Archive

Archive for May, 2010

Housing market diagnosis: Bipolar

May 18th, 2010 No comments
Bipolar is what comes to mind when diagnosing the post-homebuyer tax credit market. There are two separate forces pulling it in opposite directions, and experts aren't yet sure which path the market will take.

Borrowers flunk out of mortgage mods

May 17th, 2010 No comments
The number of troubled homeowners falling out of President Obama's foreclosure rescue plan soared in April.

Rush Limbaugh cuts NYC penthouse price to $13 million

May 14th, 2010 No comments
Conservative radio host Rush Limbaugh is having a tough time saying adios to New York City. But it's not because he'll miss the Big Apple. Rather, he's been forced to cut the asking price for his Fifth Avenue penthouse to $12.95 million.

Freddie and Fannie won’t pay down your mortgage

May 14th, 2010 No comments
Pressure is mounting on loan servicers and investors to reduce troubled homeowners' loan balances...but the two largest owners of mortgages aren't getting the message.

Senate votes to ban liar loans

May 13th, 2010 No comments
The Senate voted Wednesday to ban controversial "liar loans," which helped bring down the housing market.

Foreclosures plateau – finally. Repossessions soar

May 13th, 2010 No comments
The foreclosure plague may have finally reached its peak in April 2010 -- but don't expect delinquency statistics to plummet anytime soon.

Real estate’s new problem: Not enough homes

May 13th, 2010 No comments
Can it be possible? Despite the housing bust and high foreclosure rates, in some areas real estate agents are complaining that they don't have enough homes to sell.

Let taxpayers cover your mortgage

May 12th, 2010 No comments
Unemployed? Owe more on your mortgage than your home is worth? Your state might one day pay your mortgage.

Median home prices up 100% in Saginaw

May 12th, 2010 No comments
The median price of single family homes rose in 91 of 152 major metro markets during the first three months of the year compared with the same period in 2009.

Freddie Mac needs another $10.6 billion

May 10th, 2010 No comments
Freddie Mac on Wednesday requested another $10.6 billion handout from the federal government.