For the seventh consecutive month, foreclosure activity in the U.S. was dominated by a tiny subset of states.
As reported by RealtyTrac.com, more than half of September’s foreclosure-related activity occurred in just 4 states:
1. California
2. Florida
3. Nevada
4. Michigan
These states...
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When you own a home with a spouse or partner, the issue of what’s mine, what’s yours, and what’s ours can be a divisive one.
Each household has its own money management methodology and, according to financial...
Mortgage markets worsened last week as investors responded to a recovering global economy.
Despite briefly touching their lowest levels since May, mortgage rates ended the week dramatically higher.
It’s the second straight week that rates soared on a Friday.
For several months, Wall Street has been in...
According to the Freddie Mac weekly mortgage rate survey, the relative cost of a 5-year ARM is dropping versus its 30-year fixed-rate cousin.
During the first 5 months of 2009, the products ran neck-and-neck. Today, they’re a half-percent apart.
On a $200,000 home loan, that’s a difference...
An escrow account is a designated savings account into which funds get deposited for a specific purpose.
With respect to real estate and home loans, escrow accounts are used to pay real estate tax bills and homeowners insurance payments.
Escrow accounts are managed and disbursed by lenders.
When a homeowner...
