Nearly half of all US homeowners with a mortgage still ‘underwater’ in Q1

Zillow: Homeowners with ‘effective’ negative equity helped keep inventory low Despite rising home prices early in the year, a significant portion of U.S. homeowners with a mortgage — about 44 percent — still owed more on their home than it was worth or didn’t have enough equity to move at the end of the first quarter, […]

Mortgage rates barely budge from record lows

Fed report finds improvement in housing markets in 10 of 12 districts After hitting record lows last week, mortgage rates have stayed tanked amid growing concerns that lawmakers won’t reach a compromise to avoid a “fiscal cliff” of automatic tax increases and spending cuts scheduled to take place next year, Freddie Mac said in releasing […]

Agents, builders get warnings about mortgage ads

Federal regulators have sent warning letters to more than 30 companies, including real estate agents, homebuilders and lead generators, warning them that their mortgage advertising on websites, Facebook and in newspapers and direct mailers may be deceptive. read more

Uncertainty, QE3 push mortgage rates to new lows

Demand for purchase loans rebounding after Hurricane Sandy read more Inman News Headlines

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