First, to all of you who were looking to find this second installment on our sister site we apologize. Technical difficulties prevented that from being published. Therefore we are re-posting it here for you, and thank you for your patience. … Continue reading
The new year is often a time when resolutions and predictions abound, an opportunity to reflect upon last year and investigate ways to make this year better. Real Estate is no different. Following are ten things real estate professionals see … Continue reading
CoreLogic (a housing data firm) reported Monday that the number of underwater homes (homes which are worth less than their mortgage balance) fell this summer for the third consecutive quarter. This is actually a mixed bag of news, both good … Continue reading
Housing agencies clash over mortgage relief program. The FHA (Federal Housing Agency) says the programs will help avoid foreclosures. The FHFA (Federal Housing Finance Agency) says that if extended to federally backed loans (Freddie Mac & Fannie Mae) it could … Continue reading
Bank of America says they have met the TARP exit requirements. They say that they have sold enough of their assets to repay the government (you and me) the $45,000,000 (yes, that’s 45 billion dollars) that funded their bail-out! According to … Continue reading
Fannie Mae, the largest federal loan insurer, has made some changes in their guidelines for home loans. The new rules go into effect 13 December this year. While it may make getting that loan a bit more difficult for a … Continue reading
HUD homes are homes that have been repossessed by the lender (usually a bank) then purchased by the federal government. The good news is that these folks seem determined to get these homes resold and back into the hands of … Continue reading
Stable home prices, low mortgage rates could gas economy Mortgage rates continue at record low rates AND the housing prices are stabilizing in many areas accross the nation. Freddie Mac reports interest rates for a 30 year fixed rate loan … Continue reading
California and Florida shared a lot of comparisons during the current housing boom-then-bust cycle. Both had a multitude of new buyers brought in by easy loans. Both had current owners hooked on upgrading and refinancing with high risk loans. And … Continue reading
Interest rates have gone up for three weeks in a row now for the “normal” (the 30 year fixed rate) home loan. This is not terrible news however. This three week raise is from record (since 1971) lows of 4.19% … Continue reading