The Treasury Dept. and the Federal Housing Administration will issue new rules in the coming months allowing borrowers to appeal mortgage servicer decisions under certain modification programs.
On troubleshooting
Those who have issues with their mortgage lenders now have another place to take them: The Consumer Financial Protection Bureau, which began accepting such complaints and inquiries this month.
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Consumer confidence slips in January
The Conference Board said Tuesday that its Consumer Confidence Index is at 61.1, down from a revised 64.8 in December.
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Posted in Life Styles, Real Estate
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Friday Real Estate Talking Points
Talking Points
• As the housing market continues to struggle for stabilization, many homeowners are turning to strategic default. Almost 11 million homes are now underwater, according to Corelogic. Around 3.5 million homeowners are behind in their payments and another 1.5 million homes are already in the foreclosure process, according to RealtyTrac.
Foreclosures made up 20 percent of home sales in 3Q Sales
Sales of homes in foreclosure comprised 20% of all U.S. residential sales during the third quarter, according to RealtyTrac.
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Fight property tax bill with these tips
Declining house values create great opportunities for homeowners to contest their property tax bills and potentially save big money. Read the full story
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Fannie and Freddie don’t deserve blame for bubble
There is plenty of blame to go around for the U.S. housing bubble, but not much of it belongs to Fannie Mae and Freddie Mac.