Homes And Condos

Lenders are on your side; they want you to qualify for their loan because that is how they make their living.

Sticks and loans
Congressional leaders and the White House have agreed to raise loan limits on mortgages guaranteed by Fannie Mae and Freddie Mac.

Raising limits: Will it help?
Congressional leaders and the White House have agreed to raise loan limits on mortgages guaranteed by Fannie Mae and Freddie Mac.

Fed cut and mortgage rates
Lower rates may mean its time for a look at refinancing.

On TV; common questions
Heartbreaking stories about forclosures.

Back to refi basics
Holden Lewis fields basic refi questions on live chat.

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A property typically faces foreclosure when the homeowner is financially distressed and is unable to repay the loan.

Clearly, the seller is looking to make as much profit as possible while the buyer is trying to garner the best deal; some negotiating is required to ensure that everyone walks away from the transaction satisfied.

A bank makes money when it loans money to you.

Existing-home sales dropped in December

Sales of existing homes fell in December, closing out a horrible year for housing in which sales of single-family homes plunged by the largest amount in 25 years.

Deal a boon to higher-priced housing markets
A component of the U.S. government’s tentative economic stimulus package announced Thursday would give an immediate lift to buyers and sellers in higher-priced housing markets.

Report: Subprime probe gets cooperation
A company that analyzed the quality of subprime mortgages for investment banks has agreed to provide the New York attorney general with information for an investigation, a newspaper reported Saturday.

Number of foreclosures soared in 2007
The number of U.S. homes that slipped into some stage of foreclosure in 2007 was 79 percent higher than in the previous year, a real estate tracking company said Tuesday.

Housing mess makes buying decisions harder
Owning a home as opposed to renting one is a no-brainer, right? Not any more.

Similar deals expected after Countrywide sale
Similar deals are expected to follow Bank of America Corps agreement on Friday to acquire battered mortgage lender Countrywide Financial Corp for a knock-down price of $4 billion.

Homeowners rushing to refinance mortgages
This week’s surprise rate cut by the Federal Reserve kicked into high gear a rush by homeowners across the country to refinance their mortgages at today’s lower rates.

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These days, buyers of real estates are wising up on the correct way of purchasing homes.

Good mortgage lenders will in fact ask you to provide only the basic details and will fill up the rest of the documentation by themselves.

If you plan to rent your investment property out, single family homes are the easiest homes to rent, assuming they’re not too expensive.

Daughter wonders who gets dad’s house
When there’s no will, it can be difficult to find a way, says Dr. Don Taylor.

Comparing the candidates on the issues
Want to see how your favorite stacks up against another candidate? This will do it.

Should dad co-sign for credit card?
Helping a daughter rebuild credit after bankruptcy by co-signing on a credit card is risky, says the Bankruptcy Adviser.

Getting a replacement W-2
If your wage statement gets waylaid, here’s a substitute the IRS will accept.

Introducing the issues and candidates
Bankrate picked six pocketbook issues and looked at where the candidates stand.

Figuring a home’s capital gains
CPA George Saenz advises a couple who is combining homes and wants the tax advantages too.

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Bridging loans involve an evaluation of property.

Countrywide denies it will file for bankruptcy
Shares of Countrywide Financial Corp., the nations largest mortgage lender, plunged Tuesday after the company denied rumors that it was planning to file for bankruptcy.

Paulson: Mortgage aid expansion possible

Treasury Secretary Henry Paulson said Tuesday the administration was exploring what would be a significant expansion of the program to help at-risk mortgage holders.

November pending home sales slide
Pending sales of existing homes fell 2.6 percent in November from an October level that was revised sharply upwards and sales should hold steady over the next few months.

New home sales fell by record amount in 2007
Sales of new homes plunged by a record amount in 2007 while prices posted the weakest showing in 16 years.

Countrywides bad loans surge
Countrywides shares tumbled for a second day Wednesday after the mortgage lender said the delinquency and foreclosure rate of home loans in its portfolio surged in December.

Eight reasons why your house is unsellable
Housing trends sail by faster than most of us have time to notice, but when it comes to selling your house, you might suddenly wish youd sat up and paid attention before. Real estate guru Barbara Corcoran lists the big no-nos that make a house unsellable.

