Buying a Short Sale - 12/21/10 03:14 PM
This is good information for buyers looking for a home in this confusing market - especially first time homebuyers!  "For Sale" doesn't necessarily mean "Ready to Purchase"
Via Jeff Dowler ~ Carlsbad Real Estate ~ 760-840-1360 (RE/MAX Moonlight Beach (CA DRE Lic. # 01490977)):
As a buyer watching the real estate market, you are undoubtedly aware that there are more "short sale" properties on the market, at least in many areas. A short sale is a home where the market value of the property is LESS than the loan amount owed to one or more lenders. And buyers often believe that these are … (1 comments)

Freddie Mac Announces New Price Hits for Certain Loans! - 12/02/10 12:09 PM
Freddie Mac seems determined to extend the housing crisis as long as possible!  Everything I have seen from Fannie/Freddie in the past few months has been related to increased restrictions on short sales and new loans.
Via Larry Bettag - Cherry Creek Mortgage:
Freddie Mac announced changes to its delivery fees for loans pooled starting Mar 1, 2011. No word yet from Fannie, but the GSEs have a long history of following each other in these matters.  One of the biggest change is that for all LTV's greater than 70%, The price hit goes from .25% or 25 basis points in cost to 50.  … (0 comments)