Source: “House Panel Votes to End Obama Foreclosure Program,” Dow Jones Business News (March 9, 2011) and “House Approves Bill Killing Aid for Struggling Homeowners; Republicans Cite Budget Deficits,” Associated Press (March 10, 2011) Republicans on the House Financial Services Committee this week voted to end the (more…)
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Mortgage Purchase Activity at Highest of Year
Realtor® Magazine – Daily Real Estate New Mortgage applications for purchases rose to their highest level of the year last week, the Mortgage Bankers Association reports. Purchase applications for mortgages increased 12.5 percent from one week earlier, and on an unadjusted basis, purchase application activity is the (more…)
Read MoreReview of the Markets
From Rich Smith, founder of PCM and Registered Investment Advisor Over the past week the S&P 500 has improved as confidence has begun to return. Most equity markets are trending higher. Long term interest rates are inching higher as whiffs of inflation surface. Gold prices have been (more…)
Read MoreTime to Believe in Housing Again?
Boise Homes are selling in 2011!
FICOs and FHA: 2 big lenders loosen up
By Ken Harney, Monday, January 31, 2011. Inman News™ Here’s some unexpected good news for anybody working to get buyers into houses, especially first-timers who don’t have much down payment cash on hand: The door to an FHA-insured mortgage just opened a little wider. With no fanfare (more…)
Read MoreHow Buying a Home Is Likely to Change
by Rick Newman Thursday, February 10, 2011 Last year’s sweeping financial-reform law revamped much of the banking system. But there’s one industry it didn’t touch: housing finance. For good reason. Unlike the convalescing banking sector, the housing market is still a wreck, with any false move likely (more…)
Read MoreWho profits from foreclosure?
CNNMoney.com By Steve Kastenbaum, CNN Radio National Correspondent Businesses and property owners are leveraging bargain-basement housing prices, making money on properties that have plunged in value and have been repossessed. The wave of foreclosures continues Despite efforts to curtail foreclosures across the U.S., the nation is still (more…)
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