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It seemed like a sure bet: with the nation’s banks and securities firms saddled with hundreds of billions of dollars in delinquent loans, a fortune might be made by bottom fishing for these assets. After all, desperate sellers might be willing to get out from underneath their toxic mortgages at any price. Right?
June 15 -
A correspondent lender for the first time will be offering the HarmonyLoan, a mortgage that give borrowers the option to adjust their rate downward or extend the fixed-rate portion of their home financing at regular intervals.
June 15 -
A program aimed at helping distressed California homeowners avoid foreclosures has received additional assistance from mortgage servicers.
June 15 -
With its financial incentives that helps buyers close on a Fannie Mae HomePath REO property about to expire at the end of this month, the government-sponsored enterprise has extended the program through Oct. 31 with an additional bonus.
June 15 -
Mountain Real Estate Capital, the equity investment arm of the Mountain Real Estate Group, has closed a joint venture for an undisclosed amount with Davidson Communities to purchase one community development in San Diego.
June 15 -
Albert Burney, an auction company specializing in land, commercial properties, home sites, homes and other high-end real estate, will manage three bank-ordered auctions in southeast Georgia and South Carolina through June 18.
June 15 -
Hilco Real Estate and Counsel RB Capital are conducting a sealed bid auction for two ground-leased airport properties.
June 15 -
Mortgage application volume increased by 13% for the week ended June 10, as those borrowers who can refinance are coming into the market, according to the Mortgage Bankers Association.
June 15 -
Kinecta Federal Credit Union, Manhattan Beach, Calif., said it is one of the first credit unions to offer a low downpayment mortgage that will help borrowers buy one of the more than 1 million foreclosed homes now owned by Fannie Mae.
June 15 -
Home purchases have picked up the past few weeks in Phoenix and Las Vegas, a sign that some of the hardest-hit housing markets may have hit bottom.
June 15
