Fannie Mae, Freddie Mac Respond to Richmond, Calif. Eminent Domain Plan
If you can recall, the city of Richmond, Calif. stated close to two weeks ago that it plans to seize all of its underwater properties by eminent…
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President’s Speech Foreshadows Possible Changes to Conventional Mortgages
Even with all the government programs out there, from FHA loans that grew in popularity over the past year to VA mortgages to Connecticut’s own CHFA…
Read moreRichmond, Calif. Buying Underwater Mortgages: A Good Solution?
This past week, Richmond, Calif., announced its bailout for all homeowners currently dealing with underwater mortgages in the city. The city, which…
Read moreHas HAMP Actually Helped Homeowners Avoid Foreclosure?
The July 24 quarterly report to Congress from the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) revealed that as many as…
Read moreJumbo Loans, ARMs on the Rebound
In 2007, the housing crash hit real estate and the mortgage industry from multiple angles: homeowners with adjustable rate mortgages (ARMs) facing…
Read moreCoreLogic Report Shows Year-to-Year Decline in Foreclosures – But Not in Connecticut
The May National Foreclosure Report from CoreLogic gives solid evidence that, at least across the U.S., the real estate market is rebounding…
Read moreState of Connecticut’s Real Estate Market: Foreclosures Down in Fairfield County, Prices Increase in Eastern Region
Reports of Connecticut’s regional real estate markets surfaced over the past week, with varying results. According to CoreLogic, the…
Read moreMortgage Rates Increase to Four Percent: What Does This Mean?
After the housing market crashed in 2007, the FHA was the only agency, government or private, to see gains in the years that followed. As a result…
Read moreNationally, Underwater Mortgages Continue to Decline
After the housing market crashed in 2007, the FHA was the only agency, government or private, to see gains in the years that followed. As a result…
Read moreConnecticut Foreclosure Relief Bill Passes in House of Representatives
Reported on May 24, the Connecticut state House of Representatives approved a bill that provides homeowners facing foreclosure with more protections…
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