by Doug Reynolds | Sep 28, 2012 | No Category, October 2012
By Steve Cook RISMEDIA, September 22, 2012— The state that gave America Alt-A loans, the first tidal wave of foreclosures, the highest prices during the boom and the fastest fall during the bust is now leading the nation out of the six-year housing depression. In the...
by Doug Reynolds | Sep 27, 2012 | No Category, October 2012
The Federal Housing Finance Agency said Tuesday that it has adopted rules that will “enable lenders and servicers to quickly and easily qualify eligible borrowers for a short sale.” The guidelines, which take effect Nov. 1, apply only to underwater...
by Doug Reynolds | Sep 27, 2012 | No Category, October 2012
RISMEDIA, September 21, 2012 Freddie Mac (OTC: FMCC) recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing fixed mortgage rates at or near their all-time record lows, helping to keep homebuyer affordability high. The average 30-year...
by Doug Reynolds | Sep 26, 2012 | No Category, October 2012
RISMEDIA, September 21, 2012— Nationwide housing production rose 2.3 percent to a seasonally adjusted annual rate of 750,000 units in August, according to newly released figures from HUD and the U.S. Census Bureau. This increase was fueled entirely by gains in the...
by Doug Reynolds | Sep 25, 2012 | No Category, October 2012
By Claudia Buck RISMEDIA, September 25, 2012 They’re knocking on the lender’s door. As mortgage rates have tumbled to all-time lows, demand for refinancing has fired up homeowners nationwide. And it’s not just those drowning in underwater mortgages. With rates for...