$500,000 Mortgage Modifications are Expiring: What does that mean for the housing market? – Big Money Real Estate
Today on Big Money Real Estate, Ilyce talks with Greg McBride, Chief Financial Analyst of Bankrate, about the $500,000 mortgage modifications that are expected to expire in 2015. Mortgage payments will rise in 2015 for nearly half a million homeowners nationwide who have taken part in the HAMP program, McBride said. Many homeowners may not be able to afford this increase, which could create some opportunities for real estate investors. To learn more, watch Ilyce and Greg on Big Money Real Estate.