HARP Refinance Program Expanded

Borrowers who are current on their home loans may be able to refinance for lower interest rates, even if they are seriously upside down. The Federal Housing Finance Agency (FHFA) announced today that it will broaden the scope of the …

Now is the time to BUY! 

California home sales picked up in September from the same month last year as prices came down.

Sales were up 6.7% as bargain hunters paying cash snapped up foreclosures. Sales figures remained below the average for September in Southern California and the Bay Area, according to DataQuick, a …

Half of refinance applications are abandoned or rejected, as are 30 percent of purchase mortgage applications, according to the Mortgage Bankers Association. All told, the Federal Financial Institutions Examination Council (FFIEC) says that well over 2 million mortgage applications were rejected last year.

Want to avoid falling into that number? It’s …

Repaying the Credit and Understanding your IRS Notice

Some individuals are required to repay the credit. The IRS notified taxpayers who claim the first-time homebuyer credit of any applicable repayment requirements. Different IRS letters applied to different situations, including a purchase of a home in 2008, 2009 or 2010, a sale of a main home or …