12/6/2011 4:11:00 PM
Fannie Mae: Market Will Take Five More Years to Adjust
“We are five years through a 10-year adjustment process,” said Fannie Mae chief economist Doug Duncan at the Five Star MPact Mortgage Conference and Expo Tuesday morning. Dodd-Frank has 300 rules that must be implemented in the market. Half of ...
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10/11/2011 12:23:00 PM
Two California Investors Plead Guilty to Bid Rigging
Two real estate investors are pleading guilty to mail fraud and bid rigging at public foreclosure auctions in Northern California, according to the Department of Justice. Eric Larsen, a San Leandro resident, and Timothy Powers, an Alamo resident, conspired ...
Views: 52
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10/11/2011 12:18:00 PM
Market Will Not See Bottom Until at Least 2012
According to Zillows latest Real Estate Market Report released on Tuesday we won't see the bottom until next year. “At this point, we maintain the expectation that a definitive bottom will not occur until 2012 at the earliest,” Humphries stated. ...
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9/29/2011 11:47:00 AM
Google invests $128 Million in Affordable Housing
Google has the search, mobile, and advertising markets covered. Now it's branching out once again, this time into low-income housing developments. The Boston Globe reported today that Google has invested $28 million to build 240 housing units at the Charlesview ...
Views: 27
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9/29/2011 11:28:00 AM
Wells Fargo Increases Home Retention Efforts
Wells Fargo & Company says it will increase its commitment to credit counseling nonprofits by $5.4 million to a total of $12.4 million in 2011 – a 35 percent increase over the $9.2 million in 2010 – for national and local credit counseling ...
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5/18/2011 12:23:00 PM
West Coast Foreclosures Counterintuitive After Robo-Signing Fixes
Foreclosure activity slowed in April in states along the country’s West Coast, but a local firm that tracks every pre-foreclosure notice, foreclosure auction, and foreclosure sale in the area is having trouble making sense of what it says is an unexpected ...
Views: 59
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5/18/2011 12:18:00 PM
LPS Reports an About-Face in Delinquency and Foreclosure Movement
Lender Processing Services ( LPS ) says market data it’s pulled through the end of April reveals an increase in the national mortgage delinquency rate and a drop in the industry’s foreclosure inventory. Both stats did a complete u-turn from the ...
Views: 59
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5/11/2011 12:02:00 PM
Report: REOs and Shorts Accounted for 39% of Q1 Existing-Home Sales
Data released by the National Association of Realtors ( NAR ) Tuesday show that distressed properties – including bank-owned homes and pre-foreclosure short sales – made up 39 percent of the first quarter’s existing-home sales. That’s ...
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5/5/2011 2:04:00 PM
Fixed Mortgage Rates Drop to Yearly Lows
Interest rates on home loans have dropped across the board for the third consecutive week. Freddie Mac reports that the average rate on a 30-year fixed mortgage this week slipped enough to match its lowest mark in 2011, while the 15-year rate fell to a new ...
Views: 57
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4/26/2011 3:05:00 PM
Realtor.com comes to iPad
iPad is the latest mobile device with access to a Realtor.com app, according to details released Tuesday by California-based Move, Inc. , operator of Realtor.com, the official site of the National Association of Realtors . Compatible with iPad iOS 4.0 or higher, ...
Views: 61
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