Many areas of Australia are operating under severe water restrictions Architects and builders throughout Australia are incorporating advanced water-efficient measures that U.S. water experts point to as practical solutions for our own looming crisis The collection tanks feed into the main 32,0
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05/26/2011
The combined REO inventory for Fannie, Freddie and the FHA1 decreased to 287,184 at the end of Q1 2011, from a record 295,307 units at the end of Q4 as shown in the second graph. The pace of foreclosures is picking up, but so is the pace of REO sales. Freddie Mac noted REO sales were at record le
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05/23/2011
30-year fixed rates averaged 4.61% with an average 0.7 point for the week ending May 19, 2011, down from 4.63% last week One-year ago 30-year fixed rates averaged 4.84% 15-year fixed rates averaged 3.80% with an average 0.7 point, down from 3.82% last week One-year ago 15-year fixed rates averag
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05/21/2011
FORECLOSED homes have maintenance issues that have been ignored Lenders turn off the water and power to cut the cost of letting the place sit Most purchase loans cannot fund homes that need repairs or have major deferred maintenance Distressed properties are sold at a discount and make up 40 per
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05/20/2011
Fixed-rate loans accounted for more than 95 percent of refinance loans in 1st Quarter 2011 34% chose a 15- or 20-year loan, the highest such share since the first quarter of 2004 84% of borrowers who had a hybrid ARM chose to refinance into a fixed-rate product during the 1st Quarter "Fixed mort
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05/18/2011
The May 2011 issue of "Remodeling Magazine" features profiles of 50 top residential builders and contractors who have separated themselves from their competition. Click on the link below to read the May 2011 Digital Edition of "Remodeling Magazine". http://mydigimag.rrd.com/publication/frame.php?
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05/17/2011
Top %: State/Region Home Price Decline Rate percentage from applicable peak in that state through March 31, 2011 Bottom %: Percent of Fannie Mae single-family conventional guaranty book of business by unpaid principal balance as of March 31, 2011 Note: Regional home price decline percentages are
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05/17/2011
Fannie Mae's most recent national housing survey ... showed a majority had increased confidence during the first quarter of 2011 57% believed purchasing property was still the best investment, ahead of 401(k) plans and IRAs However, only 33% felt the economy is on the right path, a 4 percent in
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05/16/2011
The HUD "Good Neighbor Next Door" home sales program is offering a 2-bedroom, 1 bath SFR iin Ontario, CA to an eligible teacher, police officer, fire fighter or EMT for as little as $87,500. This represents a 50% discount and the down payment can be as little as $100 if the eligible homebuyer uti
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05/13/2011
The HUD "Good Neighbor Next Door" Home Sales Program is offering a 4-bedroom SFR in Los Angeles, CA to eligible teachers, police officers, fire fighters or EMT for as little as $126,000, which is a 50% discount. The home can also be purchased for as little as $100 down payment if the eligible hom
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05/13/2011
