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Financial News (49)
Low Mortgage Rates Keep Housing Affordability High
Written by Daily Real Estate NewsThe 30-year mortgage rate was back under 4 percent this week and the 15-year fixed-rate near it's all-time low, which are pushing housing affordability to record highs this year....
Housing Still Great Investment, Americans Say
Written by Daily Real Estate NewsSixty-two percent of Americans say that purchasing a home is a good investment over the next 10 years, according to a new study....
Flawed Appraisals Killing More Deals, NAHB Says
Written by Daily Real Estate NewsNew-home builders have a gripe with appraisers: Stop comparing new homes with sparkling appliances and interior upgrades to distressed homes that have been sitting vacant and in disrepair....
NAR Urges Reform of Mortgage Finance System
Written by Daily Real Estate NewsIn testimony before a Congressional subcommittee, an NAR representative argued that reforming the secondary mortgage market is essential to ensuring a reliable source of mortgage lending for consumers....
Bill Seeks 1-Year Cap on Foreclosure Deficiencies
Written by Daily Real Estate NewsA bill introduced this week aims to limit the timeframe that a mortgage company can go after a home owner for a deficiency judgment following a foreclosure....
Mortgage Scams Rise on Online Search Engines
Written by Daily Real Estate NewsInvestigators have launched an investigation into three of the most popular search engines as they try to uncover con artists who are using the sites to dupe troubled home owners....
Minorities Received Worse Loan Terms, Study Finds
Written by Daily Real Estate NewsMinority borrowers with good credit were offered risky loans three times more frequently than whites, a new study by the Center for Responsible Lending finds....
Lawmakers Urge Mortgage Principal Write-downs
Written by Daily Real Estate NewsA group of Democrats in the House of Representatives say mortgage write-downs would lead to lower defaults and reduce the risk of default for about 20 percent of Fannie Mae and Freddie Mac's loans....
Freddie Expands REO Winter Sale to More States
Written by Daily Real Estate NewsSix more states -- now bringing the total to 33 -- will participate in a winter sale incentive through Freddie Mac's HomeSteps, which is setting out to unload its REO inventory with a special promotion....
Mortgage Rates Stay Low Again This Week
Written by Daily Real Estate NewsFor the third straight week, 30-year fixed-rate mortgages, the most popular choice among home buyers, averaged at or below 4 percent...
