ARCHIVED BLOG POSTS
2009
Mortgage Rates Rise: Will The Fed Revise Their Plan? This past week has seen a rapid spike in interest rates moving the average 30 year fixed rate from a national average of near 4.8% to now significantly above 5% with rates still on the move. When and if rates will move back down below 5% is now...
05/28/2009
Government Adds Cash Incentive To Home Owners Who Can't Save Homes The Treasury Department recently announced a new plan that includes a cash incentive to assist homeowners to move on and to get loan servicers to forgive mortgage debt for mortgages that can not be modified, for which foreclosure ...
05/18/2009
FHA Borrowers May Soon Be Able To Use $8,000 Tax Credit at Closing The details are still a bit unclear as to how the program will be implemented. However, HUD Secretary Shaun Donovan announced this past week that first-time buyers using FHA loans would soon be allowed to "monetize" the $8,000 fed...
05/14/2009
Housing Nearing A Bottom? - Chairman Bernake Thinks So Last week, in regard to the real estate market, Federal Reserve Chairman Ben Bernanke said housing "has shown some signs of bottoming" after three years of decline. "Although some of the boost to sales in the market for existing homes is lik...
05/05/2009
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Government Expansion of Foreclosure Prevention: Second Liens and Hope for Homeowners Modified The President said this past week that government is expanding its foreclosure prevention program to cover second mortgages and to direct more troubled borrowers to the Hope for Homeowners program. Much ...
05/01/2009
Rainmaker
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