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Home Owner News Archive


Economic and Housing Outlooks Brighten According to Fannie Mae Analysis Group

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 ...


Bank of America Halts Foreclosure Sales during Investigation of Its Practices

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 ...


Real Estate Agents Reviewing Safety Precautions in Wake of Ohio Crimes

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. ...


Regional Spotlight: Mortgage Defaults at Lowest Levels in 5 Years

RISMEDIA, December 28, 2010—Default risk on home loans in Ann Arbor, Mich., fell once again this quarter to its lowest level in more than five years, says a professor at the University of Michigan's Ross School of Business. ...


The 2010 Rockefeller Center Christmas Tree Will Help Build a Habitat for Humanity Home in N.Y.

RISMEDIA, December 28, 2010—The Rockefeller Center Christmas Tree will be donated to Habitat for Humanity for the fourth consecutive year to help build a simple, decent and affordable home, the organization has announced. ...


December Housing Scorecard Shows Continued Home Affordability

RISMEDIA, December 27, 2010—The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury released the December edition of the Obama Administration’s Housing Scorecard. The latest housing figures show continued home affordability in the housing ...


Fannie Mae and Freddie Mac HARP Refinancings Increase in Third Quarter; Performance of Modified Loans Improves

RISMEDIA, December 27, 2010—Refinancings through the Home Affordable Refinance Program (HARP) increased 26% in the third quarter of 2010. Fannie Mae and Freddie Mac loan modifications through the Home Affordable Modification Program (HAMP) increased 16% in the quarter, although the overall volume of loan modifications and the pace of HAMP ...


Existing-Home Sales Resume Uptrend with Stable Prices

RISMEDIA, December 23, 2010—Existing-home sales got back on an upward path in November 2010, resuming a growth trend since bottoming in July, according to the National Association of REALTORS®. Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums ...


Wells Fargo to Modify California Mortgages to the Tune of Two Billion Dollars

RISMEDIA, December 23, 2010—(MCT)—Wells Fargo & Co. has agreed to modify the mortgages of nearly 15,000 California homeowners who teeter on the brink of foreclosure under a $2 billion deal with state officials. San Francisco-based Wells Fargo and the California attorney general's office announced the settlement in connection with "pick-a-pay" ...


Economic Growth Poised to Kick into Higher Gear by Second Quarter of 2011, According to Fannie Mae’s Economics and Mortgage Market Analysis Group

RISMEDIA, December 22, 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 by Fannie Mae's Economics & Mortgage Market Analysis Group. ...


The Truth About Home – Connecting with Today’s Buyers and Sellers

RISMEDIA, December 21, 2010—According to the American Heritage Dictionary, home is defined as “To the very center. To be guided to a target automatically.” In this challenging housing market, consumers still want a home as the centerpiece of a good ...


RE/MAX National Housing Report Nov 2010: Home Prices Defy Predictions, Remain Stable

RISMEDIA, December 21, 2010—In recent months, the real estate market has been impacted by several outside forces that have resulted in some uncertainty. While the tax credit has expired and some lenders are still working their way out of a foreclosure moratorium, the market is struggling to find secure footing. ...


Foreclosures Intrigue Home Buyers Looking for Deals

RISMEDIA, December 20, 2010—(MCT)—Last spring, in the waning days of the first-time home buyer tax credit, Stephen Ploski made an offer on a foreclosed home in Farmington Hills, Mich.  He said the 1,400-square-foot home was livable, but needed serious updates. ...


Foreclosure Activity Decreases 21 Percent in November 2010, According to RealtyTrac

RISMEDIA, December 17, 2010—RealtyTrac, a leading online marketplace for foreclosure properties released its U.S. Foreclosure Market Report for November 2010, which shows foreclosure filings—default notices, scheduled auctions and bank repossessions—were reported on 262,339 U.S. properties in November, a 21% decrease ...


Homeowners Recoup More with Exterior Replacement Projects, REALTORS® Report

RISMEDIA, December 16, 2010—As part of the 2010-11 Remodeling Cost vs. Value Report, REALTORS® recently rated exterior replacement projects among the most cost-effective home improvement projects, demonstrating that curb appeal remains one of the most important aspects of a home ...


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