Mortgage and finance

July 17, 2009 Elad Bushari

Freddie Mac Calls for Appropriate Comparables (Finaly)

A July 10 lender bulletin from Freddie Mac says appraisers "must be familiar with the local market," select "appropriate comparable sales," and certif...
July 17, 2009 Elad Bushari

The Impact of Interest Rates On The Value Of A Home

Some home buyers are sitting on the sidelines waiting for housing prices to hit bottom. It makes sense to buy a house at the lowest price possible but...
July 7, 2009 Elad Bushari

Boston Fed: lenders fear re-defaults

Researchers at the Boston Fed recently concluded that a pair of reasons lie behind a reluctance on the part of mortgage lenders to renegotiate trouble...
June 30, 2009 Elad Bushari

Mass Mortgage Rates Still Highest In Nation

Even though the average 30-year mortgage rate in Massachusetts fell to 5.57 percent last week from 5.68 percent the week prior, rates in the Bay State...
June 26, 2009 Mara Bushari

FHA and the Sub-Prime Monster

Many people agree that the problems we are seeing in the real estate market today were mostly caused by overly aggressive sub-prime lending. The banks...
June 8, 2009 Mara Bushari

Pending Home Sales Up Nearly 7 Percent Nationwide

Pending home sales in April showed a 6.7 percent jump from March numbers, and a 3.2 percent increase from April 2008 transactions according to The Pen...
April 28, 2009 Elad Bushari

Fannie, Freddie Boost Loan Modifications

Fannie Mae and Freddie Mac modified nearly 24,000 loans during the fourth quarter of 2008, up 76 percent from the third quarter, according to the Fede...
April 17, 2009 Mara Bushari

Bad News for the FHA

The Wall Street Journal recently found that slightly more than 10 percent of borrowers who took out FHA loans in the 1st quarter of 2008 were at least...
April 17, 2009 Mara Bushari

Federal Reserve Continues to Buy Fannie and Freddie Debt

This week the Fed continued it's buying binge, purchasing $5.15 billion of Fannie Mae, Freddie Mac and Federal Home Loan Bank's debt this Monday. This...
April 16, 2009 Mara Bushari

1st Quarter US Forclosure rate is up 24%

Nationwide, nearly 805,000 homes received at least one foreclosure-related notice from January through March, up from about 650,000 in the same time p...
April 5, 2009 Elad Bushari

Making an Offer On a Short Sale? This is What You Need To Know

If a home or a condo is being sold for below what the seller owes on the property, and the seller doesn't have other funds to make up the difference a...
March 27, 2009 Elad Bushari

When your mortgage application is rejected

Don't be surprised if your "friendly" lender, the one who invites you to sit down and apply for a mortgage, ushers you politely out the door empty-han...
March 24, 2009 Elad Bushari

U.S. Expands Plan to Buy Banks Troubled Assets

The White House unveiled the details of a plan to buy up to $2 trillion in bad home loans and mortgage-backed securities from banks. The U.S. governme...
March 23, 2009 Elad Bushari

Mortgage Industry Update

The Commerce Department reported that housing starts unexpectedly jumped 22.2% in February to a seasonally adjusted annual rate of 583,000 units. This...
March 20, 2009 Elad Bushari

New Guidelines for Condo Mortgages

Fannie Mae has added new guidelines that might make it more difficult for condo developers to sell their units, The Wall Street Journal reports. As of...
March 11, 2009 Mara Bushari

Mortgage Fees On the Rise

According to Kiplinger's Magazine, mortgages purchased from banks and brokers by Fannie Mae and Freddie Mac will be getting a bit more expensive...aga...
March 7, 2009 Elad Bushari

Mortgage Delinquencies Rise, More Homeowners Under Water

The mortgage loan delinquency rate — the percentage of borrowers who are 60 days or more past due on making a payment — hit a national average high of...
February 18, 2009 Mara Bushari

Obama Foreclosure Plan

Some of the biggest players in the mortgage industry will halt home foreclosures while the Obama administration hammers-out a plan to help struggling ...
January 23, 2009 Elad Bushari

New Refinance Boomlet May Lift Economy a Bit

Record low mortgage rates are providing a small measure of stimulus to the troubled U.S. economy as borrowers scramble to refinance their home loans--...
January 13, 2009 Elad Bushari

Mortgage Broker jailed for fraud

Dorchester mortgage officer Nicole Lyder pled guilty in Suffolk Superior Court on Monday to multiple charges that she fraudulently secured subprime mo...
January 13, 2009 Mara Bushari

Brian Cavanaugh's Boston Mortgage Update

Friday’s bond market is in positive territory following some stock weakness and the news of a spike in the unemployment rate last month.  The benchmar...
January 11, 2009 Elad Bushari

CITI Drops Opposition to Cramdown; May Help Homeowners to Avoid Foreclosure

Citigroup and key Senate members reached an agreement on Thursday that will bring the Helping Families Save Their Homes in Bankruptcy Act one step clo...
January 9, 2009 Mara Bushari

Mortgage Rates Continue to Drop

If you are a Boston homeowner considering refinancing, or a buyer interested in picking up a piece of Boston real estate, now may be the time to move ...
December 30, 2008 Elad Bushari

Professional Appraisers Respond To Appraisal Code

Now that Fannie Mae and Freddie Mac have taken steps to improve appraisal quality by establishing the revised Home Valuation Code of Conduct (Appraisa...
December 12, 2008 Elad Bushari

Are Some Owners Purposefully Falling Behind?

Housing experts are growing increasingly alarmed that programs to bail out troubled home owners might have the unintended consequence of encouraging p...

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