Welcome to the DevoreRealtyGroup.com Blog

2012-02-03 06:35:30
Obama Administration Changes Refinancing Plan For

The Obama Administration just announced chances to its HAMP (Home Affordable Modification Program) policy that will allow more homeowners to qualify.  According to an article in REALTOR Magazine, the official magazine for the National Association of Realtors, the changes will include how the homeowners’ debt to income ratio and will allow owners of rental properties to qualify.  However, the biggest change is a tripling of the incentives it pays to loan services as an incentive to reduce principal balances.

 While the Federal Housing Finance Agency says that a recent analysis found “that principal forgiveness did not provide benefits that were greater than principal forbearance, I can’t believe that to be true.  If homeowners were allowed to reduce their principal balances, thus moving them from underwater to above water, how could this not help that homeowner and thus the overall real estate market?  This would also create opportunities for homeowners to sell their homes and purchase new homes, further helping the real estate market recover.  Clearly this is a positive change that will hopefully be well taken advantage of.

 
Blog Archive
2017-04-21 06:42:10
Why are renters staying put?

2017-04-20 06:49:29
Homeowner Value Estimates vs. Appraisals

2017-04-09 07:26:48
San Diego 8th Hottest Real Estate Market

2017-04-03 13:29:11
8 Questions to Ask When Deciding to Rent or Buy

2017-03-31 17:41:05
San Diego rent prices vs. home prices

2017-03-24 13:33:28
Preparing Your Budget for Buying Your First Home

2017-03-24 10:02:40
San Diego home prices dip in February

2017-03-15 17:54:30
County Housing Patterns Shifting

2017-03-03 11:32:47
Where millennials want to live might surprise you

2017-02-27 13:41:52
Misleading Math Behind the Rent vs Buy Calculation

2017-02-24 10:38:59
Older Americans Face Challenges Aging in Place

2017-02-21 15:12:32
Moving Less in U.S.: American Dream Takes a Hit

2017-02-07 13:52:11
Millennials, Housing, and the American Dream

2017-02-01 11:50:46
20 Hottest Markets for U.S. Real Estate in January

2017-01-31 18:13:12
January, February Prime Months to Purchase a Home

2017-01-26 14:47:42
Home Buyer Challenges for 2017

2017-01-19 12:21:59
Nation's Priciest House: $250M

2017-01-13 14:17:03
Are local housing's price gains real?

2017-01-13 12:06:22
Housing Outlook 2017: Eight Predictions

2016-12-30 11:05:38
Trump Win Could Usher in Boom for U.S. Housing

2016-12-19 18:12:11
Is the Starter Home Coming Back?

2016-12-19 17:28:35
Interest rate increased, where will consumers feel

2016-12-19 16:47:51
Step Aside HAMP, There's a New Kid in Town

2016-12-08 17:45:40
Marketwatch Report November 2016

2016-12-08 17:10:21
FHA Loan Limits To Rise in 2017

Click here to see ALL articles.


Comment on this Article

Your Name:
Your Email:
Comments:
Verify:  Please enter the numbers shown to help eliminate spam.