“More mortgage Q&A, this time I address the question, “What mortgage can I afford on my salary?” These days, in many cases you actually have to document your salary/income, as the stated income loan days have somewhat come and gone. That said, it’s important to see what size mortgage you can qualify for based on your actual salary.”
News, Research & Insights for American Homeowners, Patriots & Constitutional Conservatives
Foreclosure News
- Foreclosures up for latest month, down for year - San Antonio Express May 24, 2012Foreclosures up for latest month, down for yearSan Antonio ExpressBut the pop in postings is likely a quirk of the calendar, not a sign of a surge in foreclosures. So far this year, foreclosure postings have dipped 7.8 percent when compared with the first six months of 2011, according to San Antonio-based foreclosure ...and more » […]
- Foreclosure victims sued - ABC7 investigation - abc7.com May 24, 2012abc7news.comForeclosure victims sued - ABC7 investigationabc7.comLOS ANGELES (KABC) -- An Eyewitness News and California Watch investigation found that families across California were being sued after they lost their homes to foreclosure. Mina Shahab lives in a cramped apartment in Woodland Hills.Firm Targets Calif. Homeowners With Foreclosed 2nd MortgagesKG […]
- Malloy Announces Plans for CT's Share of Foreclosure Settlement - Patch.com May 23, 2012Mortgage Rates & TrendsMalloy Announces Plans for CT's Share of Foreclosure SettlementPatch.comBy Chandra Johnson Greene Before you buy a foreclosed home, be sure you know how. Debbie Ferrari/Real Estate Broker Gov. Dannel Malloy and Attorney General George Jepsen announced this week that the $190 million Connecticut received as a part of a $25 ...F […]
- Md. foreclosure programs prolong crisis, experts say - Washington Examiner May 23, 2012Md. foreclosure programs prolong crisis, experts sayWashington ExaminerStates without loan modifications, like Va., are showing rebounds while Maryland's efforts to help cash-strapped homeowners avoid foreclosure are prolonging the housing crisis, according to housing experts. (Examiner file photo) Maryland's efforts to ...and more » […]
- Are Declining Foreclosures Good News for Housing? - DailyFinance May 23, 2012The RepublicAre Declining Foreclosures Good News for Housing?DailyFinanceLast week, an especially tasty morsel was reported by real estate data company Realty Trac: Foreclosure filings for April represented the lowest since 2007, falling 14% from a year previous. In addition, the Mortgage Bankers Association noted that ...Single mother caught in a mortgage n […]
- Federal Judge Agrees With MFI-Miami and Northern Michigan Attorney -- Fannie ... - MarketWatch (press release) May 23, 2012Federal Judge Agrees With MFI-Miami and Northern Michigan Attorney -- Fannie ...MarketWatch (press release)Jenkinson argued that denying the Bocardo's the right to contest the merits of their foreclosure after their redemption period would violate their due process rights under Article III of the US Constitution. Judge Jonker agreed by stating, ...and m […]
- Ore. Lawmakers OK Foreclosure Mediation Funds - KTVZ May 23, 2012OregonLive.comOre. Lawmakers OK Foreclosure Mediation FundsKTVZThe Oregon Legislature's Emergency Board approved a request for funding Wednesday that will launch a foreclosure mediation program to help struggling homeowners by July of this year. The program created by Senate Bill 1552 was approved in the final ...Oregon legislators approve funds to help […]
- Foreclosure Lawsuit Questions Dog Mayor - LoanSafe May 23, 2012Foreclosure Lawsuit Questions Dog MayorLoanSafe(Source: Arthur Foulkes The Tribune-Star, Terre Haute, Ind. (MCT) — Terre Haute Mayor Duke Bennett said Tuesday he is “100 percent” certain the foreclosure suit filed against him by GMAC Mortgage on his eastside home will be resolved within the next ...Terre Haute mayor fights foreclosure on his homeIndianapolis […]
- Foreclosure Prevention Event to be Held Thursday in Milwaukee - LoanSafe May 23, 2012Foreclosure Prevention Event to be Held Thursday in MilwaukeeLoanSafe(Source: Paul Gores Milwaukee Journal Sentinel (MCT) — A group of mortgage lenders and nonprofit housing organizations will hold a free foreclosure prevention event in Milwaukee on Thursday. Troubled homeowners seeking assistance to help them avoid ...and more » […]
- Cummings: Stemming foreclosure and foreclosure abuse is key priority - Baltimore Sun May 23, 2012Cummings: Stemming foreclosure and foreclosure abuse is key priorityBaltimore SunForeclosure protections would expand for service members, their widowed spouses and certain disabled veterans under an amendment that overwhelmingly passed the House last week. He was heartened that his proposed amendment to the Servicemembers Civil ... […]