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Today’s Marketplace Archive


MBA Raises Concern Over Limit on Mortgage Interest Deduction in Federal Budget

RISMEDIA, March 2, 2009-The Mortgage Bankers Association (MBA) raised concerns about the limitation on itemized deductions in the President's budget and expressed support for the budget increase in the Department of Housing and Urban Development (HUD). ...


In a Tough Market – Franchisor Focuses on What Works for Brokers and Agents

RISMEDIA, March 2, 2009-As a franchise heavily focused on providing a sound business model for its franchisees, Realty World N. California and Nevada says that the company has continuously provided leading technology solutions for agents and brokers. Last year Realty World N. California and Nevada began an initiative to develop ...


Rates Are Low, But What about Mortgage Fees?

RISMEDIA, February 27, 2009-(MCT)-Mortgage rates are low, but getting them is going to cost you. New rules by Freddie Mac and Fannie Mae are upping the fees for borrowers with less than perfect credit, those in the mortgage industry say. ...


Americans: Smart Growth Approach to Transportation Helps Build Communities

RISMEDIA, February 27, 2009-An overwhelming majority of Americans believe restoring existing roads and bridges and expanding transportation options should take precedence over building new roads, according to a survey sponsored by the National Association of Realtors® and Transportation for America. ...


AmeriDream – Home Buyers Need Incentives

RISMEDIA, February 27, 2009- Today's news that January home sales declined is further evidence that Congress must provide proven incentives like downpayment assistance (DPA) in order to stabilize the housing market, according to Ann Ashburn, President of AmeriDream, Inc. The National Association of Realtors announced today that existing home sales ...


Economic Stimulus Bill Raises Reverse Mortgage Loan Limit, More Older Americans Served

RISMEDIA, February 26, 2009-The Economic Stimulus Bill signed recently by President Obama expands the opportunity to benefit from a reverse mortgage to even more American seniors. The new bill will raise the HECM loan limits to 150% ...


Is Green Building the Economy’s Bright Spot?

RISMEDIA, February 26, 2009-New studies and reports point to green building as one of the growing bright spots for the U.S. economy, according to the U.S. Green Building Council ...


Mortgage Applications Decrease in Latest MBA Weekly Survey

RISMEDIA, February 26, 2009-The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending February 20, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 743.5, a decrease of 15.1% on a seasonally adjusted basis from 875.3 one week earlier. This week's ...


Consumer Confidence, Housing Prices Take Tumble This Week

RISMEDIA, February 26, 2009-(MCT)-As hopes dimmed that the nation would find a quick fix for the troubled economy, nationwide, consumer sentiment plunged to an all-time low, the Conference Board reported Tuesday. There also was a new report that home prices tumbled at a record rate nationwide last year. ...


30-Year Mortgage Rates Stay Steady Despite Housing Plan News

RISMEDIA, February 25, 2009-Although President Obama announced a sweeping Homeowner Affordability and Stability Plan, the weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for thirty-year mortgages remained steady last week at 5.25%, up slightly from 5.23% the week prior, according to the Zillow Mortgage Rate Monitor, compiled ...


Appraisers – Reliable Valuations of Mortgaged Properties Are Key to Foreclosure Relief Plan

RISMEDIA, February 25, 2009-The nation's four largest organizations of professional real estate appraisers-the Appraisal Institute, American Society of Appraisers, American Society of Farm Managers and Rural Appraisers, and National Association of Independent Fee Appraisers-delivered the second of two letters to Treasury Secretary Timothy Geithner urging the Administration to protect homeowners ...


Survey Taps Realtors’ Expectations for Spring Housing Market

RISMEDIA, February 25, 2009-A National Survey was sent to Realtors in February by Home Warranty of America, Inc. (HWATM) and received close to 500 completed responses. ...


National Consumer Law Center Warns of Fewer Rights to Homeowners Thanks to Antiquated State Laws

RISMEDIA, February 25, 2009-The nationwide foreclosure surge that has driven millions of Americans from their homes has been fueled by little-discussed and poorly understood "antiquated state laws" that favor banks and other lenders and deny basic protections to homeowners. That's the main conclusion of a new report from the National ...


To the Editor: Readers Respond to Main Street Article

RISMEDIA, February 24, 2009-The article, "What about Main Street" http://rismedia.com/2009-02-18/what-about-main-street/ by George W. Mantor that ran in our e-news last Wednesday, Feb. 18 garnered a wealth of reader feedback. Here are a few responses we received: ...


Survey Gauges Economy’s Impact on Corporate Relocation

RISMEDIA, February 24, 2009-Ellie Sullivan, director of Consulting Solutions for Weichert Relocation Resources Inc. (WRRI), announced the launch of WRRI's annual Mobility and the Current Real Estate Market survey. ...


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