National News
Due to enforcement of upcoming laws, mortgage loan limits will be reduced for Fannie Mae, Freddie Mac and the Federal Housing Administration in October 2011, according to National Association of Home
A Realtors’ median income for 2010 was $34,100 last year, a four-and-a-half percent drop from the previous 3 percent decline from 2009, said United Press
Real estate organizations, FIABCI and ICREA signed an agreement of alliance at last week’s ICREA board meetings in Berlin, seeking to “optimize the combined strength of the two groups and maximize the benefits for the professional real estate community
The Federal Housing Finance Agency raised conforming loan limits in February of 2008, but now they are expected to cut back; the agency is discussing reducing loan limits on mortgages guaranteed by Fannie Mae and Freddie Mac in an
According to Agent Genius, data from NAR shows the average real estate agent — residential and commercial — had eight transactions in 2010. Despite the number of transactions being less than one per month, the good news is this
The 2011 NAR Member Guide reports that nearly two thirds of all Realtors have had a website for at least five years. Of that number, half use social media and only 10 percent blog on a daily
A secret shopping effort from One Cavo and PCMS Consulting revealed that approximately 75 percent of web-based leads are either ignored or receiving late responses, resulting in lost leads, said RIS
Today, the Federal Housing Administration (FHA) and Fannie Mae announced Green Refinance Plus, a new program which will assist owners of existing affordable apartment buildings in paying for energy efficient
HousingWire.com reported the Department of Housing and Urban Development began a review of its regulations and will continue a periodic review for other rule changes as directed from an executive order from President
Yesterday, at a Senate Banking, Housing and Urban Affairs Committee hearing, National Association of Realtors President, Ron Phipps announced support of comprehensive reform, in order to alter the current model of the secondary mortgage market, said Gamut
State attorneys general announced Tuesday that if a settlement is not reached, some of the nation’s largest banks will face potential liability costs amounting to $17 billion; these potential civil lawsuits have been rendered in regard to improper foreclosure
National home prices are expected to stabilize within two years, according to chief economist of Fiserv, David Stiff, said the Chicago
Bank of America has provided $2.8 million to the Hardest Hit Fund toward mortgage payments, to 700 borrowers, according to Housing Wire. The fund, introduced in February 2010, supplies $7.6 billion in federal aid to struggling unemployed homeowners in
A glimpse of hope has finally surfaced after months of primarily negative data; in April, the U.S. Commerce Department data recorded a 7.3 percent rise in sales of new single family homes, according to Agent
A nationwide mortgage fraud sweep, titled “Operation Stolen Dreams,” caught 485 criminals guilty of everything from property flipping, to equity skimming, according to Flipping
The “FHA-Rural Regulatory Improvement Act of 2011,” a draft bill proposing a minimum down payment of 5 percent, an increase over the current 3.5 percent down payment required to be able to take out a FHA-backed loan, will be