Real estate blog entries tagged with news by Will Addo (Wells Fargo Home Mortgage)

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news: What You Have is Always Enough? - 11/26/07 01:55 PM

Well, how was your weekend with your family? Did anyone say or doanything to offend you? Were you glad to see everyone? Did all of yourwords bring soothing relief or did your words bite at someone's realor imagined hurt?Well?Dealing with the holidays and family sometimes brings a mixture ofblessings, fun, anxiety, … (4 comments)

news: Fed Mulling Subprime Escrow Mandate - 11/08/07 10:47 PM

The Federal Reserve Board is close to proposing that all subprimemortgages should have escrow accounts, according to a Fed governor whois working on updating the Home Ownership and Equity Protection Actregulations. Hopefully this will slow down the current foreclosure rate. Will … (1 comments)

news: Judge Orders Injunction of HUD Rule - 11/02/07 07:19 PM

United States Federal District Court Judge Paul L. Friedman today ruled in the case of AmeriDream v. Jackson that the Department of Housing and Urban Development cannot implement its regulation on downpayment assistance, which had been scheduled to go into effect today. AmeriDream, Incorporated, a 501(c)(3) charitable entity dedicated to helping … (1 comments)

news: RESPA -Up front commision disclosure. A must read...... - 11/02/07 06:39 PM

The Department of Housing and Urban Development would require upfrontdisclosure of mortgage brokers' compensation in a proposed revision ofthe good-faith estimate the department is expected to send to theOffice of Management and Budget any day now."Lender payments to mortgage brokers tied to the interest rate of theloan (yield-spread premiums) would be … (3 comments)

news: Very Important information - 11/01/07 01:47 PM

The HOUSE OF REPRESENTATIVES ENGROSSES H.R. 3648 SO THAT DEBTFORGIVENESS IN A FORECLOSURE OR 'SHORT SALE' WILL NOT BE CONSIDERED INCOME FORINCOME TAX PURPOSESNormally when a creditor forgives a debt or part of a debt througheither foreclosure or a "short sale" the debtor-borrower will receivean IRS form 1099 showing that amount … (1 comments)

news: Existing Home Sales Plunge by 8 Percent - 10/24/07 12:24 PM

Don't forget to check the "Links" button for very useful files.Existing Home Sales Plunge by 8 PercentSales of Existing Homes Fall by Largest Amount on Record in SeptemberWASHINGTON (AP) -- Sales of existing homes plunged by a record amountin September as turmoil in mortgage markets added more problems to ahousing industry … (0 comments)

news: A Sinking Feeling - 10/18/07 12:56 AM

Homeowners are getting slammed as builders slash prices. The bigquestion: Will this shock treatment help hasten the end of the painfuldownturn?Las Vegas was once the hottest of the red-hot real estate markets. Butwhen sales really started choking up last year, developer KB Home(KBH) did something drastic. Determined not to be caught … (1 comments)

news: Foreclosurers nearly double! - 10/18/07 12:45 AM

Foreclosure filings across the U.S. nearly doubled lastmonth compared with September 2006, as financially strappedhomeowners already behind on mortgage payments defaulted ontheir loans or came closer to losing their homes to foreclosure,a real estate information company said Thursday.A total of 223,538 foreclosure filings were reported inSeptember, up from 112,210 in the … (0 comments)

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