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Based on the data of CoreLogic – a leading provider of real estate information and analytics, close to 50,000 homes in Maryland have been foreclosed since 2006. Since January 2006 – the last days of the U.S. housing bubble, about 49, 600 homes in Maryland have been foreclosed by banks or mortgage servicers. This means …
About 50,000 Maryland Homes have been Foreclosed Since 2006 Read More »
Maryland Attorney General Douglas F. Gansler announced last Thursday that his office, together with the Federal government, has entered into a $960 million mortgage servicing settlement with the nation’s five largest mortgage servicers. Specifically, the mortgage servicing settlement was entered into by the Maryland Office of the Attorney General, Department of Labor, Licensing, and Regulation’s …
Maryland’s Distressed Homeowners to Receive $960 Million in Mortgage Settlement Read More »
Based on the data supplied by MRIS and Coastal Association of Realtors, home sales prices continue to fall statewide in Maryland. Median home sale price fell by 6.7 percent between December 2010 and December 2011 in Maryland. The median home sale price statewide in December 2010 was $239,007; while the median home sale price in …
Even as home prices and mortgage rates are exceptionally low, most of today’s young adults cannot own a home due to tighten lending standards. With these tighten lending standards, parents of today’s young adults can act as their children’s mortgage lenders. The National Association of Realtors reported that in 2011 alone, one in three first-time …
The Home Affordable Modification Program (HAMP), one of the Obama administration’s foreclosure prevention programs is extended until December 31, 2013. The extension of one of the administration’s foreclosure prevention programs was announced last Friday by Housing and Urban Development (HUD) Secretary Shaun Donovan, Assistant Treasury Secretary Tim Massad, and White House National Economic Council Director …
HAMP extended until Dec. 2013; HAMP’s Eligibility also Extended Read More »