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Make sure you set a price that is grounded on facts.

One of the first things you should do when getting your home ready for sale is to depersonalize it.

Brazil Property Investment: More Than Just the Amazon

Brazil, the largest and most populous country in South America, draws many with its sun, sea and sand. In fact, Brazil’s government is actively encouraging foreign investors to throw their hats into the country’s ring. And with a housing surplus, a flourishing economy and a strong potential for future growth, a property investment in Brazil may prove to be an attractive option…

How economic stimulus addresses mortgage crisis

“If you get good housing news out of California, it’s a stimulus for the country.”

The economic stimulus package introduced Thursday included a provision long sought by California housing leaders that would benefit home buyers and homeowners across the state, but especially in the Bay Area, … via SiliconValley.com

Look before you leap into buying a foreclosed property

“I haven’t had a single investor buyer”

That was one of my father’s favorite admonitions, which I’d hear after bringing home a bagful of bargains that I found at a sale. via San Francisco Chronicle

Wasatch Front home sales plunged as prices rose and credit tightened in 2007

“Our problem right now is not one of high mortgage rates, it’s not a problem of a weak economy. It’s simply a problem of affordability”

Home sales along the Wasatch Front plummeted in 2007 as tighter lending standards and higher home prices dramatically shrank the pool of buyers, a new report out this morning shows. via Salt Lake Tribune

Despite Housing Slide, Real Estate Sites Sell

“In September, we thought it was maybe the beginning of a very long downturn”

TALK about an uh-oh moment. It was late October, and Redfin, an online real estate brokerage firm based in Seattle, had received just three months earlier a $12 million investment led by the marquee venture … via New York Times

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The benefits a real estate agent can bring to the table are in depth knowledge about available homes and condos.

Fed cut and mortgage rates
Lower rates may mean its time for a look at refinancing.

Raising limits: Will it help?
Congressional leaders and the White House have agreed to raise loan limits on mortgages guaranteed by Fannie Mae and Freddie Mac.

Back to refi basics
Holden Lewis fields basic refi questions on live chat.

Fed cut and mortgage rates
Mortgage rates are falling today following the Fed’s unscheduled cut of three-quarters of a percentage point in the federal funds rate.

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In order to figure out the best mortgage rate, you need to first figure out your needs and your potential to take risk.

Citi Proceeds With Mortgage Layoffs
CitiMortgage advised about 100 mortgage servicing employees in Iowa this week that their positions would be eliminated by June, a spokeswoman told MortgageDaily.com. In addition, she said 80 Montana employees were also advised they would be laid off. The job cuts are part of 17,000 positions the New York-based company said it planned to eliminate in an announcement last April.

Residential Ratings Activity Contrasts Commercial
Fitch Ratings cited a deterioration of credit enhancement relative to future expected losses in negative actions taken on residential Alt-A transactions issued between 2004 and 2007. Moody’s Investors Service downgraded classes from BankUnited Trust deals from 2005 backed by negatively amortizing adjustable-rate Alt-A loans based on higher than anticipated rates of delinquency, foreclosure, and REO in the underlying collateral relative to credit enhancement levels. But defeasance of 15 percent and pay down of 15 percent since its last review led Fitch to upgrade two classes for $30.9 million of Credit Suisse First Boston Mortgage Securities Corp.’s commercial mortgage pass-through certificates.

Depression Era Solution to Foreclosures
Senate Banking Committee Chairman Christopher J. Dodd is proposing the Federal Homeownership Preservation Corporation to purchase delinquent mortgages at steep discounts. Lenders and investors would take a "haircut" and the discounts would be passed to borrowers in the form of new, lower-balance, 30-year fixed-rate mortgages backed by the Federal Housing Administration or the government-sponsored enterprises. Dodd’s proposal appears to be modeled after a Depression era program that, according to a recent report, was very successful.

FHA Limits Set
The single-family loan limit on FHA-insured loans has been established at $362,790 for 2008, the U.S. Department of Housing and Urban Development has announced. The limit is unchanged from last year. But the limit might increase based a proposed economic stimulus package announced by the Bush administration this week.

