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Will Heirs One Day Face the Bill on a Reverse Mortgage?
Daily Real Estate News | Friday, February 14, 2014 --> Reverse mortgages are expected to be an increasing option that baby boomers turn to as they age to cover living expenses, but heirs may get stuck with the final bill, The New York Times reports. “In Read More...
2013 Traverse City area Real Estate Statistics - Market Improving
Happy 2014 from Traverse City. The 2013 Traverse City / Grand Traverse area real estate market statistics are in for our local MLS/ 5 County area and the market has improved in every category as you can see by the attached document. If you or anyone you Read More...
5 Tips to Improve Your Credit Score
Daily Real Estate News | Friday, December 20, 2013 --> No credit or a bad credit score can be an obstacle to home buying, but you can offer advice to help clients improve their finances. Al Goldstein, CEO of Pangea Properties in Chicago, has these five Read More...
Century 21 Survey -Home Ownership is Key for Returning Troops
Daily Real Estate News | Monday, December 02, 2013 --> For 75 percent of military families, owning a home is one of the most important things to accomplish upon returning from service, according to a Century 21 survey. Harris Interactive conducted the Read More...
Foreclosures Fall to 5-Year Lows
Daily Real Estate News | Monday, November 25, 2013 --> National foreclosure pre-sale inventory is at its lowest point since 2008, Lender Processing Services reports. The inventory—which reflects the number of loans that are in some stage of foreclosure—represents Read More...
Lenders Loosen Down Payment Requirements
Daily Real Estate News | Monday, November 18, 2013 --> Lenders' tight underwriting standards have been blamed for sidelining many potential home buyers the last few years. But lenders may be showing signs of loosening up a bit. The average down payment Read More...
High-Priced Properties Drive Housing Recovery
Daily Real Estate News | Wednesday, November 06, 2013 --> Sales growth is strongest among homes in the highest home tiers, according to a new analysis of housing data from the National Association of REALTORS®. Homes in the above-median-priced categories Read More...
Foreclosure Starts Cut in Half
Daily Real Estate News | Monday, September 30, 2013 --> Foreclosure starts have fallen to half the level they were a year earlier, according to second quarter data recently released from the Office of the Comptroller of the Currency. In the second quarter, 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...
Nearly Quarter of Americans Find Errors in Credit Reports
Daily Real Estate News | Tuesday, June 04, 2013 --> Nearly a quarter of Americans say they’ve discovered problems with their credit reports, according to a new study of 1,000 American adults by FindLaw.com, an online legal information portal. The 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...
Economists Revise Housing Figures Amid Optimism
Daily Real Estate News | Thursday, March 14, 2013 --> Several economists have recently revised their predictions on housing values to reflect a stronger-than-expected real estate rebound, and some have even doubled their original forecasts over the rise Read More...
Fannie, Freddie Footprint to Shrink With New Company
Daily Real Estate News | Tuesday, March 05, 2013 --> The Federal Housing Finance Agency (FHFA) announced Monday that mortgage giants Fannie Mae and Freddie Mac will create a new joint company for securitizing home loans. The move is viewed as a step toward Read More...