Archives for April 2018

The notion of buying a home with no money down is understandably alluring. But what looks sexy in a lender’s advertisement does not always translate into what is best for your financial well-being. What is a zero-down loan? Also known as 100 percent financing, zero-down loans require no down payment to purchase a home. For those with little to no cash in savings, these loans are touted as a Continue Reading

Up 4% but still down 19% from a year earlier and 32% from the post-crash high. A total of 189,870 U.S. properties with a foreclosure filing during the first quarter of 2018, up 4% from the previous quarter but still down 19% from a year ago and 32% below the pre-recession average of 278,912 per quarter from Q1 2006 to Q3 2007, ATTOM Data Solutions reported Thursday. It was the sixth consecutive Continue Reading

How is the housing market poised at the end of the first quarter of 2018 and what can one expect in the near and long-term future? A webinar about The State of the U.S. Housing Market by Carrington Mortgage Holdings hosted by Rick Sharga, EVP, Carrington Mortgage Holdings looked at the various indicators that are affecting the housing market today and how they would impact it in the Continue Reading

According to a new report by Moody’s Investor Service, Freddie Mac loans refinanced under the Home Affordable Refinance Program will continue to outperform pre-crisis Freddie loans that did not enter the program, but will also continue to lag behind post-crisis Freddie loans. The Home Affordable Refinance Program (HARP) was instituted by the Federal Housing Finance Agency in March 2009, designed Continue Reading