Emergency Action May Boost Loan Limits
An economic stimulus package was announced by President Bush. House Speaker Nancy Pelosi is calling for the conforming limit on government sponsored enterprises purchases to be raised to $729,750 for one year, according to a statement from her office. She is also proposing that FHA loans limits be raised permanently to 729,750.

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Everyone should have the opportunity to enjoy living in their own home, and one way to ensure the most from your new place is to not only focus on the details of the home but to also consider the location and the surrounding area during the buying process.

The credit score is a function of the homeowners past line of credit.

There are many advantages in joining the MLS real estate listing service.

15-Year Falls Below 5%
The average 15-year fixed rate was 4.95%, according to Freddie Mac’s survey of 125 thrifts, commercial banks and mortgage lenders for the week ending Jan. 24. The 15-year was down more than one-quarter percent from the prior week, the data indicated. The 30-year average was down 21 basis points in the latest survey.

Mixed Results for Freddie
December purchases and issuances amounted to $55 billion, according to Freddie Mac’s monthly summary. Purchases rose from the prior month and the prior year. However, fourth quarter volume fell from the third quarter. Meanwhile, delinquency rose for the sixth consecutive month.

National City Production, Earnings Tank
Mortgage originations at National City Corp. totaled $8 billion in the fourth quarter, according to its earnings report. Volume tumbled from the prior quarter and the prior year. Fourth quarter mortgage banking earnings were a loss of $445 million, deteriorating significantly from the loss in the previous quarter and profit during the fourth quarter 2006.

New Wachovia Mortgage President
David Pope was named president of Wachovia Mortgage Corp., according to an announcement. He has been with the Wachovia organization for 20 years, the company said. Previously, Pope was chief operating officer for the mortgage and retail credit group.

The Foreclosure Ledger
Foreclosure deeds in Massachusetts numbered 7,653 last year, The Warren Group reported. The level of activity is 148 percent higher than in 2006. Mortgage default notices filed against California borrowers totaled 81,550 last quarter — jumping 12 percent from the linked quarter and 115 percent annually to the highest level in more than 15 years, DataQuick Information Systems announced.

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It is better to stick to those mortgaging companies that have been in operations for years with a proven track record.

Canadian residential real estate market safe as houses: realtor association

“The statistics again show just how different the housing markets are in Canada and the United States. Canadian realtors know that Canadian mortgage lenders correctly see that home prices will continue rising.”

- Canada’s resale housing market will remain at or near record levels this year, the Canadian Real Estate Association predicted Wednesday.

The realtors group said multiple listing service activity totalled a record 520,747 units in 2007, up 7.6 per cent from 2006 in the steepest increase since 2002, and this year’s MLS transactions are forecast to remain solidly above 500,000.

“The results in 2007 show the strength and the affordability of the Canadian residential market,” stated CREA president Ann Bosley. Read more

Area homes sales fall 31% in Dec.; 7% for year

By DONNELLE ELLER * Register Business Writer * January 22, 2008 December home sales in the Des Moines metro area fell 31 percent from a year ago, a new report released today shows. via Http

Florida becoming less popular

“If this continues, we probably have to move to another state.”

Posted: Wednesday, January 23, 2008 ; Updated: 7:11 AM on Wednesday, January 23, 2008 Real Estate agent Diane Fowler poses in a Cape Coral neighborhood on Jan. via St. Augustine Record

Real Estate

Coastal Georgia Land for Sale River/Marshfront, Lake & Creekfront Homesites. Special Pricing. via Thai News Agency

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As most of us already know, buying an unfinished home provides an excellent way to get into the housing market and get your very own home.

You can analyze other possibilities by keeping in mind how the adjustable rate mortgage acts as fixed rate mortgage.

Surviving 2008 for the middle aged
2008 promises to be a financially tricky year. Here’s what the middle aged need to do.

Get rich quick or lose money quick?
The prospect of getting rich quick has great allure, but the hucksters making the promises are the ones making the easy money.

Estate planning and taxes
Son could be named joint bank account owner, but there might be a better option in a sizeable estate, says CPA George Saenz.

