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NJ Homes are Drowning [AUDIO]

Nearly 20 percent of all residential properties with a mortgage in New Jersey are considered "seriously underwater" financially, according to housing data site RealtyTrac.

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Foreclosure
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Mortgage Delinquencies High, Home Prices Slow to Rise [AUDIO]

New Jersey's housing industry is still struggling in several key areas. We are dragging our feet in terms of home price increases, and mortgage delinquencies are still too high.

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Fewer NJ Homeowners ‘Underwater’ on Mortgages

Home prices continue to rise and the increase is helping to lift more U.S. homeowners out of underwater territory on their mortgages, according to a new report by CoreLogic.

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House Sold
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Mortgage Closing Costs on the Rise [AUDIO]

If you're buying a new home or refinancing, mortgage closings costs are up six percent over the past year to an average of $2,402 nationally on a $200,000 loan.

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NJ Residents Still Struggling With Housing Market Problems

Many families throughout the Garden State are still struggling in the current housing markets says Congressman Jon Runyan. This Saturday, the Representative from New Jersey host his 2nd annual Burlington County housing expo at the Kennedy Center in Willingboro.

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Housing Construction
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How Much Do You Know About Mortgages? [AUDIO]

The housing market is beginning to heat up and as house hunters go door-to-door, many of them are completely unprepared to strike.

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Phillip Spears, Getty Images
Phillip Spears, Getty Images
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Over 73,000 Homeowners Conned By Fraud Schemes, Feds Say

Federal investigators have charged 530 people for allegedly defrauding more than 73,000 desperate homeowners around the country who fell behind on mortgage payments, leaving them vulnerable to con artists offering to help them avoid foreclosure.

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Wells Fargo
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Wells Fargo Settles Lending Discrimination Case for $175M

Wells Fargo Bank will pay at least $175 million to settle accusations that it discriminated against African-American and Hispanic borrowers in violation of fair-lending laws, the Justice Department announced Thursday.

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foreclosure
Flickr User BasicGov
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Residential Capital Mortgage Seeks Chapter 11 Protection

Ally Financial Inc.'s mortgage division known as ResCap is seeking Chapter 11 bankruptcy protection.

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Sen. Menendez Wants Refinancing Changes for Homeowners

New Jersey US Senator Robert Menendez is joining California Democrat Barbara Boxer to introduce legislation which is aimed at giving struggling homeowners a chance to refinance at lower rates and save money.

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