News / Features

HomeSteps- Incentives for Agents and Homebuyers

Freddie Mac will now be assisting homebuyers of REO properties with up to 3.5 percent in closing-cost assistance through their HomeSteps summer sales promotion. Agents will also benefit, receiving a $1,200 bonus for offers on eligible foreclosed properties, as

Foreclosure Data May Become Public Information

Listings of loans which are delinquent by more than 30 days, those delinquent by more than 90 days, foreclosures, and an accurate portrayal of the mortgage market may soon be publicly available in accordance with Section 1447 of the

New NAR Policy Requires Brokers to Opt-in

The National Association of Realtors (NAR) established an “opt in” ruling for brokers who want their IDX listings displayed on national franchise websites; the vote took place on May 14 at the Midyear Conferences, and the newly approved vote

Two FDIC Lawsuits Seek Combined Total of $283 Million

The Federal Deposit Insurance Corporation has sued both CoreLogic, Inc. and Lender Processing Services, Inc. (LPS) for a combined total of approximately $283 million, according to

Mortgage Debt Drops, Refinancing Rises

Federal Reserve statistics indicated a three-year drop of $700 billion in outstanding mortgage debt, according to

NAR Dues Increase Approved: $40 Increase in 2012

This weekend, the National Association of Realtors (NAR) gathered at the Midyear Meetings in D.C. The organization decided to raise dues by $40, a widely debated increase which aims to reshape campaign

Housing Affordability Different for Five Different Ethnic Groups

For the first time, the National Association of Home Builders (NAHB) quarterly index was broken down across five different races/ethnic groups to analyze differences in income and housing affordability in

NAR Holds Annual Meeting About Secondary Mortgages

The National Association of Realtors (NAR) and home finance analysts discussed that government involvement is too strong, speculating that secondary mortgages are coincidentally holding back growth in the housing market at their annual meeting this

ActiveRain Sold to Nikesh Parekh

ActiveRain, the online community that caters to 207,317 real estate professionals, was sold by co-founder and former CEO, Jonathan Washburn, to Market Leader, Inc. employee (and former consultant) Nikesh

NAR Members Voice Opposition on Dues Increase

RealTown poll results revealed that the majority of National Association of Realtors (NAR) members are opposed to membership due increases, with 2,502 (over 82 percent) members voting no on the Political Survival Initiative which would increase dues by $40/year

Green Designation Program to be Updated in Late Summer 2011

The National Association of Realtors (NAR) has found that the desire for environmentally sustainable buildings is an ongoing trend, constantly gaining momentum, especially since the initiation of the Green Designation program in late

Home Sales Remain Steady But Home Values on the Decline

Zillow found that home values have been on the decline for 57 consecutive months, despite the National Association of Realtors tracking a rise in home prices in over 20 percent of metropolitan statistical areas, according to Wall Street

Bank Ordered Auction for Beach-Front Condos

Beach-front condos with resort-style amenities will be auctioned off next month for half of their original asking price. On June 5, 22 condominiums at Diamond Beach, originally priced from $445,000 to more than $1 million will be auctioned off

Freddie Mac Sets New Record

Freddie Mac sold a record amount of previously foreclosed or repossessed homes, with a total of approximately 31,000 homes sold in the first quarter, according to

Increasing Percentage of Homeowners Underwater

Real estate data analytics firm, Zillow, reported that more than 28 percent of US homeowners are currently underwater on their mortgages; data by CoreLogic in early March had previously measured this rate at 23

HUD Grants Promote Healthy, Safe Housing

In an ongoing effort to promote overall prevention of housing related health and safety hazards, such as recognizing and controlling lead-based paint, the U.S. Department of Housing and Urban Development (HUD) is now offering up to seven grants in

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