News
New Residential Construction Figures Reflect Ongoing Foreclosure Crisis
New residential construction figures released this week by the the U.S. Census Bureau and the U.S. Department of Housing and Urban Development exhibit the effects of the ongoing foreclosure crisis. Fewer housing start projects are being completed than ever before. …
Housing Crisis Causes and Blame Game
Cozy relationships with DC legislators fueled the housing crisis. The blame game goes on, you need to look to the voters to make a change. When it comes to the housing and foreclosure crisis, there’s plenty of blame to go …
HUD Approved Housing Counseling Agencies to Receive $42M
HUD approved housing counseling agencies are set to receive more than $40 million in grant money, designed to help families find housing and avoid foreclosure. The housing industry is getting another boost from the feds, this time in the form …
Freddie Mac Mortgage Interest Rates Rise, Purchase Activity Remains Low
According to Freddie Mac’s latest survey, mortgage interest rates increased this week on positive employment numbers and higher bond yields. Mortgage interest rates rose across the board, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS) released Thursday. Despite the …
Is the Housing News Getting Better?
Is the housing news we’re getting good? That’s the question the New York Times asked in an editorial this week. And if you look at some of the press releases that have been issued recently, you might think that the …
Freddie Mac Bailout Cost Totals $146M
The latest Freddie Mac bailout will cost $146 million, according to the company’s latest financial results. Here’s some news that comes as a surprise to no one: mortgage giant Freddie Mac needs another bailout. According to the fourth quarter and …
Real Estate Sales Still a Problem
Real estate sales are still a problem even as the economy improves and unemployment numbers get better. The economy looks a little stronger. New weekly unemployment claims are falling. More people are going back to work and the GDP is …
FHA Lowers Refinance Premiums for Streamline Refinance Program
FHA announced Tuesday it will be lowering its refinance premiums for its Streamline Refinance Program, starting June 11, 2012. The Obama Administration is taking additional steps to further stimulate the housing market, according to a press release issued by the …
Freddie Mac: Mortgage Interest Rates Edge Upward
Freddie Mac says fixed mortgage interest rates edged lower this week after last week’s slight upswing. After a slight increase last week, fixed rate mortgage (FRM) mortgage interest rates edged lower for the week ending March 1, 2012. They remain …
Fannie Mae Challenges Bank of America, Needs Another Bailout
Fannie Mae is asking for another bailout despite raking in billions in 2011, and another could be on the way if Bank of America doesn’t pay Fannie Mae what they owe. Fannie Mae is requesting yet another bailout, this time …
