Home Owner News Archive
RISMEDIA, January 7, 2011—Alex Perriello, president and CEO, Realogy Franchise Group recently wrote an article that appeared in The New York Times discussing the advantages of equity-sharing and how it can help solve the foreclosure crisis. As we continue to move farther away
RISMEDIA, January 7, 2011—Fannie Mae recently launched WaysHome, a free, interactive multi-media tool designed to educate homeowners about their options to avoid foreclosure, empower them to make informed decisions and motivate them to take action and seek help in 2011.
RISMEDIA, January 6, 2011—The Federal Housing Administration (FHA) released guidance to homeowners and lenders that use the reverse mortgage or Home Equity Conversion Mortgage (HECM) program and are dealing with outstanding property taxes and unpaid hazard insurance premiums. FHA’s guidance is intended to assist elderly borrowers who have neglected to pay these expenses and may face foreclosure.
RISMEDIA, April 22, 2011—Trying to decide whether to do some home remodeling this year or leave your money in the bank? You can do both if you remodel with paint. “The cost of do-it-yourself interior painting is so low, it’s almost like remodeling without touching your bank account,”
RISMEDIA, January 6, 2011—(MCT)—Californians will see the light—and a resulting energy cost savings—earlier than the rest of the United States. The California Energy Commission says Golden State consumers will be the first in the nation to save money under a federal law
RISMEDIA, January 5, 2011—Outbound traffic from the Great Lakes region continued to lead the nation in 2010 with four states capturing high-outbound rankings. Western states that had traditionally experienced high-inbound traffic, most notably Nevada, saw their traffic level off. The findings are among the results of United Van Lines' 34th annual "migration" study, which tracks where its customers move from and the most popular destinations over the past 12 months.
RISMEDIA, January 4, 2011—If you’ve been in the real estate industry for a long time, probably the last place you’d expect to see Brien McMahon is standing amidst a sea of pink flamingos. But McMahon is making a statement here. While his personal career path has indeed changed, more importantly, so has the consumer’s path to homeownership. In his new role as chief franchise officer for Philadelphia-based Radian Guaranty, McMahon is leading the charge to educate the lending and real estate communities about the benefits of private mortgage insurance (MI)—the fact of the matter is, MI is not ‘just another fee’ but rather a financially sound way
RISMEDIA, January 4, 2011—Individual style, mixed with budget-conscious decorating will drive 2011 paint color trends, according to Debbie Zimmer, paint and color expert at the Paint Quality Institute.
“There’s no escaping the state of the economy, even for homeowners who want to beautify their homes,” says Zimmer. “Rather than diving into large-scale renovation projects, in the coming year, consumers will search for inexpensive ways to freshen and update their homes. Many will conclude that painting is the perfect solution.”
RISMEDIA, January 3, 2011—(MCT)—A behind-the-scenes battle is forming over a provision to the sweeping bank reform law that will affect mortgage availability. At issue is a provision in the sweeping Dodd-Frank Act that requires banks to have "skin in the game" by retaining
RISMEDIA, December 30, 2010—(MCT)—One of the hallmarks of the American economy has been the mobility of its people—the speed with which they pulled up stakes to seek better opportunities elsewhere. But the deep recession ambushed long-running population trends, sharply
RISMEDIA, December 30, 2010—(MCT)—Morning begins in the Grisso household with the coffee maker grinding beans at 6:07, churning with the same grating sound as a fork spinning in a sink disposal. The eight occupants of the house stir. Two grandparents float into the kitchen and head to work, taking the whole pot of coffee with them for their hour long commute. Upstairs, a teenage girl hits the snooze button, annoying her uncle in the next room over, who doesn't want to hear the alarm buzz again after another all-nighter playing video games. Dogs run in and out of a crude doggie door in the wall.
RISMEDIA, December 29, 2010—In an effort to help families find decent housing and to prevent future foreclosures, the Obama Administration announced nearly $73 million in housing counseling grants to more than 500 national, regional and local organizations. As a result of the funding, hundreds of thousands of households will have a greater opportunity to find housing or keep the homes they have because of the housing counseling and counseling training grants awarded by U.S. Housing and Urban Development Secretary Shaun Donovan.
RISMEDIA, December 28, 2010—Improvements in consumer spending and consumer confidence, increased demand for goods and services, and falling unemployment claims are all positive factors for a brighter outlook as we move into 2011, according to the December 2010 Economic Outlook released today by Fannie Mae's (OTC Bulletin Board: FNMA) Economics & Mortgage Market Analysis Group.
RISMEDIA, December 28, 2010—(MCT)—A Bank of America freeze on foreclosure sales spread Friday to the Inland Empire in California after the biggest bank in the U.S. announced it was broadening an investigation into its foreclosure practices to all 50 states.
The halt, which took effect yesterday, adds to growing concerns that lenders have been repossessing homes without following proper protocol.
RISMEDIA, December 28, 2010—(MCT)—In response to the recent crimes against real-estate agents in the Youngstown and Kent, Ohio, areas, local real-estate brokers are reviewing safety precautions for their agents. These incidents remind all agents nationwide to review safety procedures when showing vacant homes. ...