Is 2019 better equipped for the next mortgage Market Downturn? Or are we facing another mortgage failure? The mortgage market has shifted dramatically since 2008. Improvements in underwriting, technology, and quality controls – some visible, some less so – have resulted in a fundamentally sounder mortgage system than before the crisis of 2008. Lenders have … Continued
Why are More Than 40% of American Households in Dire Straights if America’s economy is doing great? A new report from the United Way, the organization known for working directly with those in poverty and in need of assistance, reports that there are more than 40% of American Households in Dire Straights. The United Way’s … Continued
The Great Recession occurred 10 years ago, and our economy has rebuilt in miraculous ways. Is there trouble looming? When it comes to the future of our economy most of us, it seems, can’t let go of our recent experience of what felt like a collapsed economy. We worry about another downturn in the near … Continued
Foreclosure starts rose 12 percent from February to a total of 52,100 in March as later-stage hurricane-related delinquencies began to roll over into active foreclosure starts. This, according to the First Look report on Mortgage performance released by Black Knight on Thursday. The report noted that over two-thirds of these foreclosure starts were in hurricane-impacted areas of … Continued
Many sellers debate the question as to whether to List or Not List. There are pro’s and con’s to both. Let’s take a look at what it means to “List your house for sale,” and what it means to “Not List your house for sale”. Often times you hear “For Sale By Owner,” also known … Continued
The Dodd-Frank Act was enacted to keep banks and mortgage lenders from writing “liar loans.” Liar Loans were a big factor in the breakdown of the economy in 2008. Now, just 10 years later with Donald Trump as president of the United States, on Thursday, May 24th, 2018, Donald Trump delivered on one of his … Continued
Reports are coming out from the US Dept of Treasury which call for a sweeping financial reform including the non-popular Frank-Dodd Act. Why? Because President Donald Trump signed an executive order directing Treasury Secretary Steven Mnuchin to examine our nation’s financial laws. This is the second of the Treasury’s report and is 232 pages. The Dodd-Frank Act, … Continued
According to a new Nerd Wallet report, homeowners in all fifty states pay from 33% to 93% more for housing each month than renters living in the same state. Nationwide, the monthly median cost of homeownership is 54% more than the median cost to rent. In Oregon, the cost of homeownership is 63% higher than … Continued
“America is experiencing a housing shortage. Not only are there fewer homes available to buyers of all income levels, those just starting out or making their first foray into home ownership are worse off than they’ve been in years. There are fewer homes available, and even if they can find a home, it’s likely to … Continued
Are you behind on your mortgage payments? Facing foreclosure? The Oregon Homeownership Stabilization Initiative (OHSI) has a program that could help you stay in your home. The Home Rescue Program is intended to help homeowners who are struggling to keep up with their mortgage payments, or who have already fallen behind. The program can provide … Continued
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