Mortgage News

New Tool Offered to Help Home Buyers Bridge Down Payment Gap

In an effort to provide California home buyers with up-to-date information about available home buyer assistance programs, the California Association of Realtors recently launched the California Mortgage Resource Directory (, a search tool that identifies current mortgage programs in communities throughout the state. Buyers can search by city or address for public- and private-funded assistance [...]

Study Shows Real Estate Market Has Made Big Strides in Last Four Years

The real estate market has come a long way in the last four years. Whenever there is a presidential election, it's commonplace for various industries to take a look at their respective markets and reflect on if things are better off than they were four years ago. The real estate market is no [...]

Calculating the mortgage delinquency impact on FICO scores

Recently, Fair Isaac, which developed FICO scores, pulled back the curtain a bit, revealing some estimates of point-score declines following mortgage delinquency problems. Here are the average hit your credit will take: 30 days late: 40 - 110 points 90 days late: 70 - 135 points Foreclosure, short sale or deed-in-lieu: 85 - 160 Bankruptcy: [...]

By |2016-10-18T02:23:02+00:00April 26th, 2010|Foreclosures, Mortgage News|