loans: Loan Delinquencies on the Rise - 11/22/10 05:59 PM
Loan Delinquencies Still on the Rise Late mortgage payments rose slowly nationwide in the third quarter to 6.44 percent of mortgage holders, up from 6.25 percent in the same period a year earlier. Based on trends, TransUnion predicts the rate will fall to 6.21 by the end of 2010, which is a significant improvement compared to the 7.89 percent rate in the fourth quarter of 2009.TransUnion says foreclosures are down in two of the states where the problem is most significant, including California, where the delinquency rate has fallen to 9.64 percent from 10.18 percent last year. The delinquency rate in Arizona dropped … (3 comments)
loans: Foreclosures taking longer - 11/18/10 07:21 PM
The Long Process of Foreclosure Gets Longer The foreclosure process is getting longer and longer. According to statistics from LPS Applied Analytics:· Delinquent loans in five judicial-process states spend more than 500 days in the foreclosure pipeline with the average time in process at 358 days, a week short of a full year.· In the case of loans where the borrower is delinquent for 90 days or more, on average no payments have been made for 16 months.· States that take the longest time to process delinquent loans are Florida and New York among the judicial process states, and Maryland, California, Virginia, … (0 comments)
loans: FHA Loans very popular - 04/14/09 12:44 PM
Is FHA Key to Housing Turnaround? Federal Housing Administration loans can be a very good deal for home buyers, especially those who don't have a lot of cash or whose credit rating isn't stellar, experts say.FHA loans now account for 20 percent of new mortgages, up from 3 percent in 2006. What's more, the number of authorized FHA lenders has increased 500 percent in two years.Other benefits of FHA loans include easy loan modifications for borrowers who fall behind, easy refinancing plans if rates decline, and low rates overall, which don't rise if the borrower has a low credit score. There … (0 comments)
loans: Jacksonville pool home bargains! - 02/13/09 03:32 PM
Looking for a great deal on a home in Jacksonville with a pool? Summer is just around the corner...act now and swim this year! FHA, VA acceptable. Now only $129,900
Cedar Hills - all block construction with newer metal roof and new paint.
Right - Formal dining room
Breakfast nook open to family room
Right - Kitchen
Kitchen
Right - Big inside laundry room
Screened Porch
Summer starts here soon!!!
Call for your keys today...(904) 874-0422 or mailto: JonesGroup@kw.com
SEARCH ALL … (1 comments)
loans: Change is a comin' - 10/17/08 02:24 PM
Buying Jacksonville and Orange Park investment property may get tougher very soon if you plan on financing through a lender who sells to Fannie Mae. Mark December 1st in your calendar if this applies to you, and consider getting your mortgage commitments nailed down in the next six weeks if you can.
Due to market conditions, Fannie Mae, traditionally a prime source of funding, plans to start tacking on additional fees across the board for investor loans purchased after 1 December. Freddie Mac will do the same but its increases will take effect November 7th To add insult to injury … (0 comments)
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Mike & Cindy Jones Jacksonville, Fl Real Estate (904) 874-0422
Selling your Jacksonville or Orange Park home, vacant land investment property in todays highly competitive real estate market. Pricing and marketing are the name of the game today. Buyers, get information on how to take advantage of one of the best buyers markets ever
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Loan Delinquencies Still on the Rise Late mortgage payments rose slowly nationwide in the third quarter to 6.44 percent of mortgage holders, up from 6.25 percent in the same period a year earlier. Based on trends, TransUnion predicts the rate will fall to 6.21 by the end of 2010, which is a significant improvement compared to the 7.89 percent rate in the fourth quarter of 2009.TransUnion says foreclosures are down in two of the states where the problem is most significant, including California, where the delinquency rate has fallen to 9.64 percent from 10.18 percent last year. The delinquency rate in Arizona dropped … (3 comments)
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