Wanted: Adventurous retirement
Bankrate reviews the CD “The Adventurer’s Guide to Early Retirement,” where the authors report how they ditched the working world at the age of 38.

Two mortgages separate when refinancing
A second mortgage won’t be a factor when determining whether a new first mortgage is a jumbo loan, says Dr. Don Taylor.

Mailbox alert! Tax documents on the way
Before you can complete your return, you’ll need these documents, which should start arriving any day now.

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Every jurisdiction seems to have rules that need to be followed when preparing an offer to purchase form.

Higher interest rates would mean you may have to settle for a bit smaller home than you originally had planned.

Best after-holiday buys
Looking for great deals? Focus on electronics, appliances and cars.

A Frugal shopper’s best tip
Knowing when to buy can save you big bucks.

A Frugal shopper’s best tip
A cash-back credit card might make more sense than a rewards card.

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A mortgage broker is one of several sources that homebuyers can use to obtain a mortgage.

Even with ARMs, there is an initial period in which the interest rate is fixed.

November pending home sales slide
Pending sales of existing homes fell 2.6 percent in November from an October level that was revised sharply upwards and sales should hold steady over the next few months.

Linguists: ‘Subprime’ is word of the year

Even the American Dialect Society knows how risky home mortgages are these days. The group of wordsmiths chose “subprime” as 2007’s Word of the Year at its annual convention Friday.

Fannie CEO: No housing recovery until 2009
The chief executive of Fannie Mae told shareholders Friday that he does not expect a recovery for the ailing U.S. housing market until 2009, and that the mortgage-finance company is strong enough to ride out the storm.

Paulson rules out bailout for mortgage crisis
The Bush administration reacted coolly to a suggestion from former Fed chief Alan Greenspan that the government should consider bolder efforts to deal the mortgage crisis.

Housing crisis killing holiday-shopping spirit

The housing crisis is taking a toll on consumer spending and it is one of the biggest factors behind what is expected to be the weakest holiday season in five years.

Illegal immigrants smuggled into new homes
Immigrant smugglers are renting vacant new homes in the Phoenix suburbs and using them as stash houses for the people they have slipped across the Mexican border.

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As variable interest rate mortgages are available with lower interest rate than fixed rate mortgage, so they are appropriate for short term period where you will get the benefit of lower monthly payments.

A word of caution when you choose to shop online for your home equity loan: be careful of whom you give your personal information to in the process.

Internet marketers and writers are finding these areas, are flocking to them at a very fast pace.

The trouble with Countrywide
Countrywide gets caught “recreating” foreclosure notices in bankruptcy court.

Short refis: Bush backs them
Mortgage rates fell yesterday to a level not seen since July 2005.

Don’t panic about Countrywide
Bank of America announces it will buy Countrywide.

Good news for mortgage rates
Bad news for the overall economy often means good news for mortgage rates, and that’s what we have today.

Arsons and the Toyotathon
Will defaulting homeowners resort to arson to save their financial hides?

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Look for a major mortgage company that has competitive rates, responsive and organized loan consultants and require your consultant to attend the closing.

A Frugal shopper’s best tip
Knowing when to buy can save you big bucks.

Putting baking soda in the wash
It keeps your clothes smelling fresh and treats stains.

Gas-saving devices mostly a scam
Government tests show most gadgets don’t do a thing to help improve mileage.

Sensational gifts on a shoestring budget
Being low on funds doesn’t have to keep you from playing Santa. Get creative with your gifts to save money.

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In order to figure out the best mortgage rate, you need to first figure out your needs and your potential to take risk.

One method that internet users have discovered when searching for an agent is local directories that offer the visitor a way to narrow down the possible choices of agents to contact by location or specialty.

Some lenders make up for the lack of a mortgage down payment in a higher interest rate.

Stimulus Package Must Include Loan Limit Increase to Help Homeowners, Economy Immediately

“We believe that any stimulus package must address housing issues and increasing the conforming loan limits for these two government-sponsored enterprises”

PORTLAND : The National Association of Realtors today urged President George W. Bush and Congress to help homeowners and the national economy by loosening constraints on Fannie Mae and Freddie Mac as an … via Village Soup

Federal Realty Investment Trust Releases Tax Status of 2007 Distributions

ROCKVILLE, Md., Jan. 17 /PRNewswire-FirstCall/ — Federal Realty Investment Trust released today the Federal income tax treatment for 2007 distributions to holders of its Common Shares of Beneficial Interest . via Earth Times

Homeowners decry tax proposals

“But the cap is what allows us to continue to live in the city.”

