Jacksonville Real Estate Market

Jacksonville, Florida

Foreclosure Spike Is Positive Sign For Housing

Foreclosure starts, the first phase of the process, rose 9 percent in May month-to-month, the first increase in over two years. Bad news, right? Only if you are the one losing your home.

Mortgage Applications Could Mean Hot Summer for Housing

After holding in lackluster territory for much of the spring season, weekly mortgage applications took a huge jump, signaling that the usual summer slowdown is perhaps, holding off.

Before You Refinance, Modify Your Loan … If You Can

Given the expense and paperwork involved in refinancing, it’s certainly worth it for homeowners to ask about modifications to current loans and possible ‘recasts.’

FHA Turns to Investors as Losses Continue to Rise

Faced with a rising number of severely delinquent loans, the FHA is taking a very small program to sell these loans to investors and ramping it way up.

Refi Boom Benefits Borrowers and Big Banks

The refinance market is booming, now at 78 percent of residential mortgage activity, according to a new report. Millions of Americans are saving billions of dollars in monthly mortgage payments and the big banks are reaping great rewards as well.

Fannie Mae Insider Takes Top Job With Lower Pay

Fannie Mae’s general counsel will become the mortgage giant’s new chief, sources say — and  will do so with less pay. Congress has slammed Fannie’s salaries in the past.

Home Prices See Gains, But That’s Not the Whole Story

It is not exactly a trend, but for the second-straight month, U.S. home prices saw year-over-year gains.

Jobs Report Signals More Trouble for Housing

“The May 2012 jobs report was a step backward for housing in every way,” says Trulia.com’s Jed Kolko, who pinpoints what he calls “clobbered metros.”

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