Washington, October 23, 2009
Existing-home sales bounced back strongly in September with first-time buyers driving much of the activity, marking five gains in the past six months, according to the National Association of Realtors®.
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*Source: Realtor.org
Monday, October 26, 2009
Thursday, October 8, 2009
Unintended consequence of mortgage modifications: falling credit scores
NEW YORK — Victor Stern thought his money troubles were over when he got approval to modify his home loan.
Then his credit score dropped 121 points.
Stern, a business development director at an information technology company in Charlotte, N.C., said he was shocked to see his credit score drop to 619 from 740 after entering the trial period for a loan adjustment under President Barack Obama's Home Affordable Modification Program. A salary reduction caused him to seek a change in the terms of his loan before he missed any payments...
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*Source: , BLOOMBERG NEWS
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