A study committee’s proposal to decrease Baltimore’s property tax rate but make up for lost revenue by increasing the cap on assessed home value, among other options, evoked negative reactions from dozens of city homeowners at a hearing last night.

The proposal to lift the annual cap on the increase in assessments on principal residences, known as the Homestead Tax Credit, from 4 percent to 10 percent seemed to worry homeowners most, especially those who bought houses before the local real estate market peaked. Read more

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, three different agencies keep a record of each consumers line of credit.

In evaluating foreclosure-listing services, the quality of the listing or “freshness” is important.

Best home equity moves to make in 2008
What to do if you’re using a home equity loan or HELOC in 2008.

Don’t give away car that looks ‘goofy’
Repossession is not an option for getting rid of a car that looks “goofy,” says Bankrate car columnist Terry Jackson.

Fuel-sipping cars still years away
Drivers anxious to trim gas costs have a long wait before technology rides to the rescue, says Bankrate car columnist Terry Jackson.

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When credit scores are higher, lenders are willing to offer lower interest rates.

In some cases when a young couple is in the market for first time loans for a new mortgage the lender will request someone cosign the loan.

Foreclosure War Rages On
Considering that community development corporations are experts in real estate development for low-income communities and that affordable housing shortage is at an all-time high, the corporations should play a lead role in foreclosed property disposition if economic stimulation legislation moves forward, the National Alliance of Community Economic Development Associations suggested in an announcement. To stem foreclosures in Maryland, the governor recently announced a package of initiatives, including the Bridge to HOPE loan program that will provide small gap loans at zero percent interest to troubled borrowers and will be handled by the Maryland Department of Housing and Community Development. To help "hundreds of thousands" of borrowers who face rate resets and at risk of foreclosure, the California Home Ownership Preservation Initiative will contribute $4.6 million to mortgage counseling agencies, the California Reinvestment Coalition announced Monday.

The Net Branch Journal
Allied Home Mortgage Capital Corp. announced it added three branches to its network since December. Another net branch reporting growth is First Houston Mortgage, as it will add 100 positions this year after having hired 135 last year. Primary Residential Mortgage Inc. announced it funded $1.74 billion in loans through about 160 branches in 2007, off 13 percent from the previous year.

Tech Advances Go on Despite Decreased Spending
A 2007 survey on 330 mortgage lenders indicated that information technology spending this year will be much lower than previously anticipated, according to an announcement by the survey’s publisher, MORTECH LLC. "Technology vendors will not escape the decimation of the lending market," MORTECH’s owner said in the written statement. But despite the drop in technology spending projected for the mortgage industry, innovations, alliances and other activity have recently continued.

Global Subprime Losses May Top $450 Billion
A recent report from Advisen LTD pegged international losses from the U.S. subprime mortgage meltdown so far at $173.2 billion as of Jan. 8. The New York-based firm estimated the 112 companies analyzed might have as much as $1.2 trillion in subprime-backed CDOs and other securities. The Japan Research Institute has released a report projecting potential international losses from U.S. mortgage woes could reach $464 billion and not subside to later this year, Dow Jones Newswires reported.

Wells Cuts Mortgage Tech Jobs
Wells Fargo Home and Consumer Finance Group issued 60-day advance layoff notices to roughly 130 Iowa employees, a spokeswoman told MortgageDaily.com. The job cuts include managers, lending experts and technology developers who worked in a unit dedicated solely to a technology project, she said. The layoffs were not related to market conditions.

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Look at the condition of the property, think on the lines like, will it be part of any future expansion - next is to see whether it will satisfy your return requirements.

Bridging loans can serve to fill up temporary shortfall while buying property, business or even paying for renovation.

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Commercial real estate transactions require bridging loans to bridge in cash gaps.

Good mortgage lenders will in fact ask you to provide only the basic details and will fill up the rest of the documentation by themselves.

