HousingWire – FULL ARTICLE The amount of time it would take for the housing market to move through properties lingering in the foreclosure system is finally improving. Standard & Poor’s analysts estimate it would take 47 months for the housing market to work through the shadow inventory, according to their second quarter research note. They revised […]
Read MoreLAT:Fannie Mae and Freddie Mac replacements still uncertain
LA Times: FULL ARTICLE The Obama administration is still deciding how to replace seized housing giants Fannie Mae and Freddie Mac, a top Treasury official said Tuesday in denying a report that a proposal was in the works to continue a major government presence in financing mortgages.
Read MoreRealty Times: Mortgage Rates Sink Lower With Unsteady Markets
Realty Times by Ed Ferrara FULL ARTICLE Another active week occurred with mortgage rates sinking lower as uneasiness continues to create unsteady markets. Concerns over economic stress around the globe has markets reacting unpredictably each day of the week and have resulted in sliding mortgage rates.
Read MoreUSA Today: More Homeowners Shorten Mortgage Terms – Opinion
Opinion: The low rates present a terrific opportunity for homeowners with 30 year fixed mortgages to possibly save thousands of dollars in interest by refinancing into a 15 year mortgage with little or no impact on their monthly payment. Borrowers can use a mortgage calculator to determine what their payment would be at the current […]
Read MoreBloomberg: Fed Says Banks Eased Lending Terms
Bloomberg: Jeannine Aversa – FULL ARTICLE Banks loosened credit standards on most types of loans in the second quarter, with commercial and industrial lenders citing “aggressive competition” as a reason for the easier terms, according to a Federal Reserve survey.
Read MoreWAPO: Mortgage tax deductions may soon be in play – Opinion “Get Involved”
Opinion: We believe the best way to change the status quo in Washington, regardless of party affiliation, is to “get involved” in the process and contact your representative. Decisions are made by those who show up at the polls. Make sure to get involved and help architect the change we need. Kenneth R. Harney – Washington […]
Read MoreRT: The Basics of Homeowners Insurance
Buying a home is likely the biggest purchase you’ll ever make. It’s important to protect this investment. This is where homeowners insurance comes in. As a renter you may have been required to carry “renter’s insurance,” which was likely a basic plan that covered property losses and damages in case of an accident at which […]
Read MoreRISMedia: 5 Tips to Raise Your Credit Score
The higher your credit scores, the better shot you have of getting a loan or credit card application approved. Improving your credit scores takes time, but it can be done. Start by getting free copies of your three major credit reports at the government-authorized site annualcreditreport.com. FULL ARTICLE
Read MoreRISMedia: Mortgage Rates at Record Lows as Stock Market Losses Mount
RISMEDIA, August 11, 2011—Mortgage rates continued to move lower as investor concerns over the health of the U.S. economy increased, reports mortgage rate research website, ForTheBestRate.com. Interest rates advertised on the site have dropped to near their lowest point of 2011 for most products, with the 15 year fixed reaching historical record lows. FULL ARTICLE
Read MoreMSNBC: Fed says it will hold rates fast until mid-2013
The Federal Reserve sketched a dim outlook for the U.S. economy Tuesday, suggesting it will remain weak for two more years. As a result, the Fed said it expects to keep its key interest rate near zero through mid-2013. Full Article
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