Sentences with phrase «falling home values»

Some homeowners have had a difficult time qualifying for home equity loans during the credit crunch because of falling home values.

Then, between 2007 - 2011, despite rapidly falling home values, officials moved to keep conforming loan limits as - is.

Do historically low mortgage rates and falling home values mean now's the time to jump into the housing market?

That compares with the county's 28 - year historical average of 25 percent chance of falling home values.

Then, between 2007 - 2011, despite rapidly falling home values, officials moved to keep conforming loan limits as - is.

Worried about falling home values because of their new neighbor, the rest of the white families in the inner city neighborhood would often sell their own houses at a loss and flee to the suburbs.

If the government knew how many people would be trapped in mid-transaction by falling home values, those buyers and sellers were written off as collateral damage, she said.

The FHA suffered big losses when many borrowers took large payments up - front and later ran into financial problems, often due to falling home values during the financial crisis.

In Nevada, the worst economy since the 1930s produced a May unemployment rate of 14 percent, surpassing the 9.5 percent U.S. rate, and falling home values led to a 12 percent revenue decline of $ 95 billion between September 2008 and year - end 2009, according to the U.S. Census Bureau.

In the new universe of shudders on Wall Street, falling home values in most markets and federal printing presses that are overheating, borrowers want loan programs that have sane terms, little down, no surprises and no prepayment penalties.

FHA Loans Struggle Against Falling Home Values With home values still falling across the nation, a 3 % (or 3.5 %) down payment just doesn't give FHA homeowners a whole lot of breathing room.

This was a major issue in the 2008 recession, as falling home value caused many Americans to be underwater on their home loans.

But experts warn falling home values and rising mortgage defaults are inevitable, even if conditions naturally cool off.

So, between 2007 - 2011, despite rapidly falling home values and a deteriorating market for credit, government held conforming loan limits exactly where they were.

with falling home values and tighter credit requirements, an FHA home loan can provide the flexibility needed by first time buyers or homeowners with little home equity.

Some market watchers buy that line, noting the two firms have used only about a quarter of the US$ 400 billion put at their disposal after Washington seized them in September 2008 due to losses from rising home foreclosures and falling home values.

During tough economic times, falling home values can trap lower - income families in distressed neighbourhoods.

As to reverse mortgages — what HUD calls home equity conversion mortgages (HECMs)-- those loans remain attractive for many borrowers — but have become troublesome for HUD to insure because of falling home values.

The credit crisis, falling home values, and job losses have forced many people to take the desperate step of bankruptcy.

After half a decade of falling home values, the real estate industry has become well versed in the language of declining markets.

So, between 2007 - 2011, despite rapidly falling home values and a deteriorating market for credit, government held conforming loan limits exactly where they were.

Many Americans were hit doubly hard during this period, where their investment losses were paired with unemployment, stagnant wages, falling home values, or other financial challenges.

Rising property taxes, and falling home values are an additional strain on well - meaning homeowners.

Many homeowners can not refinance their mortgages due to fallen home values and lost home equity.

How the concept of cashing out home equity and repaying reverse mortgage loans within current economic conditions and falling home values can continue working is questionable at best.

Falling home values have diminished home equity levels; this would logically cause fewer borrowers to take out FHA HECM mortgages, which provide borrowers age 62 and above to draw on home equity without making mortgage payments.

Deficits in FHA cash reserves are thought to be caused by losses connected to irresponsible borrowing and falling home values.

«It is my opinion, though, that the substantial publicity for this loan program has caused more people to look into using the FHA program after they thought they had no way to refinance their mortgage due to falling home values.

With many mortgage delinquencies caused by long term unemployment and fallen home values, the government is adding relief provisions in hopes of keeping more homeowners out of foreclosure.

With mortgage rates remaining near 5 %, more buyers can qualify for home loans, and homeowners wishing to refinance can take advantage of FHA guidelines allowing for higher loan - to - value ratios; this can assist homeowners whose mortgage amounts exceed 80 % of home value due to falling home values.

High unemployment rates and falling home values have put consumers in a financial crunch and have damaged credit files for tens of thousands of people.

Even before GE, which operates one of the country's biggest and most sophisticated finance companies, announced its intention to exit the retail RV market, rising gasoline prices, falling home values and tightening consumer credit had taken their toll on motorhome and boat sales.»

Low mortgage rates and falling home values have brought housing within reach to more families than ever before, according to the latest National Association of REALTORS ® housing affordability index.

Trulia Inc. also reported that falling home values and low mortgage rates have made home buying a better deal than renting in 98 of the 100 largest metro areas.

According to Lawrence Yun, NAR chief economist, lost in this discussion are the numerous Generation X households who bought their first home, started a family and entered the middle part of their careers only to be rattled by job losses, falling home values and overall economic uncertainty during and after the Great Recession.

Thanks to falling home values, the home was both larger and less expensive than the one he had lost.

Mortgage rates continue to hover around record lows and with falling home values, affordability is at record highs.

Given that tax payments have remained about constant in a period of falling home values, the result has been a significant increase in the effective property tax rate on owner - occupied homes.

The sluggish housing market in recent years, which has seen a flood of foreclosures and falling home values, has been inching toward a turnaround in recent weeks.