Steve Jolly - The REO Expert for Greater Nashville

Mortgage application volume declined last week, falling 14.2 percent to 786 from 915.9 the previous week on an adjusted basis, according to the Mortgage Bankers Association weekly index. On an unadjusted basis, the index decreased 13.8 percent from the previous week. Compared to the same week last year, the index rose 28.5 percent. Most of the ...

President Obama signed housing legislation this week to revamp a government foreclosure prevention program and bolster prosecution of mortgage fraud. The provision that would allow bankruptcy judges to modify loans had been stripped from the bill after complaints from the mortgage industry. Instead the bill focuses on significant changes ...