The first post-holiday week of 2014 brought mixed economic and housing-related news. CoreLogic reported via its Housing Market Index that November home prices grew by 11.80 percent year-over-year.
While many people claim every January that they are going to exercise more, a lot of them give up after the first couple of months. It takes a great deal of effort to make it to the gym before work or have the energy to go afterward.
The Dodd-Frank Wall Street Reform and Consumer Protection Act's latest provision - the Qualified Mortgage rule – is going to effect on January 10, 2014.
The Federal Housing Finance Agency (FHFA) recently announced a new, streamlined home loan modification program to help home owners who are behind in their payments or own a home with a mortgage that is under water.
The purpose of the recently announced program continues to focus on helping troubled borrowers avoid foreclosure and stay in their homes.
Last week, the S&P/Case-Shiller Index showed home prices gaining 8.1 percent during the 12-month period ending January 2013, marking the largest year-over-year increases since the summer of 2006.