Lenders Believe Housing Recovery is Real

In its quarterly survey of U.S. bank risk professionals, FICO  found lenders more bullish on the housing recovery than at any point in three years, with 71 percent of respondents saying home prices are “rising at a sustainable pace” in the context of mortgage lending...

Wells Fargo Joins Principal Reduction Program

Wells Fargo has joined Keep Your Home California’s Principal Reduction Program, which offers homeowners as much as $100,000 to reduce their mortgage principal and monthly payments. Keep Your Home California is anticipating the bank’s participation will lead to many...