Consumer News and Advice Archive


First-Time Buyers Race to Beat the Clock, Qualify for $8,000 Federal Tax Credit

Monday, September 14th, 2009
RISMEDIA, September 15, 2009—First-time home buyers have just 12 weeks to find and close on a home to qualify for the $8,000 Federal tax credit before the November 30th deadline.


Lose Your Job, Keep Your Home – Ask for Help Before it’s Too Late

Thursday, September 10th, 2009
RISMEDIA, Sept 11, 2009—(MCT)-Few words sting like the ones that inform you that you're being laid off — especially today, with jobs so hard to come by. If you're a homeowner, the blow of a job loss can be even worse. In households with more than one wage earner, halving the monthly income can severely stretch a budget. And in households where there's one breadwinner, having zero income can be devastating. A rainy day fund helps, but it's important to craft a plan early about how you're going to get through the rough patch. More people are facing this nightmare today: While the volume of subprime mortgages headed to foreclosure is falling, the volume of prime, fixed-rate mortgages defaulting is on the rise, according to statistics


Positive Signs: Home Prices Rise 1.7% in Second Quarter

Thursday, September 10th, 2009
RISMEDIA, September 11, 2009—Freddie Mac announced that its Conventional Mortgage Home Price Index (CMHPI) Purchase-Only Series registered a 1.7% quarterly gain (7.0% annualized) during the second quarter 2009 for the U.S., following a downward revised 1.5% drop (–5.9% annualized) in the first quarter. Over the year ending with the second ...


Federal ‘Cash for Appliances’ Program Should Spur Sales

Wednesday, September 9th, 2009
RISMEDIA, September 10, 2009—(MCT)—Did you recently trade in that old clunker for a new car? OK, so how are you fixed for a new refrigerator? Or maybe a new dishwasher or heat pump? ...


U.S. Consumer Sentiment Flat at Summer’s End, According to RBC Index

Wednesday, September 9th, 2009
RISMEDIA, September 10, 2009—Although consumers' hopes for their local economies and personal finances improved in the past month, the most recent results of the RBC CASH (Consumer Attitudes and Spending by Household) Index rose by only 2.5 points to stand at 40.0 - up from a 37.5 reading in August. ...


Is the New Credit Score Model Helping Home Buyers?

Tuesday, September 8th, 2009
RISMEDIA, September 9, 2009—Credit Expert Eddie Johansson believes the improved FICO 08 credit scoring model will increase the credit scores of a significant segment of borrowers, but it's not helping home buyers. According to Johansson, president of Credit Security Group, a leading nationwide credit analysis and rescoring firm, that's because ...


Regional Spotlight: Deadline Nears for First-Time Homebuyer Tax Credit and State’s Down Payment Advance Loan Program

Monday, September 7th, 2009
RISMEDIA, September 8, 2009—The end is nearing for the first-time homebuyer tax credit. In order to qualify, homebuyers must close on or before midnight on November 30th of this year to qualify for the tax credit. The National Association of Realtors(R) estimates close to two million first-time buyers will have ...


Today’s Manufactured Homes Naturally “Green” – Provide Less Waste, More Value

Wednesday, September 2nd, 2009
RISMEDIA, September 3, 2009—There is a “green” building revolution taking place, and manufactured housing is squarely in the forefront of this trend.


Prudential Florida and Florida Home Finance Announce ‘Buyer Advantage’ Open House Tour

Wednesday, September 2nd, 2009
RISMEDIA, September 3, 2009—Prudential Florida Real Estate Services which includes Florida Home Finance Group, an affiliate of Wells Fargo Home Mortgage


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