FANNIE AND FREDDIEFederal Reserve Chairman Ben Bernanke told Congress Wednesday that troubled mortgage giants Fannie Mae and Freddie Mac are in "no danger of failing." However, he says that "weakness of market confidence" is hurting the companies.Read the full story:http://www.floridarealtors.org
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07/17/2008
FANNIE MAE AND FREDDIE MACKey Republicans on Tuesday expressed skepticism about an emergency Treasury Department plan to bolster troubled mortgage giants Fannie Mae and Freddie Mac, raising doubts on Wall Street about quick enactment. Read the full story:http://www.floridarealtors.org/NewsAndEven
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07/16/2008
MORTGAGESIf Fannie Mae and Freddie Mac collapsed, it would deal a blow to the mortgage market. But the federal government unveiled a broad program yesterday to bolster the troubled mortgage giants. Both companies said they were financially sound but grateful for the confidence-building efforts.Re
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07/14/2008
HOUSING MARKETA city's home sales statistics don't tell the whole story. In most areas, some neighborhoods have not been hurt much by the housing slowdown, such as those close to business areas or public transportation, while other neighborhoods have taken a greater hit.Read the full story:http:/
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07/11/2008
FORECLOSURESFlorida homeowners facing foreclosure have access to a lawyer and free legal advice through a program offered by the Florida Bar and Florida Legal Services. An attorney will, at no charge, negotiate with a lender on behalf of a homeowner to help keep the home out of foreclosure.Read t
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07/11/2008
SHORT SALESShort sales sound like a dream: The seller escapes foreclosure. The buyer gets a bargain price. The bank holding the home loan eats the difference. But the deals can be incredibly cumbersome to negotiate, and in an NAR survey, 94 percent of Realtors who have worked with a short sale sa
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07/09/2008
HOUSING AIDA mortgage rescue plan to save hundreds of thousands of homeowners from foreclosure drew overwhelming Senate support on Monday, inching toward possible passage by the end of the week despite Republican objections. The bill's centerpiece is a new $300 billion FHA program to allow strugg
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07/08/2008
FORECLOSURESDemocrat Barack Obama and Republican John McCain both promise help for homeowners facing foreclosure. But even the optimism that surrounds a new president taking office cannot resurrect home values overnight, and presidents have no direct ability to reduce mortgage rates.Read the full
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07/07/2008
MORTGAGE RATESRates on 30-year mortgages, which had been rising for five straight weeks, posted a decline this week to 6.35 percent as signals from the Federal Reserve eased worries about imminent interest rate increases.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n3-070308.cfm
07/03/2008
HOUSING AIDPresident Bush expressed confidence yesterday that he'll reach a deal with Congress on a housing-rescue plan, but he prodded lawmakers to show "less politics." The Senate is considering a $300 billion plan to back cheaper loans for people who risk losing their home, but that measure ha
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07/02/2008
