As banks are scaling back on making FHA and other types of first time buyer loans, they're issuing a record number of million dollar plus loans. “These high-net-worth borrowers do act differently than first-time buyers, who borrow because they have to,” says Erin Gorman, managing director at Bank ... » Learn More about Banks Dish Out Million Dollar Mortgages, Tight On First Time Buyers
Foreclosure
Foreclosures Falling, Home Price Growth Leveling-Off
A decrease in foreclosures has been a continuing all over the country, as the real estate market gradually recovers from one of the worst housing crises ever. The January Property Intelligence Report from DataQuick reveals that 31 of the 42 counties evaluated had fewer foreclosures compared with ... » Learn More about Foreclosures Falling, Home Price Growth Leveling-Off
Foreclosure Rate Down To 2.5 % at Year-End
2013 saw "significant, sustained" developments in both delinquency and foreclosure numbers, which is based on Black Knight Financial Services (BKFS). The company's Data and Analytics division released its year-end Mortgage Monitor Report, which builds on its recently released "first-look" stats for ... » Learn More about Foreclosure Rate Down To 2.5 % at Year-End