national real estate news: What Is All The Frenzy On Wall Street? - 07/18/08 08:34 PM
A year ago federal officials looked at Fannie Mae and Freddie Mac and declared that all was well. The two government-sponsored enterprises (GSEs) largely held conventional loans, though they were about to acquire subprime mortgages.
"Although their $40 billion-plus planned commitment to subprime over the next several years is small … (0 comments)
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national real estate news: U.S. Senate Passes Housing Stimulus Bill - 07/18/08 08:08 PM
The U.S. Senate passed a bipartisan mortgage rescue bill on Friday that allows the Federal Housing Administration to refinance troubled mortgages - even those that are under water - as long as banks agree to take a loss.The program would allow the FHA to help as many as 400,000 homeowners. Now … (1 comments)
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national real estate news: Property-flipping rule suspended - 06/20/08 08:31 PM
The White House temporarily suspends a rule that imposes a 90-day waiting period before foreclosed homes can be sold to receive government loans.WASHINGTON (AP) -- The Bush administration is temporarily suspending a 5-year-old rule intended to deter property flippers, as part of an effort to help speed the sale of foreclosed … (0 comments)
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national real estate news: Where McCain, Obama Stand on Housing - 06/06/08 08:10 PM
As the race for the presidency shapes up as a contest between Sen. John McCain, the presumptive Republican nominee, and Sen. Barack Obama, who will claim the Democratic nomination, here are their initial positions on housing and related economic issues.McCain:1. Proposes to spend up to $10 billion to allow some home … (0 comments)
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national real estate news: DOJ sets sights on more MLS boards - more MLS complaints to follow ? - 05/08/08 12:25 PM
As the DOJ case against NAR enters into a critical path this summer, the DOJ is starting to take aim at other players in the MLS game. This is only the beginning and it is very apparent to many, that NAR’s iron fisted rule on the MLS will not come out … (2 comments)
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national real estate news: A Dublin Flat... Media Hysteria, Again... and South Lake Tahoe? - 04/26/08 08:35 PM
Apparently the sky is falling over there too, so says the media. (LAKE TAHOE REAL ESTATE BLOG) Well, what can we say, the media is doing it again. This time it’s us, America, that’s leading the global housing industry astray. (When we all know that all real estate is local, which … (2 comments)
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national real estate news: Consequences for 'Walk-Away' Borrowers - 04/18/08 04:20 PM
The government and the lending industry are taking aim at "walk-away" home owners who stop making payments and months later send the house keys back to their lender. Such borrowers will not be able to get another mortgage through Fannie Mae for five years, unless there are "documented extenuating circumstances." In … (0 comments)
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national real estate news: Yesterday's article "Extraordinary Measures": Should a Writer about our Industry Hear from our Industry? - 03/11/08 01:41 PM
An article came out late yesterday that caught our attention. Big time. We think it is subject for much AR comment and debate. This is one where we think a writer about our industry might appreciate hearing from our industry. The article is on MarketWatch by Chris Pummer entitled: “Shades of Green - … (54 comments)
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national real estate news: Does the media giant smell the blood of a... buyer? (Even though prices are better for them?) - 03/06/08 05:45 PM
Last week was a doozy. For two days it rained a torrent of national real estate news. All of it packaged as “bad”, it was a headline blitzkrieg mixed with fact, assumption, projection, hyperbole and sensationalism. Amid the barrage, there is good information, and a lot of exaggeration that does … (4 comments)
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national real estate news: General real estate news rarely applies to a Second-Home Resort Market. - 02/28/08 01:34 PM
(LAKE TAHOE REAL ESTATE BLOG) I want very much to thank one of the people who attended our real estate seminar at Lake Tahoe Community College last Saturday for inspiring this post. Lets call her “Maggie”, and she had an excellent question about a recent article having to do with … (4 comments)
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national real estate news: Realogy Network (C21, ERA, Coldwell Banker) join Trulia - 03/02/07 09:45 AM
Realogy announced this morning that they will be sending their entire listings inventory to Trulia.com and Google base for national syndication. This is the first time that Realogy, who owns Century 21, ERA and Coldwell Banker to name a few, will be actively allowing sites like Trulia to display and promote … (0 comments)
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