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July 2010 - Posts
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Daily Real Estate News | July 28, 2010 | addthis_pub = 'rmostaff'; addthis_logo = 'http://www.addthis.com/images/yourlogo.png'; addthis_logo_background = 'EFEFFF'; addthis_logo_color = '666699'; addthis_brand = ''; addthis_options = 'delicious, digg, Read More...
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Daily Real Estate News | July 29, 2010 | addthis_pub = 'rmostaff'; addthis_logo = 'http://www.addthis.com/images/yourlogo.png'; addthis_logo_background = 'EFEFFF'; addthis_logo_color = '666699'; addthis_brand = ''; addthis_options = 'delicious, digg, Read More...
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Daily Real Estate News | July 29, 2010 | addthis_pub = 'rmostaff'; addthis_logo = 'http://www.addthis.com/images/yourlogo.png'; addthis_logo_background = 'EFEFFF'; addthis_logo_color = '666699'; addthis_brand = ''; addthis_options = 'delicious, digg, Read More...
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Daily Real Estate News | July 27, 2010 | Foreclosure reduces the value of a home by 27 percent on average, according to a new study from Harvard University and the Massachusetts Institute of Technology. Other kinds of forced sales have less dramatic impacts, Read More...
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Daily Real Estate News | July 26, 2010 | addthis_pub = 'rmostaff'; addthis_logo = 'http://www.addthis.com/images/yourlogo.png'; addthis_logo_background = 'EFEFFF'; addthis_logo_color = '666699'; addthis_brand = ''; addthis_options = 'delicious, digg, Read More...
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Daily Real Estate News | July 23, 2010 The Securities Industry and Financial Markets Association, a trade group that lobbies for Wall Street and the financial services industry argued Wednesday that the government should continue to support Fannie Mae Read More...
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Daily Real Estate News | July 19, 2010 Fannie Mae announced last week that it is reviewing the rule it put in place earlier this year requiring lenders to do a second credit check shortly before closing. The goal of the rule is to identify new debt that Read More...
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Daily Real Estate News | July 19, 2010 Anyone shopping for a new mortgage these days should shop around, says Cameron Findlay, chief economist for LendingTree. Although mortgage rates look astoundingly low, the spread between what the bank receives and Read More...
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Daily Real Estate News | July 16, 2010 Repossessions climbed 38 percent in the first six months of 2010 compared 2009 and were up 5 percent from the first quarter, foreclosure listing service RealtyTrac announced Thursday. In all, lenders repossessed Read More...
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Daily Real Estate News | July 15, 2010 The Senate in a 60-39 vote passed landmark legislation to create new oversight structures for financial services firms and increase protection of consumers with a new Consumer Financial Protection Bureau. The 2,300-page Read More...
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Daily Real Estate News | July 14, 2010 Mortgage applications to purchase homes fell to the lowest level since December 1996, decreasing 3.1 percent last week on a seasonally adjusted basis, according to the Mortgage Bankers Association weekly report. Read More...
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Daily Real Estate News | July 12, 2010 Lenders continue to reject borrowers with otherwise good credit when they diverge from the standard approval checklist. Would-be borrowers facing the most problems include the self-employed. One reason bankers are Read More...
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Daily Real Estate News | July 9, 2010 The average interest on a 30-year fixed mortgage dipped to a new record low of 4.57 percent this week — down from 4.58 percent a week ago, according to Freddie Mac, which began tracking rates in 1971. Still, Read More...
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Daily Real Estate News | July 8, 2010 | addthis_pub = 'rmostaff'; addthis_logo = 'http://www.addthis.com/images/yourlogo.png'; addthis_logo_background = 'EFEFFF'; addthis_logo_color = '666699'; addthis_brand = ''; addthis_options = 'delicious, digg, favorites, Read More...
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Daily Real Estate News | July 7, 2010 U.S. Treasury Secretary Timothy Geithner in a PBS television interview on Tuesday defended government efforts to reduce foreclosures. He said the federal programs helped millions of families stay in their homes because Read More...
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Daily Real Estate News | July 6, 2010 | Branch out by helping consumers understand why savvy home owners pine for lush, healthy trees. Share facts and tips on how trees save energy and grow a home’s value that are now available in the July “Outdoor Read More...
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Daily Real Estate News | July 6, 2010 While borrowers with “super prime” credit scores accounted for just 5 percent of the mortgage delinquencies, about 28 percent of their defaults were calculated and strategic. This relatively small actual Read More...
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Daily Real Estate News | July 2, 2010 The one factor that would certainly push up demand for homes is increased employment, but many analysts are now predicting that employment won’t revive significantly until 2011. This doesn’t bode well Read More...
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Daily Real Estate News | July 1, 2010 After a close brush with a deadline that could have impacted tens of thousands of home buyers, the U.S. Congress last night passed an extension of the Home buyer Tax Credit closing deadline. The extension is included Read More...
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Daily Real Estate News | June 30, 2010 Online foreclosure marketplace RealtyTrac reported today that homes in foreclosures accounted for 31 percent of the residential sales in the first quarter of 2010. The average sales price of these properties was Read More...
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Daily Real Estate News | June 30, 2010 | addthis_pub = 'rmostaff'; addthis_logo = 'http://www.addthis.com/images/yourlogo.png'; addthis_logo_background = 'EFEFFF'; addthis_logo_color = '666699'; addthis_brand = ''; addthis_options = 'delicious, digg, Read More...
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