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Experts say that mortgage rates will likely stay low, even if the Federal Reserve stops its mortgage-backed securities purchasing program in March 2010. Full Story >[Read More]
Hundreds of thousands of borrowers face a substantial increase of mortgage payments next year on option ARM loans written in 2004. Full Story >[Read More]
U.S. Census Bureau and the Department of Housing and Urban Development reported a 6.2 percent increase in new home sales from September to October. Full Story >[Read More]
Home sales will increase 15 percent and real estate professionals' income will go up 20 percent next year, NAR Chief Economist Lawrence Yun predicted in his residential economic update. Read more >[Read More]
On November 5, 2009, the House of Representatives passed H.R. 3548, the Worker, Homeownership, and Business Assistance Act of 2009 (the “’09 Act”) which the Senate had approved the day before. President Obama signed it into law on Friday, ...[Read More]
Mortgage application paperwork has to be ready to go, though short-sale purchases should be avoided to make the Nov. 30th deadline. Read more >[Read More]
Mortgage Bankers Association predicts increased home sales at the lower end of the market in 2010, with prices continuing to fall into the first quarter of next year. Read more >[Read More]
Federal Housing Administration Commissioner David Stevens says the government insurer poses little risk to taxpayers and is underwriting far more lower-risk borrowers compared to a few years ago. Read more >[Read More]
Some real estate experts warn that while there will be a gradual rise in home values, buyers should consider the same risks associated with purchasing securities before acquiring property. Read more >[Read More]
The Conference Board survey found that confidence slipped in September, the fourth-straight monthly decline, as unemployment concerns continue to rise. Read more >[Read More]
The owners of the Empire State Building and the Willis Tower are making these skyscrapers more energy efficient, which means lower utility bills. Read more >[Read More]
The Wall Street Journal rated the top 10 U.S. cities to attract young adults in the recovering economy. See if your city made the list. Read more >[Read More]
Federal Reserve Chair Ben Bernanke asks Congress for more regulatory power, pushing for the creation of a council to oversee the finance industry. Read more >[Read More]
The Community Mortgage Lenders of America and the Community Mortgage Banking Project have formed to represent and lobby for small, local lenders. Read more >[Read More]
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