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The impact of Dodd-Frank on real estate
WASHINGTON – May 16, 2011 – Although the 2,314-page Dodd-Frank Wall Street Reform and Consumer Protection Act signed into law last year doesn’t affect real estate brokers and agents as much as, say, mortgage originators, it does have some significant implications for the industry, said Phillip Schulman, a partner at the Washington, D.C. law firm [...]
Read More >>Bankrupt Homeowners shed second mortgages
May 12, 2011 – Stung by the crash of the housing market, some struggling homeowners are using a little known but increasingly popular provision of the bankruptcy code to eliminate second mortgages and avoid foreclosure. Statistics are hard to come by, but bankruptcy lawyers say the provision has been used effectively on hundreds, if not [...]
Read More >>Groupon.com- cool site for coupons within your area
How Groupon Works: Get It Check your email, Facebook or Twitter feeds for daily deals on cool local businesses. Share It Groupons are more fun when used with friends. Pass along deals by email or broadcast them to your social networks. Enjoy It Print the voucher or bring it up on your mobile device, then [...]
Read More >>Fees For Homes Loans to Increase?
WASHINGTON – Feb. 2, 2011 – The cost of getting a mortgage is rising as higher fees hit more borrowers, including those with stellar credit. For the first time since 2009, Fannie Mae and Freddie Mac are raising risk fees they charge lenders on loans they buy for resale to investors. The mortgage giants are [...]
Read More >>Statement by Michael J. Williams, President and Chief Executive Officer, on the Bank of America Agreement
News Release January 3, 2011 Fannie Mae has reached an agreement with Bank of America, N.A., and its affiliates — BAC Home Loans Servicing, LP, and Countrywide Home Loans, Inc. — to address outstanding repurchase requests for residential mortgage loans with an unpaid principal balance of approximately $3.9 billion delivered to Fannie Mae by affiliates [...]
Read More >>Price Drop Points to Likely Double Dip in Housing Market
U.S. single-family home prices fell for a fifth straight month in November and could plumb new lows soon, a closely watched survey showed on Tuesday. The Standard & Poor’s/Case-Shiller composite index of 20 metropolitan areas declined 0.5 percent in November from October on a seasonally adjusted basis, though it was not as sharp as the [...]
Read More >>Economic Factors Impact Florida’s Housing Market in Oct. 2010
ORLANDO, Fla., Nov. 23, 2010 – Statewide year-to-date existing home sales in Florida showed positive momentum in October: 143,398 single-family existing homes sold for a 7 percent increase over the same period a year ago, though uncertainty over job growth, restrictive credit and foreclosure issues had a dampening effect on housing activity last month, according [...]
Read More >>Great Info on Homeowners Ins
Homeowners insurance: four tips to keeping costs down ST. LOUIS – Dec. 2, 2010 – In today’s economic climate, people want to save money wherever they can. Here are four ways to reduce homeowners insurance rates compiled by HomeownersInsurance.net 1. Shop around. Some insurance companies have raised house insurance costs to recoup losses from the [...]
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