When a resident of Texas is faced with the possibility of losing their home to foreclosure, the first reaction is very likely one of panic, followed by a scramble to find some way of averting the process. That scramble can very easily lead a person down some dangerous...
At the height, or rather the depths of the most recent recession, when the housing market tanked, the federal government launched the Home Affordable Mortgage Program, or HAMP. The objective was to encourage lenders to do the right thing and help homeowners in Texas...
A lot of homeowners in Texas and elsewhere in the country have been fed through a foreclosure ringer over the past few years. And it's no secret that a lot of those actions were the result of bank foreclosure abuses. The relegation of procedures to third-party...
It is a little late in coming by a lot of peoples' measure, but the federal home-finance companies, Freddie Mac and Fannie Mae say they are now ready to start making it easier for underwater homeowners to obtain some sort of a bailout. Considering that the changes...
State attorneys general are starting to expand the queue of governments going after Standard & Poor's, the credit rating service. Texas has not reportedly joined their ranks, but it may only be a matter of time.The claim by the states and the federal government is...
The federal government is looking to promote a kinder, gentler mortgage environment for homeowners. In the wake of the recent housing bubble burst and the damaging recession that left so many people in Dallas and across Texas scrambling through foreclosures and...
Recently, some statistics were released which indicate a couple of encouraging trends regarding foreclosures in the Dallas area. The statistics are from the company CoreLogic.The first thing that the statistics indicate is that foreclosures are going down in the...
When the national mortgage-foreclosure settlement against the biggest mortgage companies yielded $135 million for Texas, housing advocates and distressed homeowners were glad to hear that the state would have money to help it prevent future foreclosures. The agreement...
According to new information recently disclosed by Freddie Mac officials, the mortgage company intentionally made it harder for Americans to refinance high interest mortgages because of its bottom line. In other words, they intentionally kept Americans locked in their...
Ever since the real estate bubble burst in 2006, the U.S. has been in the midst of a foreclosure crisis. In December 2008, the Case-Schiller Home Price Index recorded its most significant drop in its history and the market still has not recovered.One in 605 housing...
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