Saturday, March 3, 2012

NYTimes: Home Prices Declined to New Lows in 2011

From The New York Times:

OFF THE CHARTS: Home Prices Declined to New Lows in 2011

The Standard & Poor's/Case-Shiller index, which seemed to show a recovery in home prices in 2009, descended to a new depths in 2011.

http://nyti.ms/zqKcXn

Wednesday, February 29, 2012

NYTimes: Credit Sesame Offers New Mortgage-Comparison Tool

From The New York Times:

BUCKS BLOG: Credit Sesame Offers New Mortgage-Comparison Tool

Does an adjustable rate make sense? What about a 15-year loan? Is refinancing worth the upfront costs? A new tool aims to help.

http://nyti.ms/y75PF8

NYTimes: House Votes to Restrict Use of Eminent Domain

From The New York Times:

NATIONAL BRIEFING | WASHINGTON: House Votes to Restrict Use of Eminent Domain

The House sought Tuesday to undercut a 2005 Supreme Court ruling that gives state and local governments eminent domain authority to seize private property for economic development projects.

http://nyti.ms/Aujj3q

Tuesday, February 28, 2012

Article: Foreclosure in credit history means waiting years for a new loan | Daily Record | dailyrecord.com


Foreclosure in credit history means waiting years for a new loan | Daily Record | dailyrecord.com
http://www.dailyrecord.com/article/20120227/NJBIZ/302270034/1005/rss


NYTimes: Pressure Grows on Fannie and Freddie to Reduce Principal on Some Loans

From The New York Times:

Pressure Grows on Fannie and Freddie to Reduce Principal on Some Loans

Proponents of debt forgiveness note that roughly one out of five Americans owes more on a home than it is worth, and that negative equity totals almost $700 billion.

http://nyti.ms/yyNMoe

NYTimes: Buyers Face Higher Fees at F.H.A.

From The New York Times:

Buyers Face Higher Fees at F.H.A.

The Federal Housing Administration will increase two fees charged to borrowers as it tries to bolster its finances and attract private lenders back to the mortgage market.

http://nyti.ms/xTR18F

Monday, February 27, 2012

The Washington Post: Business is humming for Fannie Mae

Business is humming for Fannie Mae

http://wapo.st/zK7E8z


Article: Lawsuit Accuses Company Of Foreclosure Rescue Scam - Local News Story - KESQ Palm Springs


Lawsuit Accuses Company Of Foreclosure Rescue Scam - Local News Story - KESQ Palm Springs
http://www.kesq.com/news/30546199/detail.html


NYTimes: HSBC Profit Rises on Demand from Emerging Markets

From The New York Times:

DEALBOOK: HSBC Profit Rises on Demand from Emerging Markets

HSBC Holdings, one of Europe's biggest banks, said that its profit rose 27 percent last year, to $16.8 billion, in part because of greater demand for loans in the developing world.

http://nyti.ms/ACB93C

Sunday, February 26, 2012

The Washington Post: Bank of America and mortgages

Bank of America and mortgages

http://wapo.st/wmCFSB


The Washington Post: Buffett admits being ‘dead wrong' on timing of housing recovery but remains optimistic overall

Buffett admits being 'dead wrong' on timing of housing recovery but remains optimistic overall
http://wapo.st/wVJkqj


NYTimes: Points Lose Favor

From The New York Times:

MORTGAGES: Points Lose Favor

A trend away from points, which buy down the interest rate in exchange for an upfront fee, reflects borrower sentiment that rates are already low enough, industry experts say.

http://nyti.ms/zeNynl