Home prices in Santa Clara County shoot up Tech rebound drives housing frenzy in Silicon Valley – CNBC – In July, the average price of a single-family home in Santa Clara County was $1.05 million, up 16 percent from $914,047 a year earlier, according to MSL Listings. ( Read more : Silicon Valley.QRM would have cut out 39% of homebuyers in 2010: CoreLogic Home Loans Texas – Visit our site and try out our refinance calculator and you will see how much you could lower your monthly payments on your mortgage loan. What happened is that a lot of less-than-scrupulous mortgage brokers sold good for 2 or 3 years mortgage teaser rates, when rates would rise, often beyond 4 or 5 points from the rate of.
The federal housing administration (fha) has a special loan forbearance program just for homeowners with qualifying mortgages who have become unemployed. This program, the FHA Special Forbearance Program, extends the loan forbearance period to help those who are out of work. A special forbearance is only available to the unemployed.
If you missed the filing date for the emergency homeowners’ loan program (ehlp), there is good news, because the date to file has been extended until September 15th. The original filing deadline was July 27th. The EHLP is designed to help unemployed borrowers who lost their jobs as a result of the recession.
HUD also announced changes that could help homeowners themselves. About 17 percent of loans that were auctioned through DASP and resolved are “reperforming,” meaning that the homeowner started making.
In the largest settlement involving a single industry since the 1998 tobacco deal, 49 state attorney generals reached a $25 billion agreement with the top five mortgage. unemployed borrowers,
The Home Affordable Unemployment Program (UP) reduces or suspends mortgage payments for 12 months or more for homeowners who are unemployed. Eligibility. Anyone who has not already obtained a HAMP modification on his/her mortgage may be eligible.
Mortgages typically require the homeowner to prove an ability to pay back the debt. The loan is approved assuming that you will continue to have income equal to or exceeding the amount used to.
With 13 million consumers unemployed and 4 million mortgages in foreclosure or seriously delinquent, more than half of the $1 billion EHLP funding went back to the U.S. Treasury because the funds didn’t get allocated to homeowners before the Sept. 30 deadline.
Fannie Mae completes third non-performing loan sale Freddie Mac has announced the completion of its recent non-performing loan sale. Here’s what was in the auctioned loan pools.. and third pool. Freddie Mac’s NPL sale is part of the FHFA’s.
Also Wednesday, Secretary of State Mark Martin said the deadline for franchise taxes would be extended. That assistance includes a 90-day moratorium on foreclosures of Federal Housing.
The legislature did not extend the 2% reduction of Social Security payments from paychecks. Your paycheck will be a little lower this year. Consider increasing your withholding if you have refinanced.
Through the "assignment program," FHA is empowered to take over your mortgage, cutting your payments to as little as zero for as long as 36 months. It also can extend. meeting FHA deadlines and.