America’s housing market doesn’t need another government bailout, writes Agnes Crane for Slate. But the White House is mulling plans to rescue homeowners trapped by underwater mortgages and above-market mortgage rates by allowing them to refinance into cheaper government-backed loans. Luckily, its latest musings look like a pipe dream.
Doubts linger about another extensive plan for underwater borrowers
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Zillow believes the evolution of the industry will only help it grow
“Of the approximately 1.5 million real estate license holders, many handle only one or two transactions a year. These are not our Premier Agent partners,” Zillow’s Rich Barton said.
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All parties have settled the Sitzer/Burnett suit, so what’s next?
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Longtime reverse mortgage leader Scott Norman appointed CEO of Texas MBA
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Rates at 7% attract different types of borrowers, forcing lenders to rethink profit strategies
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The unchanging
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Opinion: Will new changes make houses more affordable?