Tag Archives: three payments

Mortgage Delinquencies Rise Again

For a year this number was improving but in the second quarter of 2011, the percentage of mortgage delinquencies rose. This will likely lead to an increase in foreclosures and put more downward pressure on home prices. As home prices … Continue reading

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How About Some Concrete Goals For Feds Plan To Reduce Foreclosures?

Millions of homeowners have been foreclosed on for lack of mortgage payments. Millions of more homeowners are underwater on their loans. There is no prospect for an uptick in home prices for at least three years. A congressional watchdog is … Continue reading

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Over One Million Enroll In Obama’s Mortgage Modification Scheme

Only 170,000 have completed the paperwork, while 1.1 million home owners have begun the process. The program is having a tiny impact on America’s high rates of foreclosures. Las Vegas is hard-hit by foreclosures but fewer than 4,000 homeowners have … Continue reading

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Stopping Foreclosures

A letter to ModBee.com: I have been licensed in real estate for 33 years. The bottom of this real estate slide cannot be seen without stopping the foreclosures. Prices cannot stabilize with 10 homes on every block for sale by … Continue reading

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Mortgage Insurers Try To Help Struggling Homeowners

Holden Lewis writes: Homeowners and lenders aren’t the only losers in foreclosure. In some cases, mortgage insurers kick in cash to help borrowers catch up on their house payments. Mortgage insurers do plenty besides writing checks, though. ·  Calling borrowers … Continue reading

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