Knowing how to get free new and existing MLS home listings in your area can be incredibly valuable in helping look at a large number of homes and narrow the market down to the ones most suited to your wants and needs.

Short refis: Bush backs them
Mortgage rates fell yesterday to a level not seen since July 2005.

The trouble with Countrywide
Countrywide gets caught “recreating” foreclosure notices in bankruptcy court.

Don’t panic about Countrywide
Bank of America announces it will buy Countrywide.

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With a little investigation online, you can probably determine if the service is valuable or not.

The Loan Officer is the person at the lending institution or mortgage broker that facilitates the loan process.

A Frugal shopper’s best tip
Knowing when to buy can save you big bucks.

Sensational gifts on a shoestring budget
Being low on funds doesn’t have to keep you from playing Santa. Get creative with your gifts to save money.

Putting baking soda in the wash
It keeps your clothes smelling fresh and treats stains.

Best after-holiday buys
Looking for great deals? Focus on electronics, appliances and cars.

Gas-saving devices mostly a scam
Government tests show most gadgets don’t do a thing to help improve mileage.

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Popularity: unranked [?]

Make no mistake about it, your photographs represent the first impression, known a curb appeal, the buyer will have of your property.

Don’t forget to pay attention to what you are buying - you should get a list of people who not only are interested in home based business opportunities but also are ready to invest their money.

For your real estate or business venture, form a company that will put you on the payroll.

Mortgage rates drop below six percent

Rising worries about a weak economy pushed rates on 30-year mortgages below the 6 percent mark for only the second time in more than two years.

Mortgage insurance defaults set monthly record
Mortgage insurers saw defaults rise to a new monthly record in November, according to data published Monday by an industry trade group.

Builders say bottom won’t fall out for a while
A trade group for home builders said Thursday that the home-price free fall won’t stop until early 2009, as a lethargic economy and troubled mortgage market drop the bottom lower.

Housing slump might usher in recession

Housing troubles stand to exact a sizable toll on the broader economy as jobs, retail spending and credit availability could likely take a hit.

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There are other firms which provide services for buyers or sellers of both kind of real estate.

A real estate agent finds sellers for buyers and buyers for the sellers of real estate.

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The National Association of Realtors found that staged homes sold in 13.

The trouble with Countrywide
Countrywide gets caught “recreating” foreclosure notices in bankruptcy court.

An inevitable housing bust?
This would be a good time to get a fixed-rate mortgage instead of an adjustable-rate loan.

December payrolls fall flat
The economy added a net 18,000 jobs in December, far below expectations. The unemployment rate rose to 5 percent. Mortgage rates fell this morning.

Don’t panic about Countrywide
Bank of America announces it will buy Countrywide.

Arsons and the Toyotathon
Will defaulting homeowners resort to arson to save their financial hides?

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When the mortgage interest rate comes down, your interest rate will come down as well.

Loan terms leave woman with one option
Sometimes, the only way out of a bad loan is to pay it down, says Bankrate car columnist Terry Jackson.

Know debt tolerance before buying car
There is no precise formula for determining how much car you can afford to buy, says Bankrate car columnist Terry Jackson.

Ten Commandments of personal finance
Follow these commandments to get your financial life in order.

10 tips every car shopper should follow
If you’re shopping for a new car, there are 10 basic rules you must follow, says Bankrate car columnist Terry Jackson.

Best college financing moves to make in 2008
Trying to pay for a child in college? Here’s some ways to make it easier.

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Unless you have good negotiating skills you could lose out at this stage and end up selling the house for considerably less than its full value.

Bush official: More housing help needed
More steps by Congress and the Bush administration are likely needed to stabilize the imploding U.S. housing market, a senior White House official said on Tuesday, as more signs of distress appear.

Mortgage rates drop below six percent

Rising worries about a weak economy pushed rates on 30-year mortgages below the 6 percent mark for only the second time in more than two years.

Mortgage applications fall to one-year low
U.S. mortgage applications sank last week to the lowest level since the end of last year despite falling borrowing costs, an industry trade group said on Thursday.

