The national mortgage delinquency rate (the rate of borrowers 60 or more days past due) declined in the first three months of 2012 to 5.78 percent. This improvement ends two quarters of increases that began in Q3 2011, according to TransUnion. Prior to Q3 2011, 60-day mortgage delinquency rates had dropped for six consecutive quarters. ... [Read More]
The national mortgage delinquency rate (the rate of borrowers 60 or more days past due) declined in the first three months of 2012 to 5.78 percent. This improvement ends two quarters of increases that began in Q3 2011, according to TransUnion.
Prior to Q3 2011, 60-day mortgage delinquency rates had dropped for six consecutive quarters. This latest quarter brings the delinquency rate to its lowest point since Q1 2009.
Between fourth quarter 2011 and first quarter of 2012, all but eight states experienced decreases in their mortgage delinquency rates.
House prices continue to face downward pressure and unemployment remains high, but many see the economic environment beginning to show modest improvement. Therefore, TransUnion’s forecast predicts mortgage delinquency rates to drift downward in 2012 as more homeowners are able to repay their mortgage debt obligations.
http://www2.realtoractioncenter.com/site/R?i=zZZnyKfImNyQ8PmnDIDvaA
With the recent landmark National Mortgage Settlement between the nation’s five largest real estate loan servicers and state attorneys general over faulty foreclosure practices, troubled homeowners are at risk of falling victim to scam artists offering mortgage modification and other foreclosure prevention services. C.A.R. wants to help consumers from being defrauded and has launched a ... [Read More]
With the recent landmark National Mortgage Settlement between the nation’s five largest real estate loan servicers and state attorneys general over faulty foreclosure practices, troubled homeowners are at risk of falling victim to scam artists offering mortgage modification and other foreclosure prevention services.
C.A.R. wants to help consumers from being defrauded and has launched a special section on car.org with information about forclosure-prevention, short sale, and other types of mortgage-related fraud, along with information on where to get help and where to report suspected cases of fraud.
http://www2.realtoractioncenter.com/site/R?i=K6Gb5mN3CidEVn8uFsKfiA
San Diego Union-Tribune There are many myths associated with HUD-approved counselors. Here are some common ones busted to give homeowners an idea of the benefits and limits of their services. Read the full story http://www.utsandiego.com/news/2012/apr/06/hud-counseling-agencies/ [Read More]
