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The HSH Blog

Mortgage & Housing Market News from HSH.com
December 31st, 2010

Most popular posts of 2010

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2010 New Years Just as we did last year on New Year’s Eve, let’s take a look at our most popular blog posts of 2010 (judging by the number of comments):

Update1: HARP Receives One Year Extension — What’s the Point?” — 117 Comments — Published on 03/02/10

Update1: While many industry insiders have debated the success of the home affordable refinance program (HARP) — in fact, analysts at Barclays Capital referred to the program as a “failure” last week — one thing’s for sure, HARP will be extended another year. The expiration date is now slated for June 30, 2011.

According to the National Association of Realtors, “Since HARP began last April, it has refinanced 190,180 mortgages.” That’s a far cry from helping the 4-5 million homeowners that the program originally promised.

HARP was designed to cater to underwater homeowners who couldn’t qualify for private-market refinances due to their minimal or negative equity position…

Will the Homebuyer Tax Credit Be Extended (Again)?” — 104 Comments — Published on 02/18/10

While there’s significant sentiment out in the market that the homebuyer tax credit will expire as planned on June 30 2010, we’ve begun to formulate the opinion that the credit will receive its second extension. We believe that there is a good chance that it will be extended, at least through the “spring homebuying season,” if not longer. Here’s Why:

Smart Move in an Election Year

Lawmakers, now more than ever, are looking for any successful mortgage and/or housing-related program that they can stand behind. Besides the Fed’s mortgage-backed securities (MBS) purchase program, the homebuyer tax credit has been touted by some as an extraordinary success…

Little interest in FHA Short Refinance program” — 49 Comments — Published on 09/28/10

“All I want is the opportunity to refinance.” That’s the overwhelming message we’re hearing from underwater borrowers.

Until now, negative equity has denied underwater borrowers the opportunity to refinance. On August 6, the FHA announced a program — the FHA Short Refinance option — that’s designed to help these borrowers refinance. However, many critics (including us) feel as though the FHA’s strategy will cause the program to fall well short of the lofty goals it set out.

Why? The main reason is due to the fact that lenders are required to reduce a borrower’s principal by at least 10% right off the bat…

“Update13: Poll Results: Extend the Homebuyer Tax Credit Again!” — 45 Comments — Published on 04/26/10

-Be sure to read about our mention in MarketWatch.com-

Update13: The votes keep coming — we’re up to 4,674 votes! Here are our current results:

Should the homebuyer tax credit be extended again?

View Results

Loading ... Loading ...

**Should the homebuyer tax credit’s closing deadline be extended?**
**Vote Now**

Original Post (published 04/09/10): We started a poll back on March 30 asking readers if they were depending on the homebuyer tax credit to be extended for a second time. The results are in: (as of 1:30 p.m. 04/09/10) 93% of you said you’re depending on the homebuyer tax credit to be extended again!

I’d like to extend a special thank you to all our readers — without you, blog.HSH.com wouldn’t have been a success in 2010. We’ll talk again in 2011!

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About the HSH Blog

HSH.com's daily blog focuses on the latest developments in the mortgage and housing markets. Our mission is to relate how changes in mortgage rates and housing policy, as well as the latest financial news, impacts consumers, homebuyers and industry insiders alike. Our 30-plus years of experience in the mortgage industry gives us an edge as we break down the latest changes in an ever-changing market.

Our bloggers:

Tim Manni

Tim Manni is the Managing Editor of HSH.com and the author of their daily blog, which concentrates on the latest developments in the mortgage and housing markets.

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