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Real Estate News Archive


Fannie Mae’s Guideline Changes May Affect Corporate Transferees’ Purchasing Power

RISMEDIA, August 11, 2009-If you serve the corporate relocation market you may be aware of yet another challenge this population faces. Because of changes announced in June by Fannie Mae (FNMA), the largest mortgage purchaser in the country, transferring families' purchasing power could be significantly impacted. ...


Is the Foreclosure Panic the Y2K of Our Decade?

RISMEDIA, August 11, 2009-Just 10 years ago we were approaching the new millennium not with wonder and anticipation but with fear and loathing. Seems someone forgot to tell the computers how to change their clocks and right at the stroke of midnight the modern world as we know it would end, ...


Mortgage Bill Could Be Revived

RISMEDIA, August 11, 2009-(The Hill)-Senate Majority Whip Dick Durbin (D-Ill.) said on Monday of last week that if the financial industry is not able to complete 500,000 mortgage modifications by November he would pursue legislation ratcheting up the pressure on the industry. ...


Builders Call on Congress to Extend and Enhance Home Buyer Tax Credit

RISMEDIA, August 11, 2009-To help create jobs and set the stage for a strong recovery, the National Association of Home Builders (NAHB) yesterday called on Congress to extend and enhance the $8,000 first-time home buyer tax credit due to expire on December 1. ...


LPS Real Estate Group Announces Vertical Ad Network to be Branded Real Estate and Living Media Network

RISMEDIA, August 11, 2009-Lender Processing Services, Inc. (NYSE: LPS), a leading provider of integrated technology and services to the mortgage and real estate industries, has announced that its Real Estate Group division is rebranding its vertical ad network to Real Estate and Living Media Network. ...


Technology Credit Union Offers a Helping Hand to Distressed Homeowners

RISMEDIA, August 11, 2009-Technology Credit Union has announced it has modified more than $10 million in mortgage loans for homeowners since accelerating its effort two years ago to provide assistance to members facing financial difficulty. As part of its efforts, Tech CU implemented a variety of payment relief options ...


RE/MAX Welcomes Colombia and Morocco to Its Global Network

RISMEDIA, August 11, 2009-RE/MAX International, Inc., recently welcomed the countries of Colombia and Morocco to its growing global franchise network, which now boasts offices in more than 70 countries. The international growth of RE/MAX is especially welcome in major U.S. population centers, such as the metro Chicago real estate ...


Florida Real Estate Services Group to Meet for First Time at FAR Convention

RISMEDIA, August 11, 2009-FAR President Cynthia Shelton has asked Rei Mesa, President of Prudential Florida Realty, to serve as Chairman of the "Florida Real Estate Services Group" which will meet for the first time at the FAR Convention on August 21. ...


Where Did Bank Bailout Money Go? Watchdogs Aren’t Entirely Sure

RISMEDIA, August 10, 2009-(MCT)-Although hundreds of well-trained eyes are watching over the $700 billion that Congress last year decided to spend bailing out the nation's financial sector, it's still difficult to answer some of the most basic questions about where the money went. ...


Homebuyers Gain Edge with Internet Searches

RISMEDIA, August 10, 2009-(MCT)-In the colorful, centuries-long history of house hunting, when have so many buyers come to the table knowing so much about prices, neighborhoods and school test scores? ...


Few Americans Buying Into Consumer-Led Recovery

RISMEDIA, August 10, 2009-(MCT)-Personal spending rose in June, but incomes fell, exposing the weak underbelly of the economy. ...


What Would You Do for $8,000?

RISMEDIA, August 10, 2009-Even as the National Association of Realtors® recently reported that first-time homebuyers make up a third of the market, there's still a sizable group of homebuyers who have never heard of the government tax credit that could give them up to $8,000 to buy their first home. ...


Remodeling Market Activity Builds Momentum

RISMEDIA, August 10, 2009-Residential remodeling showed modest gains during the second quarter of 2009 with increases in all indicators, according to the latest National Association of Home Builders (NAHB) Remodeling Market Index (RMI). The current market conditions measure grew to 38.1 from 34.5 in the first quarter. Future expectations rose ...


Coldwell Banker Residential Real Estate Acquires Tourtelot Brothers

RISMEDIA, August 10, 2009-Coldwell Banker Residential Real Estate LLC announced that it has acquired the assets of Tourtelot Brothers Inc. based in St. Petersburg, Florida. ...


“Flipping Out” – From Chaos to Clarity

RISMEDIA, August 10, 2009-The third season of Bravo's hit series "Flipping Out" returns Tuesday, August 18 with everyone's favorite obsessive-compulsive house-flipper, Jeff Lewis. The economy has taken its toll on his business, but if anyone can figure out a way to flip things around and go from chaos to clarity, ...


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