By e.ferrara@freerateupdate.com (Ed Ferrara) A disappointing jobs report for the month of August stabilized volatile mortgage rates on Friday. The Bureau of Labor Statistics …read more Source: Realty Times
First-time home buyers can have a tough time sorting through real estate terms spewed by real estate agents, lenders, real …read more Source: Realty Times
Despite widespread opposition from the finance industry and the Federal Housing Finance Agency (FHFA),Richmond California, plans to move forward with a plan to use the government’s “eminent domain” privilege to seize homes with underwater mortgages on behalf of homeowners. Richmond’s city council approved the plan in a narrow four-to-three vote early Wednesday, according to Reuters. via California […]
The number of U.S. properties subject to foreclosure filings — notices of default, scheduled auctions, or bank repossessions — fell on an annual basis for the 35th straight month in August, to 128,560, according to a report released today from foreclosure data aggregator RealtyTrac. That’s a 34 percent year-over-year decrease, driven largely by a 44 percent […]