When the White House first introduced the Making Home Affordable program in February, it was positioned as a mortgage program with two goals: To help financially-needy homeowners get mortgage relief To help homeowners who’ve lose equity qualify for today’s low rates Wednesday, in a much-anticipated announcement, the U.S. Treasury introduced new details about Making Home [...]

As part of the American Recovery and Reinvestment Act of 2009, the IRS has officially released Form 5405 — better known as the First-Time Homebuyer Credit Form. True to tax code standards, the 10-field form is accompanied by 3 pages of instructions. Form 5405 is a helpful, go-to resource for home buyers with questions about [...]

Mortgage delinquencies are on the rise nationwide, but the news may not be as bad as it appears at first glance. Using anonymous data from its national credit database, TransUnion reports that 4.58 percent of American homeowners were at least 60 days past due on mortgage payments last quarter. Comparing the statistic to the data [...]

Mortgage markets worsened last week, taking interest rates with them. A steady drip of sour economic news plus concerns about the banking system outmuscled Fed Chairman Ben Bernanke’s congressional testimony in which he said the recession would likely end later this year. Overall, mortgage rates have risen in 9 of the last 12 trading days. [...]