I received this email in my inbox this morning from my local Realtor board. While I know not everyone is happy with the provisions of this bill, there are several that as they pertain to real estate, that were important wins: “Late last night the U.S. House of Representatives voted 257-167 to pass the U.S. […]
Is the Housing Market Better Off than 4 Years Ago?
Republicans and Democrats are taking sides about whether we are better off than they were four years ago – and who gets the blame or the credit. To help voters cut through the election spin, we checked in with Trulia, who had some facts on the housing market, comparing today with January 2009, when Obama […]
$25 Billion Mortgage Settlement: What It Means To You
After many months of negotiation, 49 state attorneys general and the federal government have reached agreement on a historic joint state-federal settlement with the country’s five largest loan servicers: Ally/GMAC, Bank of America,Citi, JPMorgan Chase, Wells Fargo . The settlement will provide as much as $25 billion in relief to distressed borrowers and direct payments […]
The State of the Union Address and Obama’s Housing Plans
I admittedly missed the Presidential address last night, but found the entire speech online and read it. Wow – this President has a fantastic speech writer, it made me feel very Patriotic and teary reading it over my morning coffee. No matter if you are on the left or right of the issues, I have […]
Interest Rates Hit New Low: Flirting with 4%
Could now be the time to get off the proverbial fence and buy a new home? Some homeowners are concerned that if they sell their current residence they may lose money, or only break even with today’s real estate prices. However with the new interest rates flirting with 4% (or even 3% if you do […]
Could HARP Fix Your High Interest ARM Loan?
Traditional loan modifications, including the federal Home Affordable Modification Program (HAMP) have failed miserably to relieve struggling homeowners of mortgage payments they simply cannot afford. The largest lender in the program, Bank of America, has completed modifications for fewer than 2 percent of the 200,000 borrowers it has enrolled! Foreclosures continue to climb. I recently […]
