Category Archives: Financing

FHA may need bailout

Posted on November 23, 2011 by admin

The Federal Housing Authority is now feeling the result of a down real estate market. According to a government report, there is a 50 percent chance that they could need a tax bailout. The FHA’s losses are due to loans … Continue reading →

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US announces help for underwater homeowners

Posted on October 27, 2011 by admin

A leading housing regulator on Monday announced changes to a government refinancing program that could help up to one million homeowners of the estimated 11 million whose homes are worth less than their mortgage. The Federal Housing Finance Agency, which … Continue reading →

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30-Year Mortgage Rates Drop Below 4%

Posted on October 10, 2011 by admin

30-Year Mortgage Rates Drop Below 4% | Friday, October 07, 2011 According to Daily Real Estate News, on October, 7, “For the first time ever, 30-year fixed-rate mortgages fell below 4 percent, Freddie Mac reported in its weekly mortgage market … Continue reading →

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B of A Pushed back on loan modification proposal

Posted on March 10, 2011 by admin

By Nelson D. Schwartz / New York Times News Service Published: March 09. 2011 4:00AM PST Showing resistance for the first time against government pressure to write off tens of billions worth of mortgage debt, Bank of America executives said … Continue reading →

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Mortgage Modification Overhaul Sought by States

Posted on March 10, 2011 by admin

By NELSON D. SCHWARTZ and DAVID STREITFELD Published: March 4, 2011 State attorneys general have presented the nation’s five biggest banks with a list of demands that could drastically alter the foreclosure process and give the government sweeping authority over … Continue reading →

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Fannie and Freddie Fees Increase

Posted on February 18, 2011 by admin

If you want a quick and dirty update on what’s happening in the real estate world, you should check out Think Big, Work Small, a video blog hosted by two entertaining guys!  Check out this snippet on Fannie and Freddie … Continue reading →

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Will interest rates start to rise?

Posted on February 14, 2011 by admin

Super-low mortgage rates may be fading into history; Analysts predict rates will keep rising through homebuying’s peak season | | The Bulletin.

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