U.S. News & World Report – It’s a great time to buy a home. With the real estate crash, prices are way down and mortgage rates have never been lower. But if you are not careful, a new rule recently enacted by Fannie Mae could end your homeownership dreams.
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U.S. News & World Report – It’s a great time to buy a home. With the real estate crash, prices are way down and mortgage rates have never been lower. But if you are not careful, a new rule recently enacted by Fannie Mae could end your homeownership dreams.
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U.S. News & World Report – Every year, thousands of consumers bypass lawyers and create their own wills, powers of attorney, and other estate planning documents with the help of online tools and books. As one might expect, lawyers don’t like this do-it-yourself approach. They say it breeds mistakes, since when it comes to legal issues, one size never fits all. Do they have a valid point, or are they just trying to protect their own livelihoods?
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Reuters – Sales of previously owned U.S. homes unexpectedly fell last month, a decline economists and real estate agents pinned on delays in processing mortgage applications.
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Reuters – Sales of previously owned U.S. homes unexpectedly fell last month, a decline economists and real estate agents pinned on delays in processing mortgage applications.
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Reuters – Sales of previously owned U.S. homes unexpectedly fell last month, a decline economists and real estate agents pinned on delays in processing mortgage applications.
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BusinessWeek – A year ago, the commercial real estate market was very ugly. Property values had dropped 40 percent and it looked like it was going to be very, very difficult to work our way out of the mess. There was a looming maturity of mortgages written between 2005 and 2007, the peak bubble years. A lot of these mortgages had five-year maturity triggers and were coming due. Very often all of the equity was wiped out, and mortgage holders were going to take a hit. It had elements of the housing mess, where it looked like no new mortgage financing would be available.
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AFP – US home foreclosures have dropped for the first time in four years as the economy recovered from a brutal recession triggered by a mortgage meltdown, a real estate data company said Thursday.
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U.S. News & World Report – Nearly four years after the real estate market peaked, an alarming number of Americans remain in danger of losing their homes. A non-seasonally adjusted 15 percent of home mortgages were either delinquent or in foreclosure at the end of the fourth quarter of 2009, according to the Mortgage Bankers Association. That’s the highest-ever tally in the history of the MBA’s National Delinquency Survey.
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AP – Shares of retail real estate investment trust Excel Trust are slightly higher in their IPO debut.
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