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In Falling-Rate Limbo
Could a 4.5 percent mortgage be your personal piece of the bailout pie? More: continued here
Continue reading...In Times Like This, Only the Freshest Comps Will Do
4. April 2009
How fresh are your “comps,” the comparable sales of properties used as benchmarks in home real estate appraisals? Buyers and sellers rarely had to be concerned about such a question — or even understand it — when values were on the upswing. More: continued here
Continue reading...Winners and Losers As Loan Fees Change
4. April 2009
The two biggest sources of mortgages for American home buyers plan to raise their base fees to counter what they call continuing “adverse conditions” in the real estate market. More: continued here
Continue reading...Saving Homes With a New Bankruptcy Rule
4. April 2009
Backers call it the crucial missing tool needed to get us out of the national foreclosure morass. More: continued here
Continue reading...Help for Homeowners Hangs in the Balance
4. April 2009
Congress left town for the July 4 recess with a half-baked cake in its legislative oven — one that has huge potential significance for the housing and mortgage markets. The relief package left unfinished is designed to help hundreds of thousands of homeowners heading for foreclosure, pull buyers back into the real estate market, and [...]
Continue reading...What Does It Take to Get Buyers Off the Fence?
4. April 2009
If you would love to purchase a new house but you’re sitting on the fence, what exactly would it take to get you to buy? More: continued here
Continue reading...Looser Credit on the Way In ‘Declining’ Markets?
4. April 2009
Could the mortgage industry scrap its controversial practice of listing hundreds of local real estate markets as “declining” — and restricting lending there through higher down payments or credit scores? More: continued here
Continue reading...How the Rescue Affects Homeowners
4. April 2009
Whether you see it as an exorbitantly costly taxpayer bailout of Wall Street and the banks or you’re cheering from the sidelines, you can agree: The new federal moves to rescue the mortgage system could have huge effects on consumers in the months ahead. More: continued here
Continue reading...Surrounded by Ruins, Mortgage Market Remains Intact
4. April 2009
Everybody knows how severe and painful the global financial breakdown has been, with banks unwilling to lend even to other banks. But what about mortgages and real estate? Can you still get a home loan with less than 20 percent or 30 percent down? Or with a credit score below 720? More: continued here [...]
Continue reading...Tax Relief, Sans Itemizing
4. April 2009
The giant federal housing and foreclosure relief legislation heading for enactment contains a little-noticed — but potentially far-reaching — change in real estate tax policy. More: continued here
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4. April 2009
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