MORTGAGE RATESRates on 30-year mortgages were unchanged this week at an average of 5.88 percent, where they've been for the past three weeks; however, other rates showed declines, according to Freddie Mac's weekly nationwide survey.Read the full story:http://click.email.floridarealtors.org/?ju=fe
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04/18/2008
MORTGAGE RATESRates on 30-year mortgages were unchanged this week at an average of 5.88 percent, where they've been for the past three weeks; however, other rates showed declines, according to Freddie Mac's weekly nationwide survey.Read the full story:http://click.email.floridarealtors.org/?ju=fe
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04/18/2008
MORTGAGE FRAUDFBI Director Robert Mueller on Wednesday described a "tremendous surge" in mortgage fraud investigations that he said has diverted agents from other cases and is expected to keep growing.Read the full story: http://click.email.floridarealtors.org/?ju=fe541d73706d07797112&ls=fdfa1570
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04/17/2008
HOME SELLERSSome homeowners may find that it makes sense to sell right now if they do the math and realize that the current market conditions work in their favor. "People are finding houses at prices they thought they'd never see again," says David W. O'Neil, a real estate professional in Boston,
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04/17/2008
April 16, 2008 - Housing construction in March dropped 11.9 percent below the February rate, the U.S. Census Bureau and HUD announced today. Privately owned housing starts were at a seasonally adjusted annual rate of 947,000, a decline of 36.5 percent below the revised March 2007 rate of 1,491,00
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04/16/2008
PROPERTY TAXESFlorida's Taxation and Budget Reform Commission tried and failed yesterday to cap local government taxes, fees and other revenues throughout Florida. Various versions of a local cap were considered, but none received the required two-thirds approval from commission members.Read the
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04/15/2008
SHORT SALESIt might get easier to talk banks into short selling a property. Fannie Mae says it will allow more struggling homeowners to sell their homes for less than they owe in a gambit that higher upfront losses could save money in the long-term by cutting down on the cost of foreclosures.Read
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04/14/2008
MORTGAGE DELINQUENCIESFederal and state governments face growing pressure to respond to the mortgage crisis, yet the pace at which mortgages are going delinquent appears to be speeding up. A new report shows that 4.46 percent of mortgages were at least 30 days past due at the end of the first qua
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04/11/2008
MORTGAGE PROBLEMSThe Bush administration is expanding a government plan that would enable more low- to moderate-income homeowners to refinance into mortgages with monthly payments they can afford, while lenders would take a loss on the loans. Meanwhile, U.S. senators have crafted a package of tax
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04/10/2008
MORTGAGESAlmost everybody shares some blame for the subprime mortgage crisis - investors, banks, homebuyers, etc. - but a new study by the nonprofit Center for Responsible Lending focuses on mortgage brokers, claiming they regularly placed borrowers with weak credit into higher-cost loans.Read th
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04/09/2008
