Study exposes mortgage fraud committed by homebuyers – Which. – Compared to repeat homebuyers – who get to keep a part of the value gained from their existing homes – first time home buyers depend on savings or loans to afford a minimum down payment for a mortgage. As such, it is harder for them to present collateral that will be sufficient for the loan amount that they are requesting.
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Ocwen Servicing Knows You’re Angry. – Aided in its design by a team of 16 social psychologists, this new wrinkle on mortgage servicing was first reported in a December 2011 article in the Wall Street Journal. By analyzing speech patterns.
Auction.com flourishes where others fail – About eight months ago, lender and mortgage servicer Nationstar agreed to bring short sales – or sales under the amount owed on a mortgage – to Auction.com to “validate” an existing buyer. in U.S..
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Blog – The majority of future home buyers intend to obtain a mortgage to finance their home purchase, with First-Time Buyers showing higher incidence compared to Previous Owners and Current Owners. Across all future home buyers groups, more than six-in-ten say they are likely to have a financial buffer in case their expenses change in the future.
As More ‘Rooted’ Americans Stay Put, Adaptability Becomes a New Home Non-Negotiable – The Attom Data analysis, from senior VP Daren Blomquist, plots steady gains starting toward the end of the Great Recession in 2009 and continuing upward to an all-time high rate of tenure this past.
Daughter Doesn’t Buy Dad’s Cheering of U.S. Homeownership – David Stevens, chief executive officer of the Mortgage Bankers Association. a bigger share than any other age group. Without first-time buyers, current owners have a harder time selling and trading.