Posted : September 7, 2009 11:44 PM | Posted By: Mark Limitt
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"The FHA's aggressive lending programs have continued throughout the housing downturn, causing its market share of the mortgage industry to grow from 2% in 2005 to 23% today. ... The FHA insurance fund, however, is likely running dry. ... Read On
Posted : August 24, 2009 9:14 AM | Posted By: Mark Limitt
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The desperately slow rate of loan modifications and the growing number of mortgage delinquencies are testing struggling homeowners' confidence in any hope of resolution. As such, homeowners need to be alert, proactive and make tough decisions. Lenders need to make it simpler for homeowners to work with them. Read On:
Posted : July 23, 2009 11:10 AM | Posted By: Mark Limitt
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Bank of America: Still, the short-sale process is notoriously slow and cumbersome. Unlike normal sales, the seller's lender must approve the deal and is often suspicious of lowball offers, potentially dragging out the process for months. About 60 percent of approved short sales do not ultimately close, largely because buyers walk away from the deals, according to Bank of America.
Posted : July 14, 2009 8:47 AM | Posted By: Mark Limitt
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Video Interview: Tax Economist Answers Questions About the Home Buyer Credit Rob Dietz, Ph.D., director of tax issues for the National Association of Home Builders, discusses the $8,000 first-time home buyer tax credit in this videotaped interview.Click Here