Mortgage rates are at 50-year lows – the 30-year fixed-rate mortgage averaged 3.95 percent at the close of 2011 – making homeownership more affordable than ever for families with a stable income and good credit. But before you begin house hunting in earnest, it’s important that you get the facts about buying a home...
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Real Estate And Mortgage News
- OBAMA ADMINISTRATION RELEASES JANUARY HOUSING SCORECARDWASHINGTON--The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the January edition of the Obama Administration's Housing Scorecard - a comprehensive report on the nation's housing market. Data in the January Housing Scorecard underscore fragility as the overall outlook remains mixed. In […]
- HUD ANNOUNCES ADDITIONAL $31.5 MILLION TO FUND HOUSING FOR VERY LOW-INCOME SENIORSWASHINGTON - Hundreds of very low-income senior citizens will have access to affordable supportive housing thanks to $31.5 million in housing assistance announced today by the U.S. Department of Housing and Urban Development (HUD). The funding announced today (see attached list) will help non-profit organizations in five states produce additional accessible […]
- HUD SECRETARY ANNOUNCES DISASTER ASSISTANCE FOR ALABAMA STORM VICTIMSWASHINGTON-U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the State of Alabama and provide support to homeowners and low-income renters forced from their homes following severe storms, straight-line winds and flooding last month. […]
- HUD SECRETARY ANNOUNCES DISASTER ASSISTANCE FOR UTAH STORM VICTIMSWASHINGTON-U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the State of Utah and provide support to homeowners and low-income renters forced from their homes following severe storms in November and December. […]
- Refinancing is Freddie Mac's Bread & Butter TodayBy CEO Ed Haldeman Refinancing is Freddie Mac's bread and butter in today's marketplace. Mortgage refinances represented an estimated 78 percent of our single-family purchase volume in 2011 and 80 percent in 2009 and 2010. In the last three years, we refinanced about $930 billion in mortgages – helping nearly 4.3 million American families lower the […]
The Economy
- Monthly Wholesale Trade: Sales and InventoriesDecember 2011 sales of merchant wholesalers were $413.1 billion, up 1.3 percent (+/-0.7%) from last month. End-of-month inventories were $473.2 billion, up 1.0 percent (+/-0.5%) from last month. December 2011: 1.0 % change in Inv November 2011: 0.0 % change in Inv […]
FEMA
- Assistance to Texas Wildfire Survivors Tops $39 Million in Five MonthsAUSTIN, Texas -- Five months since a Sept. 9 major disaster declaration for the Texas wildfires, assistance to survivors and affected communities has topped$39 million , recovery officials said Monday. Of the total, more than $13.8 million is in state and Federal Emergency Management Agency (FEMA) recovery grants for Texans and their families. […]
- Additional Facts About the National Flood Insurance Program (Pt. 3)Windsor, Conn. -- While flood insurance is not mandatory for homeowners outside of a high-risk area, anyone can be financially vulnerable to floods. People outside of high-risk areas file more than 25% of NFIP claims and receive one-third of disaster assistance for flooding. Residential and commercial property owners who are not located in high-risk areas sh […]
- New Flood Maps Show Current Risks in Rio Arriba County New MexicoDENTON, Texas -- Rio Arriba County, New Mexico homeowners, business and residential renters, and business owners who do not have flood insurance are encouraged to buy coverage now to get the best possible premiums before new flood insurance rate maps go into effect. […]
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Homebuyer’s First Steps
How Do I Identify Loan Officers?
The loan origination business was like the wild west. Now, there is a new sheriff in town:
WASHINGTON (Reuters) – Mortgage loan originators will have to be fingerprinted and sign up to a central registry to do business in future, according to final rules issued on Wednesday by the Federal Reserve and other regulators.
The...
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Loan Modification Scam Prevention Network
Washintgon, DC – The Loan Modification Scam Prevention Network, led by Fannie Mae, Freddie Mac (NYSE:FRE), the Lawyers’ Committee for Civil Rights Under Law and NeighborWorks America, today announced a national campaign to prevent loan modification scams through public education, complaint reporting and coordination with local, state, and federal enforcement agencies.
As part of the...
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Greater Philadelphia Region
- 2012 Komen Philadelphia Race for the CureFirst, I encourage you to please view this video message from Founder and CEO of Susan G. Komen for the Cure, Ambassador Nancy G. Brinker, regarding the recent changes to Komen granting strategy. I also remind you that, like you, the Philadelphia Affiliate is concerned about these changes and are in discussion with Komen National [...] […]
- Abraham Lincoln Union Open HousePhiladelphia, Pennsylvania: The Union League of Philadelphia, founded in 1862 as a patriotic society to support the Union and the policies of Abraham Lincoln, will host its annual Open House on Saturday February 4, 2012 from 11 a.m. to 2 p.m. The public is invited to stay after the open house for a special [...] […]