The mortgage lending business is expected to take a turn for the worse in 2010 according to the industry’s leading trade group. Mortgage origination volume is expected to plunge by almost 21 percent to $1.56 trillion next year compared to an estimated $1.96 trillion in originations in 2009 according to a new forecast released yesterday by the Mortgage Bankers Association. … Read More »

Reverse mortgages, the kind of loans marketed by aging celebrities to seniors interested in converting the equity in their homes into cash, aren’t the safe haven they are portrayed by marketers,

During this time of financial crisis, an epidemic of mortgage rescue schemes is sweeping the country. They prey upon families who are facing foreclosure in exploding numbers. Fraudulent mortgage rescue scams raise false hopes and cruelly exploit people who can ill afford it. Read More »

Going into debt for fifteen or thirty years can be a scary process-which is exactly why you should make every effort to learn about mortgages, put your finance in shape so that you qualify for the best possible terms, determine what you can afford and then shop hard for the right mortgage for you. Read More »

The consensus forecast among major real estate organizations is for the housing downturn to come to a close in 2009 and for the expansion to begin in 2010. THE NEW HOUSING FORECASTS ARE AVAILABLE NOW! https://www.realestateeconomywatch.com/2009/10/market-forecastindustry-forecast/ Read More »

Both the economy and the housing markets have displayed concrete signs of improvement during the past several months. Read More »

The Federal Housing Administration took the right steps last week to bring the agency’s lending standards in line with private industry practices, but with the loss of its excess reserves, FHA is now essentially running on empty and the jury is out on whether the agency has adequate capital reserves to weather projected losses from defaults and foreclosures, said a noted housing economist who first raised concerns about FHA’s financial condition in an article in Real Estate Economy Watch last June (Can FHA Dodge the Bullet?). Read More »

Home values continue to drop across the nation but at an increasingly slower pace according to new price data released by Zillow.com. The news was an encouraging sign for the housing sector. Read More »

J.P. Morgan analyst Michael Rehaut on Friday elevated his outlook on the homebuilding industry, stating that the housing sector has made it through the worst of the correction. Read More »

Time is quickly running out on the first-time homebuyer tax credit, due to expire December 1 and despite an all-out lobbying campaign, the housing industry faces a battle to extend and expand it. Read More »