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Finance, Economy & Government Issues Archive


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 ...


Housing Tax Incentives Critical to Maintain Thriving Middle Class

To meet the nation’s growing need for affordable rental housing and homeownership opportunities, the National Association of Home Builders (NAHB) recently called on Congress to maintain its support for vital housing tax incentives, including the Low Income Housing Tax Credit, the mortgage ...


Miami Ranked 2nd among Foreign Consumers Searching U.S. Properties

Attention from foreign consumers searching U.S. properties increased for Miami in March, according to the 26,000-member MIAMI Association of REALTORS® (MIAMI). ...


Investors and the Home-Rental Market

In traditional housing recoveries, individuals and households provide the bulk of the demand the market needs to rebound. This time, though, a different kind of buyer has been powering the housing recovery: investors looking for valuable rental property. ...


CoreLogic Acquires Case-Shiller

CoreLogic®, a leading residential property information, analytics and services provider, announced the acquisition of Case-Shiller® from Fiserv, Inc. in conjunction with first quarter 2013 CoreLogic earnings results on April 24, 2013. The acquisition closed on March 20, 2013. ...


Luxury Portfolio International® Expands Globally with 15 New Members in Q1

Luxury Portfolio International® has expanded its global footprint with the addition of 15 new member firms in the first quarter of the year, with extended coverage throughout Europe, as well as the U.S. and Canada, the company has announced. The network has also welcomed two new communities to its Luxury ...


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