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Home Owner News Archive


Real Estate Q&A: How to Get Out of a Land Deal Gone Bad

(MCT)—QUESTION: I bought a vacant lot a few years ago on the Internet, sight unseen. Turns out, the property is unusable because it’s on the edge of a development and on a deep slope. I found out that it is part ...


Freddie Mac CreditSmart® Online Tutorial Helps Prepare Future Borrowers for Homeownership

Freddie Mac recently announced a free, online CreditSmart(R) tutorial  to provide working families and new or inexperienced borrowers with basic sound information about building savings, personal credit, and making wise financial choices. CreditSmart is a comprehensive, multilingual financial education curriculum that has reached more than three million consumers ...


The Vacation Home Makes a Comeback

As the market continues to shift, one industry trend seems to be making continuous waves: vacation homes. ...


Ask the Experts: What Should Home Sellers Do to Prepare for a Home Inspection?

We see it every day. Sellers who don’t take the time to ensure a smooth home inspection and who pay for it in the long run. A little preparation can ensure sellers have great home inspections. ...


HARP Mortgage Refinancing Program Extended by Two Years

(MCT)—Underwater homeowners with Fannie Mae- and Freddie Mac-backed mortgages will be able to try to refinance their mortgages for another two years. ...


4 Myths of Online Real Estate Lead Generation

Using the internet to capture real estate leads can be an exciting way to earn new business. It can also be a major undertaking for those without the training, understanding or systems to manage online lead generation. ...


Beware the 3 Percent Cap on Fees and Points

The Consumer Financial Protection Bureau (the Bureau) issued a somewhat final Ability to Repay (ATR) Qualified Mortgage (QM) rule in January. The pleasant surprise was the inclusion of a safe harbor for many QM loans. NAR and its industry partners fought for several months to ensure that the less safe ...


Twenty Percent of Bankers Expect Lending Standards to Loosen

Expectations among bank risk professionals for the relaxation of lending standards increased sharply in the first quarter, rising from 12.1 to 19.9 percent, according to the quarterly FICO/PRMIA survey. ...


Lenders in Settlement to Make Payouts to Foreclosed Borrowers

(MCT)—As part of a settlement with federal regulators, 13 lenders this week are starting to pay out $3.6 billion to more than 4 million troubled borrowers whose homes were in foreclosure proceedings in 2009 and 2010. ...


New Homes Provide the Living Space Buyers Want

Results from NAHB’s What Home Buyers Really Want  survey and a combination of Census Bureau/HUD data show that new homes generally do a good job of satisfying the typical buyer’s desire for living space, especially when compared to existing ...


Lower Operating Costs Mean New-Home Buyers Can Afford More House

During New Homes Month in April, the National Association of Home Builders (NAHB) is showing home buyers why they can afford a higher-priced home—if it’s new construction. Using data from the Census Bureau and Department of Housing and Urban Development’s 2011 ...


An Easy Way to Cut 4 Years Off Your Mortgage

(MCT)—We are now officially in the peak spring home buying-season. I was asked the other day for advice on what should be at the top of the list for homeowners after they move into their new home. ...


What’s the Story with FHA?

I hear a lot about the Federal Housing Administration, and much of it is simply wrong. “The FHA is the next subprime.” Untrue. “The FHA caused the housing crisis.” Also untrue. There is a lot of misinformation making the rounds, which ...


NAHB Says: New Home Sales Readjust

New home sales were down 4.6 percent in February from January but up 12.3 percent from a year ago. The drop in February was from an elevated January that was the highest since mid-2008. The inventory of unsold new homes remains very low by historic standards at 4.4 month’s supply. ...


Mortgage Originations at Five-Year High In New England Area

Regional Spotlight—The recovery year for the local housing market is evident in recent statistics - showing 2012 mortgage activity in New England at the highest level in five years, according to new data from The Warren Group's Mortgage MarketShare Module. ...