Welcome!




Expand Your Education with These Courses from
A Consumer Advocate Approach to Real Estate: Course 1.
At Home with Diversity.
Effective Presentation Skills for Sales Professionals: Skills for Sales Success: Part Five.
Expand your education through NAR’s REALTOR® University: A Consumer Advocate Approach to Mortgages: Course 2.
Bundle 1: CIPS Core Courses (Non-US Version).

Finance, Economy & Government Issues Archive


Retirement Experts Share Year-End Tax Tips for Senior Citizens

RISMEDIA, Dec. 31, 2008-As the end of a challenging financial year comes to a close, many senior citizens are searching for new ways to save money during their retirement. Retirement expert Eric Bachman and Certified Public Accountant Jeanne Duhe share six year-end tax tips that are simple yet intelligent ways ...


Historic Low Mortgage Rates Continue; Many States’ 30-year Fixed Mortgage Rates Fall Below 5.00 Percent

RISMEDIA, Dec. 29, 2008-Mortgage rates remained low last week and many states saw sub-5.00 percent rates for the first time in recent history. The weekly average rates for 30-year fixed mortgages declined to 4.96 percent, down from 5.15 percent the week prior, according to the Zillow Mortgage Rate Monitor, compiled ...


Historic Low Mortgage Rates Continue

RISMEDIA, Dec. 24, 2008-Mortgage rates remained low last week and many states saw sub-5.00% rates for the first time in recent history. The weekly average rates for 30-year fixed mortgages declined to 4.96%, down from 5.15% the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real ...


HOPE NOW Projects Big Increases in Foreclosure Prevention Successes in 2009

RISMEDIA, Dec. 23, 2008-HOPE NOW, the private sector alliance of mortgage servicers, counselors, and investors that has been working aggressively to prevent foreclosures and keep homeowners in their homes, has announced that it expects to double the number of foreclosures prevented in 2009 by enhancing and expanding its very successful ...


NAMB to File Lawsuit over RESPA Rule

RISMEDIA, Dec. 23, 2008-The National Association of Mortgage Brokers (NAMB) filed a lawsuit against the U.S. Department of Housing and Urban Development (HUD) after it recently issued the Real Estate Settlement Procedures Act (RESPA) Final Rule on November 17, 2008. ...


Will Modifying Mortgages Just Prolong the Pain?

By Alan J. Heavens ...


5 Ways to Take Control of Your Finances in 2009

RISMEDIA, Dec. 19, 2008-With the economy taking us on the ride of the century and 2009 right around the corner, taking control of your personal finances should be at the top of your list of New Year's resolutions. Whether you are planning on changing jobs, paying off a loan, buying ...


Mortgage Applications Increase, Driven by Refinances

RISMEDIA, Dec. 18, 2008-The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending December 12, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 841.4, an increase of 2.9% on a seasonally adjusted basis from 817.7 one week earlier, which was ...


Refi Requests Up 230% as Mortgage Rates Continue Downward Spiral

RISMEDIA, Dec. 17, 2008-The continued and dramatic fall of mortgage rates this week led to a flood of refinance requests on Zillow Mortgage Marketplace, accounting for more than half of all requests. Refi requests are up 230% in the first half of December, compared with the first half of November. ...


FNF Announces an Amended Stock Purchase Agreement with LandAmerica

RISMEDIA, Dec. 16, 2008-Fidelity National Financial, Inc. (FNF) announced the signing of an amended stock purchase agreement with LandAmerica Financial Group, Inc. ("LFG") pursuant to which FNF will acquire LFG's two principal title insurance underwriters, Commonwealth Land Title Insurance Company ("Commonwealth") and Lawyers Title Insurance Corporation ("Lawyers"), as well as ...


Let Bankruptcy Judges Alter Mortgages, Lawmakers Urge

By Barbara Barrett ...


Foreclosure Activity Decreases 7% in November, Still up 28% from 2007

RISMEDIA, Dec. 11, 2008-RealtyTrac®, an online marketplace for foreclosure properties, released its November 2008 U.S. Foreclosure Market ReportTM, which shows foreclosure filings - default notices, auction sale notices and bank repossessions - were reported on 259,085 U.S. properties during the month, a 7 percent decrease from the previous month but ...


GMAC Announces Plans to Become a Bank Holding Company

RISMEDIA, Dec. 11, 2008-GMAC Financial Services (GMAC) announced that it has extended the early delivery time with respect to its separate private exchange offers and cash tender offers to purchase and/or exchange certain of its and its subsidiaries' (the "GMAC offers") and Residential Capital, LLC's (the "ResCap offers") outstanding notes ...


Fannie Mae Provides New Servicer Flexibility to Help Borrowers Avoid Foreclosure

RISMEDIA, Dec. 10, 2008-Fannie Mae announced a series of actions designed to help borrowers and loan servicers address potential mortgage problems and prevent unnecessary home foreclosures among the more than 18 million single-family loans owned or guaranteed by Fannie Mae. ...


New Low Mortgage Rates Out of Reach

RISMEDIA, Dec. 9, 2008(MCT)-Many of the would-be borrowers who have bombarded mortgage lenders with phone calls since interest rates dropped last week are finding they don't qualify for loans. ...