Since March 4th 2009 when the Obama Administration announced the "Making Homes Affordable" (MHA) program, we have all been waiting for the plan to be implemented in a manner and scale that would have a positive impact on stabilizing real estate values. As was seen from the release of the GAO...
The percentage of U.S. homeowners who owe more than their house is worth will nearly double to 48 percent in 2011 from 26 percent at the end of March, portending another blow to the housing market, Deutsche Bank said on Wednesday. Home price declines will have their biggest impact on prime "conforming"...
Mortgage defaults have surged to record levels amid rising unemployment and falling home prices. Lenders are expected to move quickly to clear up backlogs as moratoriums on foreclosures expire.