Jacksonville Real Estate Market

Jacksonville, Florida

Flood of Foreclosures Heading to Housing Market

New foreclosure starts rose sharply in August, signaling a slew of foreclosed properties will be dumped on the already bloated housing market in early 2012.

Huge Surge in Bank of America Foreclosures

Bank of America is ramping up its foreclosure processing, sending out far more notices of default to borrowers in August than in previous months, well over 200 percent more month-to-month.

‘Friction’ in Obama’s Refi Proposal

The response to President Obama’s recent proposal to refinance more borrowers into lower interest rate mortgages was at best underwhelming and at worst scathing.

Record Low Mortgage Rates, Rising Pessimism on Housing

If more Americans can save more money by refinancing their mortgages (likely their single largest debt), and more Americans can potentially buy a home, given the low rates, then why are they so pessimistic about housing going forward as well as their p…

Why No Refi?

The latest weekly mortgage application survey released today by the Mortgage Bankers Association makes no sense. Mortgage applications fell 4.9 percent overall, with applications to purchase a home essentially flat and applications to refinance down 6….

Feds File Lawsuits Against Mortgage Companies

The federal agency overseeing Fannie Mae and Freddie Mac filed lawsuits Friday against 17 financial institutions, in an attempt to recover billions of dollars in losses from risky mortgage investments.

How Low Can Mortgage Rates Go?

What’s the bright side to a 200 point drop in the Dow? Yet another rush to Treasuries that pushes the 10-year yield below two percent; that, in turn, means even lower mortgage rates, right? Maybe not this time.

Fannie, Freddie Vs. Big Banks: Housing Gets Hurt

At face value, the lawsuit makes sense; the role of the FHFA is to limit losses to Fannie and Freddie.

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