In today's challenging real estate market, more buyers are looking at REO properties. Foreclosures are presenting both realtors and lenders new challenges. To help, Fannie Mae's HomePath® program is designed to move Fannie Mae REO properties. For the homebuyer, HomePath could be just what you or
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07/29/2010
Last night Congress finally passed legislation to restore funding to the 502 single-family rural housing program. Senator Michael Bennet (CO) and Reps. Kanjorski (PA) and Capito (WV) championed this issue that has been working its way through Congress since March. The legislation will increase
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07/28/2010
Sales of previously occupied homes surprised economists by beating economic and market estimates. According to the National Association of Realtors, June Existing Home Sales beat estimates by 190,000 units. The annualized rate came in at 5.37 million units vs. consensus estimates of only 5.18
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07/28/2010
Only 17 out of the 91 European Union's banks failed their stress test. The ultimate goal of the stress test was to give the global markets more confidence in the EU. The results were released last week and so were the criteria. No one expected the criteria to be so tough.These tests ran a bank
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07/28/2010
Borrowers who walk away from mortgages they can afford to pay - making "strategic defaults" - are running increasing risks that they'll be penalized for doing so. Starting in October, Fannie Mae says, strategic defaulters will be disqualified for new Fannie Mae-backed loans for seven years after
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07/20/2010
U.S. foreclosure rates fell for the third straight month according to RealtyTrac's new report. New foreclosure fillings in June dropped 2.81 percent from the previous month and 6.98 percent from the previous year. While foreclosure rates are falling, they are still at high levels with 16 straigh
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07/20/2010
As signed by the Conference of the House and Senate on June 29, 2010, passed by the House of Representatives on June 30, 2010 and pending Senate action BACKGROUND - This summary describes the key points in H.R. 4173, the Dodd-Frank Wall Street Reform and Consumer Protection Act, agreed to by con
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07/16/2010
Once the tax credit expired (new contracts had to signed by April 30th) everyone expected that listings would go down. But they haven't...they have gone up. With all of the negative media attention on housing it would be easy to consider that it is because the sellers are distressed in some way
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07/13/2010
Home sales rose slightly in June in the Treasure Valley, according to sales data released Monday. The Intermountain Multiple Listing Service said 940 homes were sold in June in Ada and Canyon counties, compared with 933 in May, a less than 1 percent increase. Ada County logged 630 sales last mont
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07/13/2010
The much-talked about $8,000 tax credit for first-time homebuyers recently expired for most people, But if you're military or a certain government employee, this fantastic opportunity has been extended to 2011! You still can qualify for a tax credit of up to $8,000 even if you're not a first-time
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07/08/2010
