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Utah Real Estate News for June 18, 2013.

As housing market ramps up, so does pace of foreclosure filings

The Salt Lake Tribune - Utah Real Estate » Thu, 13 Jun 2013 19:40:02

Lenders stepped up action last month against homeowners who had fallen behind on their mortgage payments, taking possession of more homes and initiating the foreclosure countdown clock on many others. Bank repossessions jumped 11 percent nationall... Read More

15-year mortgage rate tops 3% first time in awhile

The Salt Lake Tribune - Utah Real Estate » Thu, 06 Jun 2013 18:13:03

Washington • The average U.S. rate on a 15-year fixed mortgage rose above 3 percent this week for the first time in a year, while the rate on the 30-year fixed loan approached 4 percent. Mortgage buyer Freddie Mac said Thursday that the rate on t... Read More

Feds, state officials detail crackdown on timeshare fraud

The Salt Lake Tribune - Utah Real Estate » Thu, 06 Jun 2013 17:44:02

More than 190 criminal and civil actions have been brought across the country over the past two years to combat the rising problem of timeshare resale fraud involving shady telemarketing operations, federal and state officials said Thursday. Compla... Read More

Utahn wronged in foreclosure? Check coming

The Salt Lake Tribune - Utah Real Estate » Tue, 04 Jun 2013 21:58:13

Some 7,400 Utahns should be receiving a check this month for about $1,480 each as part of an earlier $1.5 billion settlement between five mortgage servicers and most states and the federal government. A total of $10.5 million will be sent out to Ut... Read More

Paperless mortgages gaining acceptance in Utah

The Salt Lake Tribune - Utah Real Estate » Fri, 31 May 2013 21:16:42

From buying shoes to ordering furniture to paying bills, American consumers love e-commerce. But what about finalizing the largest financial transaction most people will ever make with just the click of a mouse? Yep, closing on a house is going dig... Read More

The do’s and don’ts of mortgages and refinancing

The Salt Lake Tribune - Utah Real Estate » Thu, 23 May 2013 22:22:49

With Utah’s recovery from the recession outpacing the nation, would-be homebuyers returning to the housing market are stepping into the best interest rate environment in memory. Rates for 30-year fixed mortgages in Utah have stayed mostly below 3... Read More
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