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Showing page 3 of 11 (104 total posts)
  • 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 on a 30-year, fixed-rate mortgage fell 2.74 percent from the second ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on November 19, 2013
  • 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 are outselling homes in the lower-priced tiers.  Over the past year, ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on November 6, 2013
  • 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, there were 150,592 foreclosures started—down 50.8 percent from the ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on September 30, 2013
  • Despite Rising Mortgage Rates, Housing Remains a Positive Contributor

    July 22, 2013Economy Poised for a Stronger Second Half of 2013Despite Rising Mortgage Rates, Housing Remains a Positive ContributorPete Bakel202-752-2034WASHINGTON, DC – The ongoing housing recovery coupled with improvement in both consumer confidence and the labor market are expected to boost economic growth in the second half of the year, ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on July 24, 2013
  • 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  The most common problems reported were incorrect or outdated credit or personal ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on June 4, 2013
  • 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” requirements, the Federal Housing Finance Agency announced Monday. In January, the Consumer ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on May 7, 2013
  • 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 Services Inc. reports. First-time defaults -- loans that are at least 60 days delinquent -- ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on May 7, 2013
  • 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 in home prices. For example, economists at Bank of America revised their home price ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on March 14, 2013
  • 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 shrinking the government’s role in the mortgage market. The ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on March 5, 2013
  • Are Banks Easing Up on Mortgage Standards?

    Daily Real Estate News | Tuesday, March 05, 2013 -->A very tight mortgage lending environment “promises improvements this year as the drivers of tough credit standards reverse,” according to Moody’s Analytics ResiLandscape Report. Still, lending will remain tight by historical standards, the report notes. Tight ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on March 5, 2013