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FHA Starts a Pilot PowerSaver Program

U.S. Housing and Urban Development (HUD) has selected 18 national, regional and local lenders to participate in a new two-year pilot program. The program will offer qualified borrowers, in certain parts of the country, low-cost loans if in turn

Home Resales Fell 10 Percent Last Month

According to a report Wednesday from the Austin Board of Realtors, home resales in central Texas fell 10 percent in March compared to a year ago. Based on this information, the month of April will not be much

Fannie and Freddie’s Foreclosure Preventions Drop Again

According to the Federal Housing Finance Agency, foreclosure prevention actions at Fannie Mae and Freddie Mac have fallen for the fifth-straight month. These foreclosure preventions include  loan modifications or repayment

Mortgage Applications Increase Within the Past Week

According to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey, the number of applications for mortgages increased by 5.3 percent from last

Housing Starts Show 7.2 Percent Improvement in March

Home construction may still be at low-levels, but the market is improving with 549,000 new housing starts in March of this

Zillow, Inc Officially Announces SEC Filing for IPO Status

Real estate site Zillow, Inc. officially announced that it is selling its common stock. The company filed a registration statement with the SEC for an initial public offering (IPO) today. This long-awaited announcement does not include the number of

Investors Account for the Sale of One Million Homes

Real estate investors now play a critical role in the housing market recovery. They account for one million homes sold in the U.S. in 2010, according to the National Association of Realtors

Sale Expectations Fell This Month for Builders

Sales expectations for homebuilders dropped in April 2011, as reported by Bloomberg today. The National Association of Home Builders/Wells Fargo sentiment index is currently at 16, a drop of one point since March, which reflects a poor outlook for

Broker Wins Appeal Against A&E in ‘Flip This House’ Lawsuit

Richard C. Davis, a South Carolina real estate broker with a specialty in flipping homes, won a $4 million court appeal against A&E’s “Flip This House,” a TV series he appeared on during its first

New Bill to Streamline Short Sales

A new bill introduced earlier this week aims to change long lender delays with short

Texas Foreclosure Activity Decreases in Q1

RealtyTrac released yesterday its U.S. Foreclosure Market Report for the first quarter of 2011, which shows foreclosure filings were reported at a 15 percent decrease from the previous quarter and a 27 percent decrease from the first quarter of

Feds Settle with Major Lenders

Federal bank regulators yesterday announced settlements with the nation’s largest mortgage lenders for unethical foreclosure practices that were identified in 2010

Pew Poll Shows Americans Still Value Homeownership

Amidst one of the worst economic recessions in American history, a recent telephone poll conducted by the Pew Research Center shows that the majority of Americans still place a great deal of value in their

Mortgage Apps Decrease in Latest Weekly Survey

Mortgage applications decreased from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending April 8,

FHA’s Mortgagee Review Board Enforces New Regulations

The Federal Housing Administration’s Mortgagee Review Board (MRB) has announced a settlement agreement with a Massachusetts mortgage lender for failing to fully verify whether borrowers could sustain their mortgage payments prior to refinancing their

U.S. Government Speeding Foreclosure Resales Up

The U.S. government is taking action to speed the resale of foreclosed properties by temporarily expanding access to Federal Housing Administration mortgage insurance, U.S. housing officials

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