Fewer Springs homeowners underwater
Local home-price increases have led to an increasing number of Colorado Springs homeowners having positive equity in their properties, according to a recent negative equity report from CoreLogic, a research and analysis firm. During the third quarter of 2012, 19.4 percent or 29,794 of all homeowners with a mortgage owed more on their home than [...]
Colorado Springs homeowners with FHA- backed mortgages are catching a break with a new refinance program that aims to help lower monthly payments. The FHA Streamline Refinance program went into effect Monday and is designed to help homeowners who bought houses roughly between 2005 and May 31, 2009, when interest rates were running at 6 [...]
Continue reading …A new federal program allowing more homeowners who are in trouble with their mortgages to qualify for refinancing is expected to have little impact in Colorado. President Barack Obama on Monday announced the broadening of the Home Affordable Refinance Program to help people avoid foreclosure. According to the Denver Post (http://bit.ly/ud4KCc ), nearly 21 percent [...]
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