The United States Senate rejected a measure to give bankruptcy court judges the ability to cram down loan balances and interest rates on primary residences. Had it passed, it would have given many homeowners the ability to stay...
Read MoreThe rate of homeownership in the country dropped slightly from 67.8% in 1Q 2008 to 67.3% in 1Q 2009. The most recent peak in homeownership, which unsurprisingly coincided with the real estate boom and the pro-homeownership...
Read MoreAs losses from the real estate industry continue to mount, private mortgage insurance (PMI) is increasingly difficult to acquire. PMI is required on mortgages in which the homebuyer puts in a downpayment of less than 20%. The...
Read MoreCalifornia homeowners who purchased their homes between March 1, 20009 and March 1, 2010 may be eligible to receive a tax credit from the state of California, provided: the home purchased has never been occupied; and the...
Read MoreIs housing affordable? A recent paper released by the Federal Reserve Bank of Kansas City entitled “The Affordability of Homeownership to Middle-Income Americans” by Justin Rappaport examines the facts behind the...
Read More
