Ohio Housing Market Still Ripe For Buyers
The Springfield (Oh.) News-Sun reports that it’s still a buyer’s market locally, a trend that is spreading nationally, local real estate agents said.
Posted by Richard Barber on Apr 27 2007 under Ohio
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Archive for April, 2007
Southern Illinois Housing Markets Remain Strong
It didn’t take Teena Stults long to find the right house for the right price, after meeting with her real estate agent Wednesday afternoon to discuss buying the house, located in Collinsville, Ill.
Posted by Richard Barber on Apr 27 2007 under Illinois
The Least Likely Victims of the Housing Market Slump
Even before the housing market began to decline in earnest, many companies began complaining - not always all that convincingly - that they were suffering collateral damage from the bursting bubble.
Posted by Richard Barber on Apr 26 2007 under Housing Market
Appraisers Work to Reduce Mortgage Broker Pressure, Report Actual Values
As countless borrowers suffer through an increase in mortgage rates and attempt to refinance adjustable-rate home loans, other aspects of the housing market are going largely unnoticed.
For example, appraisals are viewed as an ancillary component of mortgage financing that went mainly unquestioned by lenders when home values rose by double-digit percentages each year.
Posted by Jed Moss on Apr 26 2007 under Appraisals
Press Release: Florida Mortgage Rates, Market Favorable for Buyers
Sales of existing homes in the Sunshine State remained at a sustainable pace in March, with buyers continuing to see favorable Florida mortgage rates and a range of housing options available across the state, according to the Florida Association of Realtors (FAR).
Posted by Jed Moss on Apr 26 2007 under Florida
The Bad Credit Mortgage Bailout: How Does It Work?
They got themselves into this mess and I don’t want my tax dollars used to get them out of it.
That’s the attitude of many when it comes to bailing out subprime borrowers from bad loans.
Posted by Jed Moss on Apr 26 2007 under Bad Credit
Report: Subprime, No-Doc Loans Represent $1 Billion Fraud
Cheating on mortgage applications is so widespread, and so seldom punished, that it’s fueling an increase in foreclosures that will prolong the housing slump, said Robert W. Russell, counsel to the director of the U.S. Office of Thrift Supervision, which oversees savings and loans.
Posted by Richard Barber on Apr 26 2007 under Bad Credit, Mortgage Broker, Mortgage Lending, No-Doc Loans
Washington Mortgage Lender Abruptly Closes Up Shop
A well-regarded home loan lending wholesaler that rode a record boom during the subprime (bad credit home mortgages) market has abruptly closed after a market reversal, leaving 300 people out of work.
Posted by Richard Barber on Apr 26 2007 under Washington
Massachusetts Governor Attacks Mortgage Fraud
As record numbers of people lose their homes, Massachusetts Gov. Deval Patrick called Wednesday for the criminalization of mortgage fraud, in addition to better tracking of foreclosures and education campaigns for would-be homeowners.
Posted by Richard Barber on Apr 26 2007 under Massachusetts
Maryland Housing Market Outpaces D.C., Northern Va.
Fast growth and comparatively moderate Maryland mortgage costs helped price appreciation in Prince George’s County blow past the Greater Washington, D.C., area last year, even as the housing market wallowed in most of the nation.
Posted by Richard Barber on Apr 26 2007 under Maryland