Daily Archives: April 4, 2012

The Refi that Keeps on Taking

Posted on April 4, 2012 by

Holden Lewis, Courtesy of Bankrate.com, March 21st, 2012 Watch out if you refinance your mortgage under the terms of the huge mortgag servicing settlement that was filed last Monday.  You could end up in worse financial shape after five years. … Continue reading →

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Loan Performance Improves, Foreclosures Starts Down, LPS Reports

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04/03/2012 By: Esther Cho, DSNews.com Across the board, loan performance improved for February, and foreclosure starts were down compared to the month before in January, according to a report from LPS Applied Analytics. Despite the decrease in foreclosure starts, foreclosure … Continue reading →

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Obama says Housing still a Headwind for the Economy

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Posted by kpanchuk on 4/3/12, Housingwire.com President Barack Obama told journalists Tuesday that housing remains an economic headwind in an exchange that focused mostly on the health care law that hit the U.S. Supreme Court this week. While speaking to … Continue reading →

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Senate Banking Democrats Urge FHFA to Allow More Refis

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By Jon Prior • April 2, 2012 • HousingWire.com All 12 Democrats on the Senate Banking Committee urged the Federal Housing Finance Agency to remove even more restrictions to refinancing Fannie Mae and Freddie Mac mortgages. The FHFA eased several … Continue reading →

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Real Estate: Sales Increasing. Prices — Not Yet.

Posted on April 4, 2012 by

. Posted: 03 Apr 2012, KCM Blog In yesterday’s blog post, we explained that many experts believe home sales will increase in 2012. Today, we want to make sure that our readers realize that it will still take time for … Continue reading →

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Still Time to have Forgiven Mortgage Debt Excluded as Taxable Income

Posted on April 4, 2012 by

04/02/2012 By: Esther Cho, DSNews.com Homeowners who have had mortgage debt forgiven after a foreclosure, modification, or short sale may be able to exclude the canceled debt from their taxable income if they meet specific criteria. According to Gil Charney, … Continue reading →

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HOPE NOW Reports February Modifications and Foreclosures Down

Posted on April 4, 2012 by

  04/02/2012 By: Esther Cho, DSNews.com HOPE NOW, a private sector alliance of mortgage servicers, investors, mortgage insurers, and non-profit counselors, estimated 45,000 homeowners received permanent, non-HAMP loan modifications from mortgage servicers during February 2012, down from 56,000, or 20 … Continue reading →

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Spring Outlook: Reports from the Field suggests Better Days Ahead

Posted on April 4, 2012 by

04/02/2012 By: Carrie Bay, DSNews.com Despite the fact that key market indicators released in recent weeks have shown declines in home sales, anecdotal reports from real estate agents in the field suggest “better days are ahead for the industry,” according … Continue reading →

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