RECENT BLOG POSTS
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Pending homes sales, a forward-looking indicator, show sales closed in April are likely to remain soft, with some drag possbile in May as well, according to the National Association of Realtors.The Pending Homes Sales Index, based on contracts signed in March, registered 104.3 down 10.5 percent f...
05/04/2007
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The Eldercare Locator, a public service of the U.S. Administration on Aging, U.S. Department of Health and Human Services, is a nationwide service that connects older Americans and their caregivers with information on senior services that will help older persons live independently and safely in ...
05/01/2007
The National Association of Realtors supports legislation that would change the current law that forces individuals to pay an income tax when they have had a part of a mortgage loan forgiven or have been forced to foreclose because of their inability to pay thier mortgage.Since the early 1990's, ...
04/24/2007
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Exploding ARMs feature low initial 'teaser' rates that reset after two or three yeers at much higher levels that can run past 10 percent. The payments on fixed rate mortgages stay the same throughout the lengths of the loans.Panelists at the hearing included spokesmen for Freddie Mac and Fannie M...
04/22/2007
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Frequently, the best bargains in distressed properties can be found at the sheriffs sales, although numerous pitfalls can be encountered. First, its fair to say that your buyer probably won't have complete information about what they're purchasing. Because defaulting homeowners frequently still...
04/10/2007
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There are plenty of opportunities out there to work with buyer-investors in foreclosure properties. Before you do, however, its essential to understand that this is a niche market with many subtle but important nuances, requiring considerable specialized knowledge and contacts. You'll need to hel...
03/29/2007
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The reason many mortgage lenders are in trouble became alarming clear Tuesday. The Mortgage Bankers Association said more than million Americans with a home loan missed at least one payment at the end of last year--and the rate of new foreclosures hit a record. The problem is most severe for borr...
03/16/2007
Unusual weather patterns and problems in the subprime lending marketplace are creating challenges in assessing housing market conditions, but a recovery is likely this year, according to the latest forecast. David Lereah, NAR's chief economist, said there is some ambiguity about the current housi...
03/15/2007
Mortgage lenders are tightening standards for loans to the 15% of potential borrowers who have the worst credit. Even with the more rigorous standards, many credit-impaired borrowers can find willing lenders--albeit at higher rates than are being quoted as recently as early February. "I think fo...
03/05/2007
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Mortgage rates dropped this week in a classic illustration of a phenomenon known as the flight to quality. The benchmark 30 year fixed rate mortgage fell 9 basis points, to 6.2%, according to the Bankrate.com national survey of large lenders. A basis point is one-hundredth of 1 percentage point....
03/05/2007