RISMEDIA, October 15, 2010—(MCT)—In a new foreclosure crisis that has gone national, attorneys general in all 50 states plus the District of Columbia have launched a sweeping probe of the country's lenders, even as new figures showed banks repossessed a record number of homes

RISMEDIA, October 14, 2010—Thousands of first-time and move-up buyers who hoped to make a foreclosed property their new home now face uncertainty, anxiety and possibly remorse as they worry that closing on their desired property could be in jeopardy. For many, the dream of homeownership could turn into agony if their home purchase is indefinitely delayed by a moratorium on foreclosures declared by some banks, the National Association of Realtors said. The moratoriums are needed, banks say, to review all of the foreclosures in their portfolios to make sure they're in compliance with the law and that titles are clear.

RISMEDIA, October 13, 2010—The Consumers Union and the Consumer Federation of America—two of the most recognized and influential consumer protection organizations in the nation—joined the Coalition to Stop Wall Street Home Resale Fees. Adding their voices to the diverse coalition of groups opposed to predatory private transfer fees is a major milestone in the growing momentum to stop these fees.

RISMEDIA, October 11, 2010—RealtyTrac® (www.realtytrac.com), a leading online marketplace for foreclosure properties, has announced the release of an exclusive, recently sold feature that allows users to see detailed information for all properties that sold in the last three, six and nine

RISMEDIA, October 8, 2010—Mortgage rates fell to record lows again this week, with the average conforming 30-year fixed mortgage rate now 4.45 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.32 discount and

RISMEDIA, October 7, 2010—Average mortgage rates dropped to their lowest levels on record this week, according to the LendingTree Weekly Mortgage Rate Pulse, a snapshot of the lowest and average mortgage rates available within the LendingTree network of lenders. On October 5, average home loan rates offered by LendingTree network lenders dropped week-over-week to 4.35 percent (4.56% APR) for 30-year fixed mortgages, 3.81 percent (4.13% APR) for 15-year fixed mortgages and 3.32 percent (3.55% APR) for 5/1 ARMs.

RISMEDIA, October 6, 2010—planetRE, a technology provider for online real estate, has announced planetRE CM™; one of the industry’s first interactive unified client communication management platforms. The new SaaS platform consists of planetRE RealFace™- an agent-branded

RISMEDIA, October 5, 2010—As the country's economic crisis continues to negatively impact people's lives, many are still leery of the mortgage and real estate industries and those who work in them. One California resident and real estate agent, William Soto, is working to restore the

RISMEDIA, October 5, 2010—As the country's economic crisis continues to negatively impact people's lives, many are still leery of the mortgage and real estate industries and those who work in them. One California resident and real estate agent, William Soto, is working to restore the

RISMEDIA, October 1, 2010—(MCT)—The moving truck pulled away from the curb, loaded with Wallace Farmer's possessions. He locked the front door for the last time and left town—clutched by a long-simmering anger that finally gave way to relief. Farmer didn't sell his Baltimore house, worth far less than the $180,000 he paid in 2006. And he didn't lose it to foreclosure. He walked away from the rowhouse and the mortgage. It's the bank's problem now.

RISMEDIA, October 1, 2010—(MCT)—Wendy and Robby Haun had to sell their home near Cary, N.C., to make way for a state highway project, but the comfortable ranch house did not go to waste. It went to Builders of Hope, a pioneering Raleigh, N.C., nonprofit that has found new life and new families for more than 60 discarded dwellings in the past four years. Since 1999, the Hauns had lived in the house next door to Wendy's childhood home. The N.C. Turnpike Authority bought both houses for the 18-mile Triangle Expressway which is now under construction.

RISMEDIA, September 30, 2010—As part of the Obama Administration’s continuing effort to provide quality housing counseling to the nation’s homeowners, buyers and renters; the U.S. Department of Housing and Urban Development announced the availability of more than $5.1 million

RISMEDIA, September 28, 2010—Nearly one-third of Americans are unlikely to qualify for a mortgage because their credit scores are too low, making homeownership out of reach for many. This is according to an analysis of more than 25,000 loan quotes and purchase requests on Zillow Mortgage Marketplace during the first half of September. Borrowers with credit scores under 620 who requested purchase loan quotes for 30-year fixed, conventional loans were unlikely to receive even one loan quote on Zillow Mortgage Marketplace,

RISMEDIA, September 28, 2010—The Federal Housing Administration (FHA) announced a new modified version of its Home Equity Conversion Mortgage (HECM) product. The HECM loan is a reverse mortgage insured by the federal government. It allows older

RISMEDIA, September 25, 2010—Existing-home sales rose in August 2010 following a big correction in July, according to the National Association of Realtors. Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, increased 7.6% to a seasonally adjusted annual rate of 4.13 million in August from an upwardly revised 3.84 million in July, but remain 19.0% below the 5.10 million-unit pace in August 2009.