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RECENT BLOG POSTS
http://realtytimes.com/rtpages/20101008_rates.htm Mortgage Rates Continue to Fall According to Freddie Mac's Weekly Survey McLean, VA - Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), which found that the 30-year fixed-rate mortgage rate dropped
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10/08/2010
Banks face fresh crisis: How to be a REIT Posted by Katie Benner October 7, 2010 1:13 pm The biggest banks are now large property owners, thanks to the foreclosure crisis. Clearing those assets off the balance sheet won't be an easy task. The White House said on Thursday that President Obama will
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10/08/2010
NEW YORK (CNNMoney.com) -- The job market suffered another blow last month, as business hiring dwindled and the government continued to shed workers. Overall, the economy lost a total of 95,000 jobs in September, the Labor Department reported Friday, far worse than expected and down from the pr
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10/08/2010
Not surprisingly, people with good credit ratings were able to readily score loan offers on Zillow. The lowest interest rates were offered to individuals with the best credit scores, or FICO scores, of 720 or higher. Borrowers with 720 or better scores received an average annual percentage rate o
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10/07/2010
It's a tough time to be a homeowner trying to sell. The national statistics show inventories and prices holding steady through the first half of 2010. While this is a relief from the grim free fall that home sellers faced after the real estate bubble burst, there still isn't the upward momentum
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10/07/2010
Now Congress is getting into the fray regarding tens of thousands of improperly processed foreclosure cases. "It is time that banks are held accountable for their practices," House speaker Nancy Pelosi (pictured left) and 30 more Democratic representatives from California reported to the Justice
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10/07/2010
HALLOWEEN HUMOR HALLOWEEN IS GOING TO SUCK THIS YEAR
10/06/2010
Bank of America Is Exiting Wholesale Mortgages Bank of America Corp. is quitting the wholesale mortgage business. It will continue to offer mortgage loans directly to consumers, and continue to buy loans originated by community banks, credit unions and other lenders."By exiting the first mortgage
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10/06/2010
HUD Has Loans for Out-of-Work Borrowers The U.S. Department of Housing and Urban Development announced Tuesday that it will offer $50,000 loans to unemployed borrowers who are at least three months behind in their payments, but who have a reasonable likelihood of being able to resume regular
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10/06/2010
Anthony Jackson, a second-grade teacher in Chicago's metro area, says the key to buying a foreclosure is to "strike early once you see the listing" and "don't bid too low."Jackson bought a bank-owned three-bedroom, single-family home with one-and-a-half baths in the Chatham neighborhood of Chicag
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10/06/2010
