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WASHINGTON – Feb. 24, 2009 – Lawyers hired by mortgage finance giant Freddie Mac are quietly investigating the firm’s own $2 million lobbying campaign, The Associated Press has learned. The lobbying effort helped quash proposed new regulations ...[Read More]
MIAMI – Feb. 24, 2009 – In Judge A. Jay Cristol’s bankruptcy court, the bench shakes and a deep thud reverberates throughout the room as he stamps one of many documents that mark the steady progress of a case. It’s a sound that ...[Read More]
ORLANDO, Fla. – Feb. 23, 2009 – More Florida-based insurers are eagerly seeking property-insurance customers whose policies will eventually be dropped by State Farm Florida. Northern Capital Insurance has announced that it can take as many ...[Read More]
CHICAGO – Feb. 23, 2009 – “Good” credit is not a black-and-white matter these days. To mortgage financiers Fannie Mae and Freddie Mac, there’s good credit, better credit and best credit. That’s because about a year ago ...[Read More]
TALLAHASSEE, Fla. (AP) – Feb. 20, 2009 – Gov. Charlie Crist’s political mantra has been to hold down property insurance rates, taxes and almost anything else costly. Whether Crist seeks re-election or Mel Martinez’s U.S. Senate ...[Read More]
McLEAN, Va. – Feb. 20, 2009 – Rates on 30-year-fixed mortgages fell this week, declining along with bonds yields amid easing concerns over inflation due to the still-slowing economy, Freddie Mac said Thursday. The average rate on a 30-year ...[Read More]
WASHINGTON – Feb. 20, 2009 – A day after President Obama unveiled his $75 billion foreclosure prevention program, administration officials yesterday said they were still determining which homeowners should qualify. The administration is developing ...[Read More]
TALLAHASSEE, Fla. (AP) – Feb. 19, 2009 – After cutting $7 billion in spending over the past two years, Florida lawmakers are likely to do more slashing to balance another tight budget, but they’re also looking at two previously taboo ...[Read More]
WASHINGTON – Feb. 19, 2009 – Housing Secretary Shaun Donovan said Thursday it’s critically important that banks and lending institutions work to help make certain the Obama administration’s new home foreclosure initiative succeeds. ...[Read More]
ORLANDO, Fla. – Feb. 19, 2009 – Is the love affair outsiders have with Florida losing its zest? A drop in driver’s license applications from out-of-state residents certainly suggests they’ve cooled to the Sunshine State’s ...[Read More]
WASHINGTON (AP) – Feb. 18, 2009 – Construction of new homes and applications for future projects both plunged to record lows in January as all parts of the country showed big declines in building activity. Analysts are hoping that a boost from ...[Read More]
MIAMI – Feb. 18, 2009 – Just six months ago, with South Florida home prices in a steady fall, the decision to buy or rent was clear for many prospective homebuyers – keep on renting, of course. But these days, as the housing downturn ...[Read More]
MESA, Ariz. (AP) – Feb. 18, 2009 – Seeking to tackle “a crisis unlike any we’ve ever known,” President Barack Obama unveiled an ambitious $75 billion plan Wednesday to keep as many as 9 million Americans from losing their ...[Read More]
MANATEE COUNTY, Fla. – Feb. 17, 2009 – Posting a “For Sale” sign in the front yard has become very low-tech these days for local real estate agents. They’re now using the latest technology – the Internet, cell phones, ...[Read More]
MANATEE COUNTY, Fla. – Feb. 17, 2009 – The presence of defective drywall in some Manatee County homes has heightened awareness about the issue in the real estate world. Buyers, sellers and real estate agents are all asking the same question: ...[Read More]
TALLAHASSEE, Fla. (AP) – Feb. 17, 2009 – There’s nothing like a few billion dollars to make a governor smile. And Florida’s Charlie Crist was beaming Monday when he met with some agency heads to discuss the federal government’s ...[Read More]
PALM BEACH COUNTY, Fla. – Feb. 17, 2009 – For 700,000 homeowners covered by State Farm Florida, the departure of the state’s largest private home insurer might not be as financially painful as feared. Florida Insurance Commissioner Kevin ...[Read More]
WASHINGTON – Feb. 17, 2009 – How does a first-time homebuyer take advantage of the $8,000 tax credit that President Obama is expected to sign into law tomorrow? It comes with a few rules. According to the most recent analysis, the following ...[Read More]
BEIJING – Feb. 13, 2009 – Beijing lawyer Ying Guohua is heading to the United States on a shopping trip, looking not for designer clothes or jewelry, but for a $1 million home in New York City or Los Angeles. He expects to get a bargain. Ying ...[Read More]
WASHINGTON – Feb. 13, 2009 – The U.S. Treasury’s decision to accept commercial mortgage-backed securities as eligible collateral for the Term Asset-Backed Loan Facility (TALF) will encourage investment in the commercial real estate market, ...[Read More]
NAVARRE, Fla. – Feb. 13, 2009 – Al Muller had numbers on parade Wednesday when he spoke to the Navarre Area Board of Realtors about where the local real estate market has been and where it is. But what his audience of nearly 90 really wanted ...[Read More]
McLEAN, Va. (AP) – Feb. 13, 2009 – Rates on 30-year-fixed mortgages fell this week, offering homeowners a chance to refinance their loans, Freddie Mac said Thursday. The average rate on a 30-year fixed mortgage dropped to 5.16 percent this ...[Read More]
WASHINGTON – Feb. 13, 2009 – A new tax credit of up to $8,000 for first-time homebuyers that’s being included in the economic stimulus package was far less than the homebuilding industry wanted, and analysts expect it will provide only ...[Read More]
WASHINGTON – May 8, 2008 – The U.S. Department of Housing and Urban Development (HUD) announced that it’s extending the public comment period on the Bush Administration’s proposed reforms to the real estate settlement process (RESPA). ...[Read More]
WASHINGTON – May 8, 2008 – Speaking during a television interview, former Federal Reserve chairman Alan Greenspan declared that the country has slipped into a mild recession that is not likely to improve until residential property prices begin ...[Read More]
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