News / Features

Fed Governor Urges Action on Housing

Federal Reserve Governor Elizabeth Duke called on Washington for aggressive action on housing, citing refinancing and property conversion as two possible

Appraisers Apprehensive about New Rules

New rules and regulations for appraisers of Fannie Mae and Freddie Mac properties have some in the industry fearing that the new steps will needlessly complicate the

Five-Year ARM Sets New Record Low at 2.96 Percent

Freddie Mac’s five-year ARM rate set a new record low yesterday, falling to 2.96 percent, a 0.56 percent decline from a year

Independent Mortgage Profits Rise to $575 a Mortgage

Profits on independent loans rose from $346 to $575 per mortgage for the second quarter, according to a new report by the Mortgage Bankers Association

Private Mortgage Modifications Up 11 Percent in July

Mortgage modifications by private companies rose 11 percent in July, according to data from the Hope Now alliance, a rate that far exceeds that of the government’s Home Affordable Modification Program

CoreLogic Price Index Up 0.8 Percent

The CoreLogic Home Price Index rose for the fourth consecutive month in July, increasing by 0.8 percent for the month and 5.5 percent over March’s

Obama Could Announce Housing Stimulus Next Week

President Obama is expected to answer calls of action and announce a housing stimulus plan next week during a planned speech on job

Greenaway Plaza Construct to Replace Vacant Church

Houston developer The Morgan Group is preparing a high-end apartment complex that will utilize the old location of the Central Presbyterian Church on Richmond and

Luxury Home Builder Resurrects River Oaks Project

Rohe & Wright Builders, a luxury home builder, is reviving Winfield Gate, a gated development of 21 town homes that was shelved in late

REO Properties Decline from 550,000 to 493,000 in Q2

REO properties declined in the second quarter from 550,000 to 493,000, according to research by Calculated

Mortgage Delinquency Rates at Lowest Level Since 2009

Data for mortgage delinquencies posted numerous gains in the second quarter, most notably that delinquency rates are now at their lowest level since 2009, according to the Federal Deposit Insurance

Case-Shiller Reports 3.6 Percent Increase in Home Prices for US

Standard & Poor’s (S&P) released its Case-Shiller Home Price Indices for June 2011 earlier today, reporting that home prices rose for the nation in the second

Foreign Home Buyers Help Housing Market – But Be Wary of Cultural Differences

Foreign investment is surging in a myriad of markets across the country, and it’s presenting Realtors with a new batch of situations and challenges they may not be used to

Mixed Data Anticipated for Tomorrow’s Case-Shiller

Standard & Poor’s is anticipated to report both gains and declines in tomorrow’s Case-Shiller Home Price Indices report, according to projections by

Pending Home Sales Up Strongly from 2010

Pending home sales declined 1.3 percent in July but remain well above 2010 levels, according to new research by the National Association of Realtors

Appraisals an Important Component for Housing Recovery

With sales and construction showing signs of growth, home appraisals have now emerged as a major component to a successful reboot for the housing

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