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Finance, Economy & Government Issues Archive


HUD and VA Team up: Provide Homes to 9,000 Homeless Vets

Approximately 9,000 homeless veterans living on the streets and in the nation’s shelter system will soon find a permanent place to call home. U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan and U.S. Department of Veterans Affairs (VA) Secretary Eric K. Shinseki announced recently that HUD will provide $60 ...


Home Sales Soar, Consumer Confidence Returns—Multiple Offers and Demand for Advice Powers REALTORS’® Value

The more than 100 major real estate brokers who attended RISMedia’s Mid-Year Power Broker Forum earlier this month virtually all reported first quarter gains in transactions and dollar volume from 2012. Consumer confidence combined with near historic low mortgage interest rates ...


Immigration Reform Could Generate $500 Billion in New Real Estate Transactions

If current legislation that creates a path to legalization for 11 million undocumented immigrants is passed, the nation’s Hispanic real estate leaders estimate that it would create a new pool of 3 million homeowners and pump more than $500 billion in ...


Leading Real Estate Companies of the World® Announces 2012 Market Statistics

Chicago-based Leading Real Estate Companies of the World® announced its 2012 sales statistics recently, showing that collectively, network affiliates produced $272 billion in sales in 2012 with over one million transaction sides. This is $65-70 billion more in dollar volume and approximately 20 percent more sides than its closest network ...


HUD and Census Bureau Announce New Construction Activity in April

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau today announced the following new residential construction statistics for April 2013: ...


Freddie Mac Announces Immediate Availability of Streamlined Modification for Delinquent Borrowers

Freddie Mac recently announced it is making its new Streamlined Modification program immediately available to all eligible borrowers nationwide in order to expedite financial relief for potentially thousands of distressed families. Freddie Mac's Streamlined Modification program had originally been scheduled to ...


NAR Member Survey Shows REALTOR® Business and Income Continue to Improve

The business activity and income of REALTORS® are up for the second year in a row following nine years of decline, according to the 2013 National Association of REALTORS® Member Profile. ...


April Housing Scorecard: Progress as Values Rise and Sales Remain Strong

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury recently released the April edition of the Obama Administration's Housing Scorecard – a comprehensive report on the nation’s housing market. The latest data show important progress across many key indicators—as home values continue to ...


Seventy-one Percent Still Say It’s a Good Time to Buy

Home prices are rising at double digit rates. Inventories are at historic lows. Two out of five applicants for a purchase mortgage are rejected. Yet nearly three quarters of Americans say it’s a good time to buy a home. ...


New Mortgage Rules for Balloon, Rural Lenders Would Limit Access to Credit in Rural Areas

Many residents in rural America would have reduced access to mortgage credit despite accommodations included in new Consumer Financial Protection Bureau (CFPB) mortgage rules, according to survey results released recently by the Independent Community Bankers of America® (ICBA). ICBA’s ...


Positive Equity Is Driving Down Defaults

Homeowners with positive equity in their homes have fewer problem loans and are outperforming the national average for defaults. Their default rates are close to pre-crisis norms. ...


Strong Housing Demand Supports Average Home Sale Price Growth

Realogy Holdings Corp., a global leader in residential real estate franchising and provider of real estate brokerage, relocation, and title and settlement services, recently reported financial results for the first quarter ended March 31, 2013, including the following: ...


D.C. Area Real Estate Firm Launches Home Search with ‘Search By School’ Technology

CENTURY 21 Redwood Realty has announced that it has released its third generation Redwood Home Search on c21redwood.com, expanding the reach of its “Search By School” technology throughout the D.C. area. ...


Top 4 Homebuyer Questions Need Answered before They Buy

Buying a house is the biggest investment most people will make in their lifetime, and the complex process can be intimidating to many homebuyers. Knowing the right questions to ask and receiving professional advice will help your clients make a sound ...


New Online Tool Supports Loan Quality, Gives Lenders Greater Purchase Certainty

Freddie Mac recently announced Loan Quality Advisor(SM), a new online loan tool that gives lenders an automated way to identify credit, data and purchase eligibility issues before they deliver loans to Freddie Mac. By helping lenders spot and fix potential problems earlier in the loan manufacturing process, Loan ...


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