Archive for the 'News & Articles' Category
Home prices up for 1st time in 3 years
Index of 20 major cities rises on a monthly basis for the first time since July 2006, hinting that the worst of the declines may be over.
NEW YORK (CNNMoney.com) — The value of U.S. homes grew on a monthly basis in May for the first time in nearly three years, according to 20-city index released […]
Freddie Mac Offers Help to Handle Demand
Freddie Mac Launches Effort to Help Servicers Handle Record Demand for Home Affordable Modifications
As part of its support for President Obama’s Making Home Affordable program, Freddie Mac announced an agreement with Home Retention Services, Inc., a wholly owned subsidiary of Stewart Lender Services, Inc., to help several regional servicers process thousands of additional applications for Home […]
Cake baker will meet her mortgage!
Bake me a cake as fast as you can…
New Jersey resident, Angela Logan — baker of the apple cake known ’round the world — will be able to make her mortgage payment.
The Record reported last Friday how the Teaneck actress and divorced mother of three resorted to a bake sale to save her home from […]
Existing home sales rose for the 3rd consecutive month
Signs of Change: Existing-Home Sales Rise 3.6% in June
RISMEDIA, July 24, 2009-Existing-home sales rose for the third consecutive month with inventory easing and home prices declining less sharply in June, according to the National Association of Realtors®.
Existing-home sales-including single-family, townhomes, condominiums and co-ops-increased 3.6% to a seasonally adjusted annual rate of 4.89 million units in June […]
Control Your House by iPhone?
Since the 1970s, computer nerds have been automating home control with gizmos based on the X-10 radio standard. A lot’s changed since X-10 was cutting edge, and a few proprietary systems have come along with improvements, but none became industry standards.
Now a startup named iControl Networks is seeking to drag home automation into 2010. The […]
Freddie Mac names new CEO
Ed Haldeman ran Putnam Investments after scandal
Former Putnam Investments executive Charles “Ed” Haldeman will take over as chief executive officer of Freddie Mac in August, the company said, ending a months-long search for a replacement for David Moffett.
Moffett, who reportedly left the job in March in part because government regulators must sign off on major […]
Mortgage Rates Fall for Third Consecutive Week
McLean, VA – Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 5.14 percent with an average 0.7 point for the week ending July 16, 2009, down from last week when it averaged 5.20 percent. Last year at this time, the 30-year […]
Freddie Mac issues appraisal bulletin
Appraisers “must be familiar with the local market” in which properties they are valuing are located, choose “appropriate comparable sales,” and certify them as the homes “most similar” to the property being appraised, Freddie Mac said in a bulletin to lenders.
The mortgage giant said new rules for appraisals don’t require that appraisers select distressed properties […]
Mortgage Rates Down This Week Amid Concerns Over Labor Market
McLean, VA – Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM)averaged 5.20 percent with an average 0.7 point for the week ending July 9, 2009, down from last week when it averaged 5.32 percent. Last year at this time, the 30-year FRM […]
What will your home be worth in 2012?
BusinessWeek weighed historical data against current trends to forecast what the median price of a home may be in several large U.S. metro areas in 2012.
http://www.msnbc.msn.com/id/31446244
[caption id=”” align=”alignnone” width=”296″ caption=”What will your house be worth in 2012?”][/caption]
