Bill Would Allow CHFA to Increase Amount for Uninsured Mortgages

On May 6, the Connecticut Post pointed out a change coming to the Connecticut Housing Finance Authority. A bill approved that day in the legislative Finance Committee extends the maximum amount the CHFA allots toward uninsured mortgages from $1.5 billion…

Read More

Foreclosure Settlement Hits Several Bumps

Going back two weeks, the results of the $9.3 billion foreclosure settlement with 13 banks began to unfold. Since that point, the same level of incompetency that characterized big banks’ role in the foreclosure crisis continued. For those that don’t…

Read More

What’s More Expensive: FHA or Privately-Insured Mortgages?

For those that don’t know, FHA loans are the most common government mortgages. In a time when lending standards for conventional loans continue to tighten, they’re a lifesaver for borrowers with less-than-perfect financial backgrounds: credit scores under 700 or without…

Read More

Does Second Mortgage Upswing Signify Real Estate Recovery?

Multiple changes to mortgages resulted from the housing market’s crash in 2007: one, adjustable rate mortgages are no longer approved as easily; two, borrowers must meet stricter qualifications; and three, second mortgages took a major hit. A piece in the…

Read More

Connecticut Foreclosure Rates Don’t Reflect National Trends

Since the housing market crash in 2007, foreclosure rates skyrocketed. On a national level, foreclosure activity and actual foreclosures have been down on year-to-year and month-to-month basis, but in Connecticut, trends go against this movement. According to a report from…

Read More