Beginning June 15, real estate agents working with distressed homeowners whose loans are backed by Fannie Mae and Freddie Mac should expect to receive a decision on a short sale offer within 30-60 days.
The GSEs issued new guidelines Tuesday that fall under the Servicing Alignment Initiative rolled out last fall and aim to bring greater […]
ThinkstockAustin, Texas
Austin is a big city in small town disguise. With a population of 790,400, the Texas capital is bigger than all of the “big cities” on the list. But it has managed to maintain the “Keep Austin Weird” credo that has made it a favorite among both retirees and young people.
The outdoors is the […]
AUSTIN, Texas – February 21, 2012 – According to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS®, 1,051 single-family homes were sold in the Austin area in January 2012, which is 10 percent more than January 2011. During the same time period, the median price for Austin-area homes was […]
January 19, 2012 – According to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS®, single-family home sales in December 2011 outpaced the same month of the prior year for the seventh straight month, and year-end figures show momentum in Austin real estate heading into 2012.
In December 2011, a total […]
Rates are on the minds of many buyer as the market turmoil continues and the Fed tries to keep things balanced…..
Tuesday the Fed announced that they would maintain rates at it’s exceptionally low level (near zero) through 2013 to promote on going economic recovery and control inflation.
The Fed is basing it’s decision on […]
Homeowners have a lot at stake in the political showdown over the country’s debt ceiling.
One of the major concerns to arise from the negotiations for many is the fate of a valued tax break. The benefit, which allows taxpayers to deduct their mortgage interest payments, is used by 35 million households.
Now lawmakers have proposed limiting […]
In the 20-odd years that I have been writing about real estate, I don’t believe there has ever been a better time to buy a home.
Why? For starters, 30-year fixed-rate mortgages can be had for less than 5 percent. Recently, the 30-year rate hit 4.6 percent. If you want a 15-year mortgage, you can (for […]
What cities are best positioned to grow and prosper in the coming decade?
To determine the next boom towns in the U.S., Forbes, with the help of Mark Schill at the Praxis Strategy Group, took the 52 largest metro areas in the country (those with populations exceeding 1 million) and ranked them based on various data […]
If Congress does not act in time to increase the federal debt ceiling, the Federal Housing Administration will likely shut down — cutting off a key source of mortgage credit for homebuyers.
Center for American Progress associate director David Min expects the White House will deem FHA a “non-essential” agency and stop all loan approvals by […]
Looking at the reports for the mortgage business as a whole and comparing it to what we are doing at AmeriPro Funding is simply amazing. Mortgage originations in the first quarter fell 35% to $325 billion, breaking three consecutive periods of growth and threatening to plunge the market back to 2000 levels, according to a report […]
