Another record low for mortgage rates

Mortgage interest rates hit new lows this week as both the 30-year and the 15-year fixed-rates fell, according to a weekly survey by Freddie Mac. It was the second consecutive week that rates broke records. Read more here.

Tags: foreclosures, loans, mortgages, rates

Fannie, Freddie are set to reduce mortgage balances in California

As California pushes to get more homeowners into a $2-billion foreclosure prevention program, some Fannie Mae and Freddie Mac borrowers may see their mortgages shrunk through principal reduction. Read more here.

Tags: california, foreclosures, loans, mortgages, rates

White House details mortgage refinancing plan for homeowners

The White House hopes to help millions of homeowners lower their monthly mortgage bill with a $5 billion to $10 billion plan to set up a streamlined refinancing program for people who are current on their payments. Read more here.

Tags: foreclosures, refinancing, short sale, White House

Banks, regulators start massive review of foreclosures

Some people who lost their homes to a foreclosure system wrought with error and misconduct may now request their cases be independently reviewed and potentially may be compensated. Read more here.

Tags: distressed, foreclosed, foreclosures, REO, short sales, underwater

Search bank owned homes by city now!!

You can easily search for bank owned homes by city now making it as easy as it has ever been to find a great deal int his market. Start your search here now.

Tags: bank owned homes, deals, foreclosures, REO, short sale

Foreclosure filings down for 7th straight month

The number of foreclosure filings issued in April plunged 34% from a year ago — the seventh straight month of declines. And there were just 69,532 homes repossessed last month, a 32% fall from the peak last September just before the eruption of the “robo-signing” scandal, in which banks were found to be mishandling the foreclosure process. Read more here.

Tags: Bank owned, foreclosures, lender owned, REO, short sale