You may have been hearing a lot of buzz in the media about loan modification. If you were considering applying for a Citigroup Loan Modification on your mortgage with Citigroup, you might be wondering if you had to be current in your payments to qualify.

There are some great benefits when it comes to a no closing cost home loan, the best one being that you can avoid shelling out a lot of money to a broker when you finally finish with making your payments. You can actually save quite a bit as the minimum amount that you are required to pay over your current loan amount is insignificant.

Posted To: Mortgage Rate Watch

After two dataless days and no movement in mortgage rates, action picked up yesterday. Mortgage rates opened the day lower, however, thanks to big turnout at the 10 year Treasury note auction, enchmark yields rallied and mortgage-backed security prices moved higher into the close. We sat and waited for lenders to reprice, disappointingly they never did. This isn't a surprise though, lenders are quick to take away rate sheet pricing when MBS prices are falling but really slow to pass along improvements when MBS prices are on the rise. We had a couple of scheduled economic reports that were released early enough to sway the direction of mortgage rates today. First we got Weekly Jobless Claims from the Department of Labor. This report provides three measures on the health of the labor market…(read more)

Here is some more information about this program and the potential benefits and pitfalls of this new HAFA program set to roll out in April. HAFA intends to help the homeowners that HAMP could not. Basically, if you did not qualify for assistance under HAMP, you may now use HAFA to attempt to avoid foreclosure.

When making an offer on Fresno houses you typically will be required to submit a deposit. Discover in this article what happens to your deposit and how you get it back should you decide to not proceed with buying the home.

Residential foreclosures mean huge demand for apartments. People need a place to live after they lose their house. Over the next two years there will be tons of apartment foreclosures.

Do you know that you can create wealth in commercial real estate while reducing the risks even in troubled economies? So what do you need in order to be successful investing in apartments, self-storage and other commercial real estate assets?

Posted To: MND NewsWire

Today RealtyTrac® released its February U.S. Foreclosure Market Report. The RealtyTrac report shows that foreclosure filings, which include default notices, scheduled auctions, and bank repossessions declined 2 percent from January. A total of 308,524 properties in the United States received one of the listed notices during the month. This equates to 1 house in every 418 units. Compare that to January's ratio of 1 in every 409. That works out to a 10% month over month improvement. However, when comparing data from one year ago (Feb 2009), the ratio is still 6% worse. James J. Saccacio, chief executive officer of RealtyTrac says, "The 6 percent year-over-year increase we saw in February was the smallest annual increase we've seen since January 2006 , when we began calculating…(read more)

Posted To: MBS Commentary

MBS end 1 tick down at 100-29 10yr Note Yield at 3.725 S&P up 5 points, all gains late in the day 30yr Auction pressures rates early and helps out late This one's a good read, and a tangible concept to share with clients and business partners Something Epic? Let's not get too carried away… After all, we've been here plenty of times before only for the much anticipated turning point to send markets sideways–merely prolonging the "waiting for guidance." But where exactly is "here?" And why is it more epic than every other day that bonds end the day "honing in" (trading in a narrowing orbit AROUND a certain price) on key technical levels? Fortunately, the 2 day chart contains a good example of something we see fairly often, which is prices or yields…(read more)

A golf course community is truly a wonderful place to live. The amenities does not only center on the golf course but there are many more that cater to the needs of not just the avid golfers but for others as well. Living in this community offers numerous benefits that allows you to make the most out of your real estate investment.