A number of surprises can mess up your claim payment.
Weather-related home insurance claims can be a whole separate ballgame from other home claims.
"Weather losses are always more complicated because you've got thousands of people experiencing losses at the same time. These events are taxing on the entire community, whereas if you have one loss, such as a water main break in your building or a fire loss, as devastating as it may be to the homeowner, they still have access to necessary things such as hotel rooms, lawyers, insurance agents, etc., " says Ron Papa, president and CEO at National Fire Adjustment Co. in Buffalo, N.Y., a public insurance adjuster firm.
The agreement resolves all outstanding claims on loans sold to the government-sponsored enterprise by Bank of America through 2009.
The bank will receive credits of $13 million for loans already repurchased from Freddie Mac and for other adjustments. The agreement covers 716,000 loans originated by Bank of America from 2000 through 2009.
Bank of America had previously settled Freddie's claims on loans sold to the government-sponsored enterprise by Countrywide Financial, which the bank purchased in 2008.
RealtyTrac says short sales comprised 5.3 percent of October home sales, down from 11.2 percent in October 2012.
Short sales, which occur when a home's sale price is less than the total of the outstanding mortgages secured by the property, made up 5.3 percent of all sales in October, according to RealtyTrac’s monthly foreclosure report. That’s down from 6.3 percent in September and 11.2 percent in October 2012.
As part of a digital push to share its data, the U.S. Census Bureau is offering a new mobile app, dwellr, to help you decide where you should move.
The number of Americans willing or even able to change residences dropped dramatically during the recession, but now that housing is in recovery and home equity is returning, more may be considering a move. So where should they go? There's an app for that, a new one from the U.S. Census Bureau.
Dwellr, which launched this week, mines the considerable data of the Census and marks a new step in the government agency's digital transformation to make its information more accessible to the public.
With big changes coming to the mortgage industry, many consumers may need to change their game plan if they want to buy a home next year.
With big changes coming to the mortgage industry at the beginning of next year, many consumers will want to evaluate their home-buying plans. Regulations drafted by the Consumer Financial Protection Bureau will change the definition of a qualified mortgage for any loan applications received on and after Jan. 10, and many consumers may find themselves unable to meet the new requirements.
Qualified mortgages are loans that meet certain standards designed to ensure that borrowers are highly likely to be able to pay back the amount in question.
The right time to pull the trigger is when you're financially and emotionally prepared for the responsibility.
No one can tell you when you’re ready to become a homeowner. But it’s probably fair to say a lot of first-time buyers wish otherwise.
Buying a home is often one of the biggest purchases you’ll ever make. It’s also among the most infrequent. Knowing you’re prepared to buy a couch or a car is one thing. The last lot in a cul-de-sac is something else entirely.
The right time to pull the trigger is when you’re financially and emotionally prepared for the responsibility. But it’s not like the heavens part and a choir of closing agents signal the time has come.
The president and first lady finished the home in October 1963 and spent only two weekends there.
In the winter of 1963, John and Jacqueline Kennedy purchased 39 acres in Middleburg, Va. While the president preferred the family home in Hyannis, Mass., the first lady wanted the pastoral land to pursue her love of horseback riding.
They finished the home in October 1963 and spent only two weekends there. The family last visited on Nov. 10, 1963, just 12 days before JFK was assassinated in Dallas. Jacqueline withdrew to the home after his death to grieve, but within a year, she sold the estate.
Customer satisfaction with mortgage lenders improved for the third consecutive year, according to a J.D. Power survey.
Customers were more satisfied with mortgage lenders this year than they were last year or the prior year, according to the latest mortgage lender customer satisfaction survey by J.D. Power, a marketing information company in Westlake Village, Calif.
The J.D. Power “2013 U.S. Primary Mortgage Origination Satisfaction Study,” released November 14, found that customer satisfaction with mortgage lenders had improved for the third consecutive year, averaging 771 on a 1,000-point scale in 2013, up from 761 in 2012 and 747 in 2011.