One in every 45 housing units in the United States was the subject of a foreclosure notice during the year just ended, and the number may still be heading up according to data released today by RealtyTrac. Over 3.95 million foreclosure filings of all types were served against U.S. homeowners, a 2
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01/15/2010
There is some confusion as to whether the tax relief for cancellation of mortgage debt rules remain in effect. The short answer: YES. The rules were enacted in 2007 and were originally scheduled to expire as of December 31, 2009. The financial system relief package enacted shortly before the 2008
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01/14/2010
Provided by Trulia 1-12-10 SAN FRANCISCO January 12, 2010 - Trulia.com (www.trulia.com), today announced that 21 percent of homes currently on the market in the United States as of January 1, 2010 have experienced at least one price cut. This represents the second straight month price reduction l
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01/14/2010
Originally posted by Jann Swanson on 1/13/10 Fitch Ratings warned today that billions of prime and Alt-A mortgages that were written as interest-only (IO) loans are due to recast over the next two years. $47 billion of these loans convert to fully amortizing loans in the next 12 months and a tota
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01/13/2010
Originally posted by Tim Rood 12/4/09 1. The Federal Reserve not raising interest ratesWhere would the economy be if rates were even 100 - 200bps higher? Sure it was Greenspan's extended policy of Fed easing that inflated housing prices and created a market thirsty for yield that spawned the subp
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01/13/2010
Courtesy of Realtor.org April 1, 2010 will be the first day that the Federal Reserve will end its debt purchase program and allow the struggling U.S. mortgage market to operate unassisted. As a result, the Fed believes mortgage rates will rise about three-quarters of a percent to about 6 percent,
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01/11/2010
In the spring of 2004, while having a cup of coffee with my wife, she prompted a discussion that included the hustle-n-bustle of the Bay Area, it's high cost of living, and her desire to live in a smaller city that was known for family values and that would be conducive to raising our new-born so
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01/10/2010
Looking for a fun and inexpensive holiday treat for the kids? Check out the Pajama Party at the Zoo on December 24th. Admission is FREE! PJ Party on Christmas Eve: Free Admission Dec. 24: 10 am to 1:30 pm. Celebrate Christmas Eve at the Zoo, and you don't have to change out of your pajamas!
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12/23/2009
FHA Loans - Higher Costs & Tougher Standards are Coming Soon: An FHA Loan is insured by the federal government, guaranteeing its payment in case of default by the borrower. FHA Loans, due to their low down payment requirements and other relaxed guidelines have become popular the past couple of
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12/19/2009
FHA Loans - Higher Costs & Tougher Standards are Coming Soon: An FHA Loan is insured by the federal government, guaranteeing its payment in case of default by the borrower. FHA Loans, due to their low down payment requirements and other relaxed guidelines have become popular the past couple of
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12/19/2009
