Many homeowners negatively impacted by the financial crisis may now, all these years later, finally be in a position to qualify for a mortgage again! These 700,000 potential 2015 reentrants into the mortgage and housing markets are known by the name ‘Boomerang Buyers’. Boomerang buyers were impacted by the financial crisis in one of these three ways: They were […]
According to Jed Kolko, Chief Economist at the real estate website Trulia, home prices on the national level are 3% undervalued! But that’s not the end of the story. There is no question that many metropolitan areas around the country have seen large price gains in residential home prices since the financial crisis lows set back […]
Follow @Hallmark Abstract Service As housing continues to heal from the financial crisis that had devastated real estate markets around the country, the question then becomes whether at some time we reach a point where affordability becomes an issue! We recently wrote an article here that had provided an interactive chart of the stability of […]
Is there a loophole in the federal settlement with mortgage servicers that could spell trouble for the lenders holding second mortgages in distressed property? An article from The New York Times titled ‘The Second-Mortgage Shell Game‘ talks about the problem: “IN January, federal regulators announced an $8.5 billion agreement with 10 mortgage servicers to settle claims […]
