by Phyllis Rockower | May 23, 2013 | Real Estate News Posts
Under terms of a settlement with Banks and NY attorney general, Banks are supposed to do more to help homeowners. They are are actually doing not too much in principal reduction which was supposed to be the main benefit. They are leaning heavily towards short sales...
by Phyllis Rockower | Mar 19, 2013 | Uncategorized
The federal reserve states that home equity has jumped nearly 500 billion during the last 3 months of 2012. That means that less folks are underwater so now they can sell if they choose. This will help to cure the severe housing inventory situation. Zillow Real Estate...
by Phyllis Rockower | Dec 31, 2012 | Housing News
This one is different than the last one because the money all goes to homeowners who got the shaft from the banks. Some of the states had used the money earmarked for homeowners to for their treasuries. Not nice!! The 5 biggest will be involved: Wells Fargo, JPMorgan...
by Phyllis Rockower | Nov 18, 2012 | Housing News
Because they insured the banks against loss if the loans went bad, they had to pay off a lot of money. Like any insurance company, if you have to pay out more than you collected in insurance premiums, you are in trouble. That is what is happening to FHA. Since 2007,...
by Phyllis Rockower | Jul 10, 2012 | Housing News
Homeowners receiving loan modifications for their primary residence (and noted on their credit report); are now being treated as short sellers by Fannie Mae…even if the homeowner was never late on their mortgage. In other words: A responsible homeowner, who made their...
