In a way, government has subsidized housing for almost all Americans. Now after learning from the housing boom and bust, there are second thoughts about the consequences of this. Right now government backed mortgages represent almost all home loans. Even today, private capital has not yet fully returned to this market,” Jeffrey Goldstein, the Treasury [...]
All articles in category: "Government Backed Loans,Mortgage News"
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Almost 90% of Current Home Loans are Backed by Federal Government
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Lenders Now Have More Wiggle Room to Negotiate Rates?
I just read an article on the new your times that claims that even though mortgage interest rates are at all time lows, the margins lenders have to work with are higher than they have been in the past. A lot of the time lenders will give you one quote when you initially express interest [...]
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Twenty-Seven Million People with Mortgages Believe They Owe More than Their Homes Are Worth
These are some of the results of The Harris Poll of 2,320 adults surveyed online between March 1 and 8, 2010 by Harris Interactive. Other interesting findings include: * Over two-thirds (69%) of adults who are homeowners have a mortgage that they need to pay off. * People whose homes are believed to be worth [...]
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Utah Real Estate Blog- August Home Sales in Weber County Utah Better Than JulyHome sales during August in Weber County Utah were slightly improved compared with July, and were just marginally down compared with August of 2009. Reported thus far, 192 Weber County Real Estate listings sold last month, an improvement of 6.25% from last months dismal numbers, but down 14% compared with August of last year. The second straight slow month o […]
- Logan Utah Real Estate Market Conditions: Cache County August Home Sales Numbers ImprovedThe good news is that home sales numbers for Cache County Utah during August were substantially improved compared with last month. The bad news is that although the 68 homes sold is an improvement, it is still down nearly 40% compared with last August of last year. This graph shows the comparison of home sales numbers during 2010, compared with the average m […]
- 20% of Utah Homes are Underwater. Utah Ranks 10th NationallyTop 10 states with highest share of negative equity mortgages 1. Nevada Homes (68 percent of 592,000 mortgages) 2. Arizona Homes (50 percent of 1.3 million mortgages) 3. Florida Homes (46 percent of 4.5 million mortgages) 4. Michigan Homes (38 percent of 1.4 million mortgages) 5. California Homes (33 percent of 6.9 million mortgages) 6. Georgia Homes (28 pe […]
- August Home Sales in Weber County Utah Better Than July