H&R Block loss soars on mortgage meltdown
H&R Block Inc., the nations largest tax preparer, said in a preliminary earnings report Tuesday that it expected a huge second-quarter loss because of the mortgage meltdown.

7 states standardize mortgage broker rules
Seven states on Wednesday launched a standardized and mandatory process to more thoroughly license and track tens of thousands of mortgage brokers.

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You must look at everything from the worst to best case scenario, and have an exit strategy for each; not only will you be prepared for anything that comes your way, but you will have less of a chance of really getting buried and losing money on an investment gone badly.

The buyer is more subjective and compares the amenities of your home to those of the home they live in at present and other homes in the same price range.

Cousins Properties Fourth Quarter Earnings Release and Conference Call Notice

“Q4 2007 Cousins Properties Incorporated Earnings Conference Call”

Cousins Properties Incorporated invites you to attend the Fourth Quarter 2007 Conference Call Tuesday, February 12, 2008, at 10 a.m. . The number to call for this teleconference is 240-2134. A 14-day playback … via PR-inside.com

Home buyers and commuters wait and see

“Now that the market has gone to zero, even the affordable homes aren’t going”

Local Realtors still see a slow market going into 2008 for the High Desert and say it is mostly due to a “wait and see” attitude that permeates the current buyers market. via Victorville Daily Press

Hersha Expands Boutique Hotel Portfolio

Hersha Hospitality Trust , owner of nationally franchised premium full service and limited service hotels, today announced that is has acquired the 45-room boutique Duane Street Hotel in the Tribeca area of New … via Hotel Interactive

Southampton Realtor Pleads Guilty in Kid Porn Case

A former Hamptons real estate agent pleaded guilty Friday to child pornography charges, admitting he downloaded images of children — some younger than 10 — engaging in sex acts. via WINS-AM New York

Hillary walks that thin line

“It’s not easy, and I couldn’t do it if I didn’t passionately believe it was the right thing to do.”

By Wednesday, the headlines that had blared ‘Panic’ and ‘On the Edge’ were as infamous as ‘Dewey Beats Truman.’ The advance stories written to explain Hillary’s defeat had all been sacrificed to the delete … via The Indianapolis Star

Middle Tennessee home prices hold up

“It’s not that prices came up at all. People are just buying a little bit bigger square footage.”

More than a year after the housing downturn hit Middle Tennessee, home prices are holding steady and in some areas rising, leading some observers to predict a turnaround in the local market by the summer. via Fairview Observer

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The best inspectors don’t give advice on negotiating the purchase price based on inspector results or solicit buyers for the work to repair inspection deficiencies.

If you shop around and look at different areas, you might find yourself very surprised at just how many homes are available at cheap prices.

Fed Chair Promises “Substantive Additional Action” on Behalf of Economy

The headlines read “Chairman Bernanke Says Fed
Ready to Cut Interest Rates as Needed.” Well, not
exactly. What Federal Reserve Chairman Ben Bernanke actually said, in
remarks on Thursday was “We stand ready to take substantive additional
action as needed to support growth and to provide adequate insurance
against downside risks.”

Read More Now

Mortgage Rates Not Far From Where They Started 2007

Mortgage interest rates as reported by Freddie Mac
were only slightly changed if changed at all during the week ended
December 27 - the last full survey week of the year.

The Primary Mortgage Market Survey reported an average for the 30-year
fixed rate mortgage (FRM) of 6.17 percent with an average 0.5 point. One
week earlier the 30-year averaged 6.14 percent with 0.4 point.

Read More Now

Countrywide Reeling Again as Bankruptcy Rumors Fly

Countrywide, the nation’s largest mortgage lender, denied that there
was any truth to the rumors that it might seek bankruptcy protection but,
according to Reuters, one credit rating agency said that
Countrywide “is severely challenged and might falter if…”

Read More Now

Mortgage Applications Surge Into New Year

Interest rates were down significantly during the
week ended January 5, but the big news was the surge in mortgage
applications that welcomed in the New Year.

