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Clipped by Sam Stamper
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Tuesday, 13 May 2008
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Outlook for delinquencies worsens as lower home prices create cycle of increasing defaults.By Ben Rooney, CNNMoney.com staff writer May 12, 2008: 3:48 AM EDT NEW YORK (CNNMoney.com) -- Mortgage delinquencies will continue to rise over the next six to 12 months as home prices decline and economic conditions remain difficult, according to one forecast released Monday. The Core Mortgage Risk Monitor (CMRM), an index of foreclosure risk compiled by real estate data analyzer First American CoreLogic, increased 16% compared with the same period last year. |
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Foreclosure - Housing Rescue |
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Clipped by Sam Stamper
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Tuesday, 13 May 2008
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Housing rescue: Fighting over best fixBush administration broadens its program to back troubled loans, as critics say the agency is not doing enough.By Les Christie, CNNMoney.com staff writer Last Updated: May 12, 2008: 8:06 AM EDT NEW YORK (CNNMoney.com) -- While Congress grapples with how to help troubled homeowners, the Bush administration is expanding a more modest effort to help at-risk borrowers. The Federal Housing Administration announced changes last week to FHASecure, a program launched in August in response to a housing crisis that threatened as many as 2.2 million borrowers of adjustable rate mortgages (ARMs) with foreclosure. |
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Clipped by Sam Stamper
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Tuesday, 13 May 2008
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5 new rules for home buyersThere's no guarantee that prices have hit bottom yet - but that doesn't mean that you can't get a great deal now.By Amanda Gengler, Money Magazine Last Updated: May 12, 2008: 1:06 PM EDT (Money Magazine) -- There's no telling how long the housing crisis will drag on. Here's what you need to know before you start shopping in a rocky market. |
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Clipped by Sam Stamper
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Tuesday, 13 May 2008
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Whether you're buying or selling, the real estate game has changed. To win, you've got to learn a new playbook.By Amanda Gengler, Money Magazine Last Updated: May 12, 2008: 12:39 PM EDT (Money Magazine) -- Selling a home is a lot trickier than it used to be - here's how to be smart about pricing, presentation and incentives. |
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Clipped by Sam Stamper
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Tuesday, 13 May 2008
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Mortgage in trouble? How Congress wants to helpShould Uncle Sam insure mortgages? That's the big debate. But the devil is in the details and nobody is talking about them. Here's how the plan would work.By Jeanne Sahadi, CNNMoney.com senior writer Last Updated: May 13, 2008: 12:37 PM EDT NEW YORK (CNNMoney.com) -- Politicians in Washington are busy arguing about the financial and moral hazards of coming to the aid of troubled homeowners. But overshadowed by the debate over a proposal to let the government back risky mortgages is one important issue - how the program would actually work. Who would qualify? What do borrowers and lenders have to sacrifice? How does the government get paid for its trouble? |
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