market outlook: Fannie Mae and Freddie Mac Cancel Fee Increase - 10/06/08 12:56 PM
After being seized by the federal government last month, Fannie Mae and Freddie Mac are canceling fee increases that were scheduled to go into effect this month. Both companies had announced plans to increase fees on all loans by 0.25%. These increases were planned as the organizations struggled to stabilize their … (0 comments)
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market outlook: FHA Program Changes - 09/18/08 10:35 AM
With the focus on Fannie Mae and Freddie Mac, many have forgotten that big changes are in store for FHA loans as well. With the passing of HR 3221, the "Housing and Economic Recovery Act" this summer several significant changes were made to the FHA program.
The easiest one to understand … (8 comments)
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market outlook: Fannie Mae and Freddie Mac - 1 Week Later - 09/14/08 01:58 PM
A week has passed since the government took control of Fannie Mae and Freddie Mac, what has changed?
So far, very little. The CEOs of the two companies were let go (with nice severance packages that are being debated) and replaced with new heads meant to being back some security and … (0 comments)
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market outlook: Fannie Mae and Freddie Mac Takeover - 09/08/08 02:11 AM
Federal officials announced today that Fannie Mae and Freddie Mac have been placed into "conservatorship" and will be overseen by the Federal Housing Finance Agency. This takeover means that the government will temporarily run Fannie and Freddie until they are able to recover. Both agencies will be open for business Monday, … (4 comments)
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market outlook: Congress Passes Home Mortgage Aid Legislation - 08/06/08 07:32 PM
After several months of negotiations and veto threats by the White House, HR 3221, the "Housing and Economic Recovery Act of 2008" passed Congress and signed by the President last week. The nearly 700-page final bill combined a number of measures to modernize and reform the Government Sponsored Enterprises (GSEs), Fannie Mae and … (2 comments)
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market outlook: More Raleigh Rankings - 08/06/08 07:02 PM
Raleigh keeps getting positive attention in the news! In addition to the great rankings we noted recently, Raleigh has received several favorable reviews by bizjournals.com.
Raleigh was ranked #1 in "metros offering the best opportunities for young professionals". The study looked at markets that offered the best prospects for people in … (0 comments)
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market outlook: Center for Responsible Lending Report on Indymac - 07/21/08 12:34 PM
The Center for Responsible Lending recently released a report titled "IndyMac: What Went Wrong?" analyzing some of the mistakes they, and many others lenders, made in the last few years. This is quite good timing considering the recent closure of IndyMac's mortgage unit and it falling under FDIC protection. In the report, … (2 comments)
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market outlook: Cary, NC - Again One of the Best Places to Live - 07/14/08 12:26 PM
Money Magazine's annual list of the "100 best small cities to live" has been published for 2008. Again, Cary earned a top place coming in at #16. Cary typically ranks high in the list, so this was not much of a surprise. Statistics where Cary showed strength (compared to the list … (2 comments)
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market outlook: Cary, NC - One of the Fastest Growing Cities - 07/11/08 06:24 PM
In the new Census Bureau report for the year ended July 1st 2007, Cary made the list of the top 10 fastest growing cities. Cary actually made #5 on the list with a population growth of 7.3%. This puts the estimated population of Cary at 121,796.
While smaller cities top the fastest … (0 comments)
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market outlook: Raleigh Rankings - 07/11/08 06:18 PM
In recent reports in Forbes, Raleigh ranked high in two measures. First off Raleigh ranked #1 in the "top sellers market" for real estate. This was attributed to the strong local economy and continuing stability in real estate values. Although sales volume has slowed and by most Realtor's accounts we are … (0 comments)
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market outlook: Green Home Tour May 3rd and 4th - 04/30/08 10:47 PM
For anyone interested in green home ideas and technologies, this weekend (May 3rd and 4th) is the 3rd Annual Green Home Tour. This year there are 40 green homes throughout Wake, Durham, Orange and Chatham Counties that you can take a free tour of.
Saturday May 3, 2008 - 10 am … (0 comments)
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market outlook: Raleigh, NC #1 for Business and Careers - 04/03/08 01:59 PM
Another great distinction for Raleigh, North Carolina! Forbes Magazine just named Raleigh the #1 place for business and careers.
The ranking was based on a mixture of income/job growth, availability of education, cost of living and doing business and crime rates. Based on these Raleigh was named the overall best metro area. … (0 comments)
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market outlook: Raleigh-Durham Market Outlook - 03/20/08 04:22 PM
Veros Real Estate Solutions, a risk management and collateral valuation services provider, recently announced their outlook for real estate markets in 2008. In their report, they highlight the 10 strongest and weakest metropolitan real estate markets across the nation.
One of the predicted strongest markets was the Raleigh/Cary North Carolina area with … (0 comments)
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