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Fannie Mae Delinquency Rate Down

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Fannie Mae Delinquency Rate Down The percentage of past due loans held by the nation’s largest mortgage financier has fallen. In its monthly summary report just released, Fannie Mae said the serious delinquency rate on single-family mortgages in its portfolio dropped to 5.47 percent in March, down 12 basis points from 5.59 percent in February. […]

Housing Index At Highest Level Since ‘07

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Housing Index At Highest Level Since ‘07 U.S. homebuilders are growing more optimistic about their fortunes, with many expecting improved sales and customer traffic in coming months despite the end of homebuyer tax incentives. The government incentives helped to boost home sales this spring as many buyers raced to purchase a home in time to […]

Home Buying Mistakes to Avoid

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Home Buying Mistakes to Avoid If you are in the market to buy a home, getting pre-approved for a mortgage is one of the first steps to buying a home. However, a pre-approval doesn’t guarantee that you will ultimately get the financing if you have any change in your circumstances between the pre-approval application date […]

Caring for Your Lawnmower

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Caring for Your Lawnmower Now that summer weather is upon us, it’s time for lawn mowing again. With lawn mowing also comes caring for the mower. Home improvement expert Danny Lipford shows you what you need to do to keep your lawnmower running smoothly. Comments or questions? Just click the comment link below and sound […]

Reports Show Declines in Mortgage Defaults

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Reports Show Declines in Mortgage Defaults Two reports examining trends in serious delinquencies — home loans on which borrowers are at least 60 days behind on payments — may finally be starting to decline. A report from the credit data firm TransUnion said such delinquencies fell slightly across the nation in the first quarter of […]

More Homeowners Choose to Default on Home Loans

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More Homeowners Choose to Default on Home Loans “Strategic defaults” are on the rise as more borrowers who are underwater on their home loans decide it’s not worth it to stay current on their payments each month. That trend could have repercussions for the housing market, and for borrowers, in the future. Strategic defaults are […]