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Archives: November 2011


Loan Modification is Stressful; Know Your Options

When the Obama administration rolled out the Home Affordable Modification Program (HAMP) in 2009, officials estimated 3 to 4 million borrowers would seek relief from their mortgages through the program amidst the worst recession and housing market collapse in decades.… … Read more

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Loan Modification is Stressful; Know Your Options

When the Obama administration rolled out the Home Affordable Modification Program (HAMP) in 2009, officials estimated 3 to 4 million borrowers would seek relief from their mortgages through the program amidst the worst recession and housing market collapse in decades.… … Read more

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NAR Home Buyer and Seller Survey Reflects Tight Credit Conditions

Recent home buyers are staying well within their means with notably higher incomes and modestly higher down payments than buyers in the previous year, due to the restrictive mortgage credit environment, despite historically favorable housing affordability conditions, according to a… … Read more

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Study Examines Impact of Social Networks on Homeowners Decision to Default

Unemployment and other factors have caused many homeowners to involuntarily default on their mortgages. At the same time, falling home prices, the possibility of being underwater for many years and advice from certain influencers, or “mavens,” may have encouraged others… … Read more

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Delinquency Rate Hits 3-year Low as Boom Loans Improve

The national delinquency rate for residential home loans fell to 7.99 percent in the third quarter—the lowest reading since the fourth quarter of 2008. This represents a decline of 45 basis points from the second quarter of this year, and… … Read more

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Find the Right Home: HomesDatabase.com Unveils ‘Lifestyle Search’

MRIS, the Mid-Atlantic region’s multiple listing service (MLS) marketplace that facilitates billion in yearly sales, has launched a new “Lifestyle Search” feature as a major upgrade and enhancement to its consumer website HomesDatabase.com, the organization has announced.

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Holiday Household Chore Checklist

Between work, school, the kids and all your regular daily responsibilities, getting your home in order for the holidays can quickly become an overwhelming experience. Peggy Patenaude, a REALTOR® with Prudential Howe & Doherty in Andover, Mass. offers these great… … Read more

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Mortgage Applications Increase in Latest MBA Weekly Survey

Mortgage applications increased 10.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 4, 2011. According to the release, the Market Composite Index, a measure… RISMedia … Read more

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Monday Morning Mobile: Property Search 3.0 Makes Its Way to NY

There’s no question that as a society we are more mobile than we have ever been. With over 300 million mobile users in this country, a 96% penetration rate, it’s safe to say this isn’t going to change anytime soon,… … Read more

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Trend Alert: Homeowners Opt for 15-year Fixed-Rate Loans

Consumer money resource Bills.com recently released its 2011 Third Quarter Mortgage Report. Driven by an increased demand for refinance loans, consumer traffic to the company’s mortgage tools and calculators more than doubled from the second quarter. The majority of homeowners… … Read more

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