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Finance, Economy & Government Issues Archive


HUD Offers $9.1 Million to HIV/AIDS Housing

RISMedia, May 27 2011—The U.S. Department of Housing and Urban Development recently announced that it is offering up to $9.1 million to address the critical housing needs of low-income persons and families living with HIV/AIDS, including homeless individuals and families. HUD’s funding notice is offered through the Housing Opportunities for ...


April Existing-Home Sales Ease

RISMedia, May 23 2011—Existing-home sales slipped in April, although the market has managed six gains in the past nine months, according to the National Association of Realtors®. ...


Foreclosures Fall Slightly in April

RISMedia, May 21, 2011—The inventory of homes in foreclosure awaiting resale fell slightly in April, but they are still 12.7 percent higher than they were a year ago, according to Lender Processing Services April 2011 month-end mortgage performance statistics. ...


Foreign Buyers Recognize Value of Homeownership in U.S.

RISMEDIA, May 20, 2011—The U.S. continues to remain a top destination for foreign buyers as international purchases surged by $16 billion this year, one of the highest increases in recent years. This is according to the National Association of REALTORS®' ...


Regional Spotlight: April Bay State Foreclosures Take another Steep Drop

RISMedia, May 19, 2011—For the month of April, Massachusetts foreclosure activity remained at levels dramatically below those recorded last year. However, foreclosure petitions—which mark the first step in the foreclosure process in Massachusetts—posted the highest number so far this year. ...


Minority Homeownership Award Winners Help Sustain American Dream

While the past few years have been challenging for many, owning a home continues to be a goal for Americans of every background, according to John D. Trasviña, Assistant Secretary for Fair Housing and Equal Opportunity at the U.S. Department of Housing and Urban Development. ...


Fixed-Rate Mortgages Dominant Choice of Refinancing Borrowers

In the first quarter of 2011, fixed-rate loans accounted for more than 95 percent of refinance loans, based on the Freddie Mac (OTC: FMCC) Quarterly Product Transition Report released recently. Refinancing borrowers overwhelmingly chose fixed-rate loans, regardless of whether their ...


Turnaround: 4 Months and Counting?

RISMEDIA, May 16, 2011—Price declines will end and average U.S. home prices will stabilize by Labor Day. Prices in even the hardest-hit markets will level out by the end of 2012. ...


Housing Finance Market Reform Must Ensure Mortgage Affordability

RISMEDIA, May 13, 2011—Reforms to America's housing finance market must ensure a reliable source of affordable mortgage lending for creditworthy consumers. That's according to REALTORS® and other industry insiders who examined the federal government's future role in the secondary mortgage market at the "Fannie Mae & Freddie Mac: Obama Options ...


New Data from NAHB Breaks down Housing Affordability by Race/Ethnicity

RISMEDIA, May 13, 2011—According to new data released by the National Association of Home Builders (NAHB), stark contrasts exist in housing affordability between major races and ethnic groups across the United States. The NAHB’s quarterly index, the NAHB/Wells Fargo Housing Opportunity Index (HOI), which measures housing affordability in metropolitan areas ...


Existing-Home Sales Rise in Most States in First Quarter

RISMEDIA, May 12, 2011— Existing-home sales continued to recover in the first quarter with gains recorded in 49 states and the District of Columbia, while 22 percent of the available metropolitan areas saw prices rise from a year ago, according to the latest survey by the National Association of REALTORS®. ...


Spring Breathes Life into Prices

RISMEDIA, May 12, 2011— A seasonal uptick in both median prices and inventory has appeared in most metropolitan areas across the country, contradicting earlier price reports, according to Altos Research’s 20-city Composite trends data in April. Price increases are apparent in 24 of the 26 tracked markets, and inventory increases ...


HUD and German Ministry of Transport, Building and Urban Development Agree to Cooperate On Sustainability

RISMEDIA, May 12, 2011— While the U.S. Department of Housing and Urban Development (HUD) is working to promote sustainability in this country, the Ministry of Transport, Building and Urban Development (BMVBS) is pursuing a set of similar goals in the Federal Republic of Germany. Today, both agencies signed a Joint ...


April Housing Scorecard Shows Growing Evidence of Economic Progress

RISMEDIA, May 10, 2011—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. Officials caution that ...


75 Percent of Refinancing Homeowners Maintain or Reduce Debt in First Quarter

RISMEDIA, May 10, 2011—Freddie Mac (OTC: FMCC) released the results of its first quarter refinance analysis showing homeowners who refinance continue to strengthen their fiscal house: ...


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