- Foreclosure Help
- Loan Modification
- economic news
- Mortgage Revision
- Credit
- home value
- Lenders
- Falling Home Value
- Refinance
- Obama Housing Plan
- Obama Financial Reform
- Real Life Stories
- unemployment
- Uncategorized
- Loan to Value
- Upside Down
- first time home buyer tax credit
- mortgage
- Loss Mitigation
- Conforming Loan
- bankruptcy
- Loan Default
- second mortgage
- Short Sale
- Short-Fi
- Jumbo Loan
- Deficiency Judgment
- personal finance
- mortgage fraud
- Nationwide Mortgage Licensing System
- Default
- credit cards
Topic: Loan to Value
Since the plan’s inception, the administration has tweaked the program to deal with second mortgages and to allow an increase in Loan to Value of up to 125%, where the home loan debt is worth 25% more than the home’s fair market value. New data from Equifax and Moody’s, as reported in The Wall Street Journal shows that these changes may not be enough.
By Paul M. J. Suchecki
Tags: Falling Home Value, first time home buyer credit, home purchase, mortgage...
No CommentsIt’s starting to look like a good time to buy a home. Last week, according to the Mortgage Banker’s Association, US mortgage applications lifted from a seven month low. Existing home sales rose by 9.2% in May compared to April. It was the first back-to-back monthly increase since September 2005, before the mortgage crisis hit.
It’s [...]
Today you can not only see your home from the air on Google Earth, but you can find out roughly how much it is worth. The two biggest free websites that offer this service are Zillow with 90 million homes listed and Cyberhomes now up to 76 million.
Knowing the estimated current market value of your [...]
When first launched last month, the Obama foreclosure plan was geared to deal with primary mortgages, but according to Credit Suisse Group, about half of badly delinquent borrowers also carry a second home loan. With falling equity, these borrowers have been placed in an untenable position. Now the Obama Plan is poised to help with [...]
By Paul M. J. SucheckiTags: foreclosure prevention, homeowner help, Loan Modification, mortgage advice...No CommentsWhen the news seems bad, it’s all too easy to curl up into a ball and hope that the world goes away. Denial and paralysis get you nowhere fast.
As I write this, I just learned the news of the biggest real estate bankruptcy in American History. General Growth, the owner of California’s Glendale Galleria has [...]
Default Deficiency Judgment personal finance credit cards Nationwide Mortgage Licensing System mortgage fraud Jumbo Loan Short Sale Short-Fi second mortgage Loan Default bankruptcy Loss Mitigation Conforming Loan Upside Down Uncategorized mortgage Loan to Value first time home buyer tax credit unemployment Real Life Stories Obama Financial Reform Obama Housing Plan Refinance Falling Home Value Lenders home value Mortgage Revision Credit economic news Loan Modification Foreclosure Help
December 30, 2009 10 Responses
Optimism, Albeit Guarded By Paul M. J. Suchecki
Comment by InsureQuotez: "Great web..."
December 30, 2009 10 Responses
Optimism, Albeit Guarded By Paul M. J. Suchecki
Comment by Cleaner: "Nice webpage."
December 30, 2009 10 Responses
Optimism, Albeit Guarded By Paul M. J. Suchecki
Comment by JusiaTara: "Hi, I am new..."
August 24, 2009 3 Responses
Who Will Answer the Phone? By Paul M. J. Suchecki
Comment by kassiecog: "Earlier I..."
