Where Prices Have Increased the Most in 2008
Posted on : 12/23/2008
U.S. Home values declined an average of 8.4 percent in the first three periods of 2008, down $2 trillion in total value, according to Zillow.com Real Estate Market Report, released this week.
Mortgage Rates Plunge to Record Lows
Posted on : 12/23/2008
In response to the Federal Reserve's cut in the federal funds rate to near zero, Freddie Mac reports that the 30-year fixed mortgage rate fell to 5.17 percent during the week ended Dec. 18--down from 5.47 percent last week and the lowest since the survey's inception in 1971.
Lenders willing to help struggling homeowners
Posted on : 12/23/2008
NEW YORK - As home foreclosures mount, mortgage companies are knocking on doors, sending letters and making phone calls with a simple message for struggling homeowners: They’d rather modify your loan than foreclose.
Homeowners Get Foreclosure Help
Posted on : 12/23/2008
For residents facing foreclosure, trying to get ahold of anyone who can help can be a daunting task. On Wednesday night, homeowners met face to face with a roomful of experts who they hoped could help them save their homes.
Streamlined Modification Program
Posted on : 12/23/2008
WASHINGTON, DC -- Fannie Mae (FNM/NYSE), today said that the Streamlined Modification Program (SMP) announced by the Federal Housing Finance Agency (FHFA) in November is now available to Fannie Mae servicers and borrowers as an option to help prevent foreclosures.
Housing permits, starts hit record lows
Posted on : 12/23/2008
NEW YORK (CNNMoney.com) -- Housing permits and starts fell to record lows in November, the government said Tuesday, in the latest sign that the housing market is continuing its decline.