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Archive for July, 2011

RealtyTrac: Metro Foreclosure Activity Stifled By Paperwork Jam

RealtyTrac: Metro Foreclosure Activity Stifled By Paperwork Jam

Foreclosure filings were down 84 percent during the first half of 2011 according to RealtyTrac, a sign that might normally be seen as good news. But as with so much else regarding mortgages and the foreclosure mess, the real story should be cause for concern. RealtyTrac reports that 178 of the nation’s 211 metropolitan areas […]

Posted in: Foreclosures
Should FHA Mortgage Lenders Get 100% Protection?

Should FHA Mortgage Lenders Get 100% Protection?

There are two interesting FHA mortgage figures floating around that may surprise a lot of people: At the end of June, the FHA had 7,151,199 single-family mortgages outstanding and these loans represent had a balance of $994.6 billion. That means the trillion-dollar mark should be hit fairly soon, probably in the next month or so. […]

Posted in: Mortgages
Mortgages: Should We Jail Optimistic Economists?

Mortgages: Should We Jail Optimistic Economists?

In Italy seven people have been indicted for failing to predict an earthquake that killed more than 300 people. “Six Italian seismologists and one government official will be tried for the manslaughter of those who died in the earthquake that struck the city of L’Aquila on 6 April 2009,” reports Nicola Nosengo with Nature News […]

Posted in: News
RealtyTrac — Foreclosure Filings Dive 29%. Is Housing Back?

RealtyTrac — Foreclosure Filings Dive 29%. Is Housing Back?

If we go by the numbers there’s good news on the foreclosure front. Okay, there’s relatively good news on the foreclosure front. Er, well, foreclosure activity is “better” in the sense of current numbers but we should be awfully concerned with what the numbers do not say. RealtyTrac reports that foreclosure activity in the first […]

Posted in: Mortgages
Buying from a Bunker: Service Members Can Secure Home Loans While Abroad

Buying from a Bunker: Service Members Can Secure Home Loans While Abroad

Military members live on the go. From domestic reshuffling to extended overseas deployments, service members and their families face frequent relocation. Hassles and headaches can easily follow. All that moving can take a toll on finances and credit health. But serving overseas doesn’t mean military members have to hold off on their pursuit of a […]

Posted in: Mortgages
Will Lower FHA Loan Limits Impact You?

Will Lower FHA Loan Limits Impact You?

So how big a deal are the lower FHA loan limits scheduled for October 1st? According to a new study from George Washington University, not much. A new report by Robert Van Order and Anthony Yezer shows that “the FHA still could serve 95 percent of its historic targeted market even if the maximum FHA […]

Posted in: News
What July 4th Really Means

What July 4th Really Means

Each year on Independence Day the U.S. is filled with parades, fireworks and hot dogs. July 4th is a great day to celebrate. The founding of the United States was a tremendous change from the governments and institutions of the time. Based in part on the writings of such philosophers as John Locke and Thomas Hobbes, the […]

Posted in: News