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April 2010 - Posts
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Daily Real Estate News | April 27, 2010 Mortgage fraud continues to rise, increasing 7 percent in 2009 after going up 26 percent in 2008, according to the Mortgage Asset Research Institute. Fraud usually goes undetected until the loan goes bad, says Jennifer Read More...
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Daily Real Estate News | April 26, 2010 Beginning in July, Fannie Mae will allow financially troubled home owners to complete a “deed in lieu of foreclosure” or a short sale and be eligible to apply for a new Fannie-backed mortgage in two Read More...
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Daily Real Estate News | April 23, 2010 The 30-year fixed mortgage rate stayed flat this week, averaging 5.07 percent to remain near historically low levels, reported Freddie Mac. Here’s how other rates performed: • 15-year fixed loans fell Read More...
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Daily Real Estate News | April 22, 2010 Fair Isaac, which developed FICO scores, used a comparison between two people to explain how mortgage delinquencies affect credit scores. Fair Isaac derived these numbers from a theoretical calculation based on Read More...
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Daily Real Estate News | April 21, 2010 Nearly half the homes sold in March – 48.2 percent – were purchased by first-time buyers, according to a survey of more than 1,500 real estate practitioners by Campbell/Inside Mortgage Finance. "Many Read More...
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Daily Real Estate News | April 19, 2010 Lenders are selling second mortgages and home-equity lines in default to collection agencies that have the right to collect this money potentially for decades. "It's a big business, and investors are coming Read More...
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Daily Real Estate News | April 19, 2010 The number of delinquent mortgages declined 8.6 percent in March, says LPS Applied Analytics, which tracks the performance of loans for investors. Totals also declined in February. The biggest decline was in loans Read More...
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Daily Real Estate News | April 16, 2010 The Association of Mortgage Investors (AMI) reacted to Thursday’s news that foreclosures hit record highs by commenting that this was an indication that the causes of homeowner defaults aren’t being Read More...
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Daily Real Estate News | April 16, 2010 The first decline in five weeks drove mortgage interest back down to near historically low levels once again as the 30-year fixed rate averaged 5.07 percent for the week ended April 15, down from 5.21 percent a Read More...
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Daily Real Estate News | April 14, 2010 Eight-seven percent of first-time home buyers changed their lifestyles because of unexpected expenditures related to buying a home, according to a new survey by BBVA Compass, the nation’s 15 th largest commercial Read More...
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Daily Real Estate News | April 14, 2010 The percentage of delinquent mortgages declined to 6.57 percent in the first quarter from 6.60 in the last quarter of 2009, according to Equifax and Moody’s Economy.com. This is the first decline in the delinquency Read More...
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Daily Real Estate News | April 13, 2010 Interest in purchasing a home as an investment has more than tripled in the last year, according to a survey released today by Move Inc., which operates Move.com and REALTOR.com. More than 17 percent of potential Read More...
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Daily Real Estate News | April 12, 2010 The best deals on homes these days are often on properties that aren’t perfect. Home shoppers looking for a great deal should keep these factors in mind when they are looking for a place with potential: · Read More...
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Daily Real Estate News | April 12, 2010 | More than twice as many federally insured banks have failed this year — 42 — compared to 21 that went belly up by this time last year, according to MortgageDaily.com. Mortgage-related closings totalled Read More...
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Daily Real Estate News | April 12, 2010 A federal district judge in New Orleans last week ruled against a Chinese drywall manufacturer, awarding seven Virginia families $2.6 million in damages. The Chinese firm, Taishan Gypsum Co. Ltd., which is owned Read More...
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Daily Real Estate News | April 8, 2010 The National Association of REALTORS® said this week that it will continue to press Congress for speedy action to renew authority for the Federal Emergency Management Agency to issue flood insurance under the Read More...
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Daily Real Estate News | April 7, 2010 Despite rising interest rates, the number of applications to purchase homes rose 0.2 percent last week on an adjusted basis compared to the previous week, according to the weekly Mortgage Bankers Association report. Read More...
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Daily Real Estate News | April 6, 2010 A survey of 200 real estate executives by Akerman & Co, a national commercial real estate company, reveals they believe credit issues and the volume of distressed properties continue to inhibit the recovery of Read More...
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Daily Real Estate News | April 6, 2010 The housing crisis has changed how Americans view homeownership, according to a survey of public attitudes by Fannie Mae. The number of people who view homeownership as a safe investment declined from 83 percent Read More...
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Daily Real Estate News | April 5, 2010 Two federal agencies recommended jointly Friday that home owners affected by Chinese-made drywall replace it. The Department of Housing and Urban Development and the U.S. Consumer Product Safety Commission investigated Read More...
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Daily Real Estate News | April 2, 2010 U.S. builders pushed construction spending down 1.3 percent in February to the lowest level in eight years, the Commerce Department reported Thursday. Construction reached an adjusted annual rate of $846.23 billion, Read More...
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Daily Real Estate News | April 2, 2010 The jobs report released Friday by the U.S. Department of Labor shows that the nation’s labor market continues to be weak. While employers added 162,000 jobs in March, the largest gain since 2007, about 48,000 Read More...
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Daily Real Estate News | March 31, 2010 Home flippers have their groove back, but this time around most of them are pros who are savvy enough to buy the right properties and turn them over quickly. Nationally, the number of flipped homes rose 19 percent Read More...
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Daily Real Estate News | March 31, 2010 Home prices that approach what they were before the bust are at least five years away, says Peter Morici, a University of Maryland professor of economics. “I think we’ll see housing values rise 20 or Read More...
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Daily Real Estate News | March 31, 2010 Housing price increases in 249 of the 383 metropolitan areas tracked by the Federal Housing Finance Agency were below the 8.1 percent national rate of increase during the boom. These cities also escaped serious Read More...
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