
Happy Thanksgiving. The wait for the return to "pre-recession home prices" is over in some Silicon Valley neighborhoods. However, those who purchased at the peak of the market and still suffer values...
View ArticleTips for first-time landlords
Homeowners stuck with a mortgage larger than the value of their home, are cashing in on rising rents by renting out their existing home and moving to a home that costs less – if only temporarily.
View ArticleShort sale lease back alternative to foreclosure available
A Short Sale Lease Back program (SSLB) allows you to sell your upside-down home and remain there for up to three years while paying a fair market rent. SSLB is the brainchild of real estate broker Bob...
View ArticleDeadlineNews.Com’s offsite National Mortgage Settlement coverage
The National Mortgage Settlement continues to make the news and DeadlineNews.Com offers a one-stop spot for National Mortgage Settlement news that really hits home.The post DeadlineNews.Com’s offsite...
View ArticleHAMP, MHAP programs extended through 2015
The Obama Administration has announced an extension, through December 31, 2015, on its successful Making Home Affordable (MHAP) Programs, including other provisions of the Home Affordable Modification...
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