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first-time borrowers

Fannie Survey Finds Home Owners Are Skeptical

by Raja TayebApril 7, 2010 Foreclosures

The housing crisis has changed how Americans view homeownership, according to a survey of public attitudes by Fannie Mae.
The number of people who view homeownership as a safe investment declined from 83 percent in 2003 to 70 percent in 2009. In addition:

48 percent of those surveyed said banks should foreclose on people [...]

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Avoid Foreclosure: Properly Handling An Underwater Mortgage

by John TayebDecember 17, 2009 Foreclosures

The unstable environment of a bad economy can leave homeowners dreading how low their home value will go. Over the summer, Zillow, an online real estate marketplace, revealed that people who purchased a home just two years prior, when most markets peaked, had the highest rates of negative equity.
This occurs when the home value is [...]

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