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FHA Closing Gap on Capital Shortfall
Daily Real Estate News | Monday, December 16, 2013 --> A year ago, the Federal Housing Administration was projected to face a $16.3 billion shortfall, but the shortfall now has fallen to $1.3 billion, a new independent audit shows. FHA received $1.7 billion Read More...
Despite Rising Mortgage Rates, Housing Remains a Positive Contributor
July 22, 2013 Economy Poised for a Stronger Second Half of 2013 Despite Rising Mortgage Rates, Housing Remains a Positive Contributor Pete Bakel 202-752-2034 WASHINGTON, DC – The ongoing housing recovery coupled with improvement in both consumer Read More...
Feds Target Bid-Rigging Scams at Foreclosure Auctions
Federal investigators are cracking down on foreclosure auction scams, where real estate speculators illegally try to fix the bidding process on properties. The cases mostly center in northern and central California, but bid-rigging schemes have also been Read More...
Fannie Mae/Freddie Mac to Limit Loan Purchases
Mortgage Giants to Limit Loan Purchases to 'Qualified Mortgages' Daily Real Estate News | Tuesday, May 07, 2013 --> Mortgage giants Fannie Mae and Freddie Mac will begin next year to purchase only loans that meet new “qualified mortgage” Read More...
Mortgage Delinquencies Fall to 2007 Lows
Daily Real Estate News | Tuesday, May 07, 2013 --> Delinquencies on home loans dropped in March to 0.84 percent of the nation's 50.2 million mortgages -- the first month since 2007 that delinquencies were below the 1 percent mark, Lender Processing Read More...
2011-12 Cost vs. Value: Big-Bang Remodeling Projects
Find out which remodeling projects will provide the biggest bang for your buck this year, according to Remodeling magazine. March 2012 | By Erica Christoffer --> Optimizing the use of space in a home will not only attract buyers but also give sellers Read More...
December Existing-Home Sales Show Uptrend
Daily Real Estate News | Friday, January 20, 2012 --> Existing-home sales continued on an uptrend in December, rising for three consecutive months and remaining above where they were a year ago, according to the National Association of REALTORS®. Read More...
October Existing-Home Sales Rise
Daily Real Estate News | Monday, November 21, 2011 --> Existing-home sales improved in October while the number of homes on the market continued to decline, according to the National Association of REALTORS ® . Total existing-home sales — completed Read More...
12 Housing Markets Seeing the Biggest Turnarounds
Daily Real Estate News | Monday, September 12, 2011 --> The National Association of Home Builders is debuting a new economic index that highlights metro areas that are seeing the most improvement in their housing markets. The First American Improving Read More...
Green Mortgages Allow More Options for Upgrades
Daily Real Estate News | Monday, September 12, 2011 --> With the growth of green building the last decade, green lending has emerged to help finance those often costly “green” upgrades. Dave Porter, with PorterWorks in Stanton, Wash., who Read More...
11 Fastest-Selling Real Estate Markets
Nationally, the median age of inventory of homes on the market shrank slightly in May from April to 92 days, but still marks a 4.55 percent year-over-year increase. But in some markets homes are selling much faster. For example, the fastest-selling market Read More...
Michigan Court of Appeals ruling could halt some foreclosures
A ruling by the state Court of Appeals could mean relief for thousands of people facing foreclosure in Michigan. The ruling applies to foreclosures started under the Mortgage Electronic Registration System, or MERS. MERS is a nationwide system that was Read More...
Traverse City MLS Market Summary 2011 YTD
Statistics for: Class=SF, VL, CM, MF AND Status=ACT'SLD'PND AND Date Range=01/01/2011-04/30/2011 AND Area=1, 2, 3, 4, 5 AND Board=-1; As Of: 4/26/2011 Active Price Range Number of Listings Average Days On Market 0$ - $19,999 1,102 528 $20,000 Read More...
Mortgage Delinquencies Continue to Decline
Mortgages for single-family homes that are 90 days or more delinquent declined for the third consecutive month in February, Freddie Mac reports. Delinquencies on single-family homes dropped to 3.78 percent in February from 3.82 percent in January. What’s Read More...
February Pending Home Sales Rise
Pending home sales increased in February but with notable regional variations, according to the National Association of REALTORS®. The Pending Home Sales Index , a forward-looking indicator, rose 2.1 percent to 90.8, based on contracts signed in February, Read More...
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