Fewer borrowers are redefaulting on their modified mortgages, according to a new report by the Office of the Comptroller of the Currency.
Only
12.7 percent of borrowers who had their loans modified in 2013 have
redefaulted after six months. In 2009, the redefault rate stood at 32.2
percent and during the height of the foreclosure crisis in 2008, the
redefault rate was 44.8 percent. A redefault on a modified loan is
defined as when the borrower’s payment is 60 days past due or more. "By
reaching out early servicers are able to make better decisions for
them" and offer them more and different loss mitigation options, read more.
Multi-Indicator Market Index. In
July, Freddie's MiMi indicator showed that 8 of the 50 states and 11 of
the 50 metros surveyed were on an improving three-month trend. That
marks a stark difference from last year at the same time period, when
every state, plus the District of Columbia, and every metro was on the
improving trend, Freddie Mac reports. 
Nearly 946,000 homes returned to positive equity in the second quarter,
meaning the mortgage holders owe less on their loan than the property's
worth. With the most recent quarterly increase, CoreLogic estimates the
total number of mortgaged homes with equity across the country has
surpassed 44 million. In total, borrower equity increased
year-over-year in Q2 by approximately $1 trillion nationwide—"evidence
that things are moving solidly in the right direction," said Sam Khater,
deputy chief economist for CoreLogic
pockets
across the country, Forbes reports. Well, hold on to your straw hats,
because one of the most interesting investments to catch their fancy
recently is farmland. Iowa is particularly seeing strong price gains.
For example, a survey this spring of local farmland brokers in Iowa put
the average price for the highest quality farmland there at $11,674 per
acre and for midgrade land at $8,300 per acre, according to a survey.
The prices have fallen 5 percent from a year earlier but are still up
well over historical standards, Forbes.com notes. As comparison, in the
1990s, midgrade farmland fetched less than $1,700 per acre. See more: 
double-digit
gains in 2012 and 2013. For the better part of this year, investors
have been slowly trickling out of the home buying market, but in August
they apparently cut off the cash flow in a big way. The drop has been
long expected. Home prices jumped dramatically last year and are still
higher by nearly 5 percent from a year ago, while the supply of cheap,
distressed properties fell. When calculating for potential returns, the
math simply doesn't work as well anymore for investors. 
During
a recent hearing of the House Financial Services Committee, lawmakers
reviewed credit reporting and scoring system practices. Some advocated
changes to help erase blemishes faster from a credit report and urged
other factors to be considered in the scoring process.
in
August transactions compared to a year ago. Out of the 52 metros
tracked in the firm's monthly report, only four posted higher sales on
an annual basis. Compared to July, August sales were down 6.6 percent.
Out of the last six months, four have seen sales climb above the
previous month's pace. 
outpace incomes, according to the Monthly Housing Affordability Index. Nevertheless, price gains are slowing and mortgage rates are hovering near yearly lows, which is helping to keep homes more affordable to the average family.
borrowers and those with subprime credit histories. The loans will be originated through a program by the Neighborhood Assistance Corp. of America, a national nonprofit group that primarily assists low- to moderate-income borrowers. 
Two
experts discussed how the process of eviction has changed in the "PTFA
and Beyond: Handling Evictions" on September 15 at the Property
Management Lab of the Five Star Conference. 
decade, according to data compiled from Harvard's Joint Center for Housing Studies.
derogatory credit event such as a foreclosure, bankruptcy, short sale, or deed-in-lieu of foreclosure on their credit history to obtain a new loan. For borrowers with a short sale or deed-in-lieu of foreclosure on their record, Fannie Mae's new mandated minimum waiting period to become eligible fora new loan is four years. The time is shortened to two years if there are extenuating circumstances. According to Fannie Mae, extenuating circumstances are defined as "nonrecurring events that are beyond the borrower’s control that result in a sudden, significant, and prolonged reduction in income or a catastrophic increase in financial obligations.", 
20
percent of households who would benefit from refinancing are not doing
it — and they could be losing out on lessening their mortgage payments
by thousands of dollars over the life of the loan, according to a new
report from the NBER. In analyzing a large random sample of outstanding
mortgages from December 2010, researchers found that the median household could save $160 per month over the remaining life of the loan, amounting to a total savings of about $11,500.
20% by 2030 to 132 million strong. This means big changes across the nation. As the largest generation in U.S. history approaches senior adulthood, the country is ill-prepared to meet the senior population’s needs, according to a new report from Harvard University’s Joint Center for Housing Studies. 
especially if you follow these simple tips.Sellers: Get Started With Selling Now One
of the biggest problems which most sellers face is waiting for the
perfect time to sell their homes and most Real Estate agents will tell
you that the “perfect time” will never come that’s why any seller who
wants to sell their home should jump-start the home sales process by
getting their home ready for sale by doing the following. - See more at:
http://www.affordableutahhousing.com/page/1215148/Blog
the coming months. Chief Economist Nela Richardson notes two ongoing trends indicating a shift to a more balanced market as the nation heads into fall: a slowdown in home price growth and a transfer in pricing power away from sellers.