Counselors at the Homeowners' HOPE Hotline fielded nearly 60,000 calls in the third quarter, double the call volume in the previous quarter and more than a tenfold increase from that of a year earlier, according to the Minneapolis-based Homeownership Preservation Foundation.The hotline, which is dedicated to helping homeowners avoid foreclosure, offers personalized assistance with mortgage payment concerns. "Troubled homeowners are more aware of our services because of the intense media coverage surrounding the foreclosure crisis," said Colleen Hernandez, president and executive director of the foundation. The organization can be found online at http://www.995hope.org.
-
Affordability challenges also have some aspiring homeowners taking second jobs or looking to draw from retirement savings, according to Redfin.
40m ago -
The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.
March 28 -
Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
March 28 -
Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
March 28 -
The pending end of the program comes as over half of U.S. states have already ceased accepting new applicants for federal aid aimed to help struggling households with mortgage payments.
March 28 -
But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
March 28