The Mortgage Bankers Association (MBA) announced that mortgage loan
applications increased 32.2 percent on a seasonally
adjusted basis from the pace during the week between Christmas and New
Years. Not too surprising…

Read More Now

Mortgage Regulatory System Now Operational

According to a press release from the Conference of State Bank
Supervisors (CSBS) and the American Association of Residential Mortgage
Regulators (AAMR), the Nationwide Mortgage Licensing
System (NMLS) about which we have href="http://www.mortgagenewsdaily.com/2232007_RMLS.asp">written in
the past finally became operational on the first business day of the New
Year.

Seven states are initial participants in
the program…

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When re-financing is done of the purpose of debt consolidation there is not always an overall increase in savings.

Many of these services are non-profit organizations, and will offer you bad credit help either for free or for a minimal fee.

Putting baking soda in the wash
It keeps your clothes smelling fresh and treats stains.

Best after-holiday buys
Looking for great deals? Focus on electronics, appliances and cars.

Gas-saving devices mostly a scam
Government tests show most gadgets don’t do a thing to help improve mileage.

Sensational gifts on a shoestring budget
Being low on funds doesn’t have to keep you from playing Santa. Get creative with your gifts to save money.

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A home equity line of credit calculator may help you decide how much you can afford.

Don’t ignore the market.

Know what the going rates are; if the lender is asking for more than six percent above prime for a first mortgage loan, look elsewhere.

Looniesurges, Canadians snap up US homes

Emboldened by the surging value of their “loonie,” Canadians are combing the Internet for potential bargains in the U.S. housing market.

Builders say bottom won’t fall out for a while
A trade group for home builders said Thursday that the home-price free fall won’t stop until early 2009, as a lethargic economy and troubled mortgage market drop the bottom lower.

Fed endorses rules to curb shady lending

The Federal Reserve endorsed new rules Tuesday that would give people taking out home mortgages new protections against shady lending practices.

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Avoid hiring an inspector your real estate agent uses; they might be a bit too cozy for your unbiased needs.

Baltimore says Wells Fargo preyed on poor
Wells Fargo Bank N.A. engaged in a pattern of predatory lending practices in Baltimore’s poorest neighborhoods, the city claimed in a suit filed Tuesday.

New-home sales at lowest level in 12 years
The housing market plunged deeper into despair last month, with sales of new homes plummeting to their lowest level in more than 12 years.

Countrywide denies it will file for bankruptcy
Shares of Countrywide Financial Corp., the nations largest mortgage lender, plunged Tuesday after the company denied rumors that it was planning to file for bankruptcy.

Paulson rules out bailout for mortgage crisis
The Bush administration reacted coolly to a suggestion from former Fed chief Alan Greenspan that the government should consider bolder efforts to deal the mortgage crisis.

Illegal immigrants smuggled into new homes
Immigrant smugglers are renting vacant new homes in the Phoenix suburbs and using them as stash houses for the people they have slipped across the Mexican border.

Mortgage rates fall to one-month low

Rates on 30-year mortgages fell last week to the lowest level in a month as investors found new reasons to worry about a possible recession.

Good time to become a real estate mogul?

Nervous about the shaky real estate market? Financial editor Jean Chatzky shares 5 smart ways to use today’s bleak market to your advantage.

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Bad credit mortgage is possible too.

Many features of fixed rate of mortgage and variable rate of mortgage are also present in balloon rate mortgage.

The index is one of the most important considerations in choosing an adjustable rate mortgage.

Gas-saving devices mostly a scam
Government tests show most gadgets don’t do a thing to help improve mileage.

A Frugal shopper’s best tip
Knowing when to buy can save you big bucks.

Sensational gifts on a shoestring budget
Being low on funds doesn’t have to keep you from playing Santa. Get creative with your gifts to save money.

Best after-holiday buys
Looking for great deals? Focus on electronics, appliances and cars.

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There are real estate firms which deal exclusively with one particular suburb, and others that deal with all suburbs.

Best after-holiday buys
Looking for great deals? Focus on electronics, appliances and cars.

Sensational gifts on a shoestring budget
Being low on funds doesn’t have to keep you from playing Santa. Get creative with your gifts to save money.

Putting baking soda in the wash
It keeps your clothes smelling fresh and treats stains.

Gas-saving devices mostly a scam
Government tests show most gadgets don’t do a thing to help improve mileage.

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