Real Estate News

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Some money from mortgage settlement to be diverted (AP)	2/22/2012 4:47 PM
AP - The ink wasn't even dry on a settlement with the nation's top mortgage lenders when Missouri Gov. Jay Nixon laid claim to a chunk of the money to avert a huge budget cut for public colleges and universities.
Summary Box: Home sales up 4.3 pct. in January (AP)	2/22/2012 3:57 PM
AP - SALES UP: Sales of previously occupied homes rose in January to a seasonally adjusted annual rate of 4.57 million, the National Association of Realtors said Wednesday. That's the highest level since May 2010.
Past foreclosure means waiting years for new loan (AP)	2/22/2012 1:26 PM
AP - Next to filing for bankruptcy protection, nothing wrecks your chances of qualifying for a home loan like a foreclosure.
Rising sales point to better year for housing (AP)	2/22/2012 12:36 PM
AP - The housing market is flashing signs of health ahead of the spring-buying season.
Home resales at 1-1/2 year-high, supply falls (Reuters)	2/22/2012 3:27 PM
Reuters - Home resales rose to a 1-1/2-year high in January, pushing the supply of properties on the market to the lowest level in almost seven years in a hopeful sign for the housing sector.
U.S. mortgage applications sagged last week: MBA (Reuters)	2/22/2012 6:03 AM
Reuters - Applications for U.S. home mortgages tumbled last week as demand for loan refinancing sagged, an industry group said on Wednesday.
Fannie, Freddie need to tighten legal expenses: regulator (Reuters)	2/21/2012 11:32 PM
Reuters - A government watchdog on Wednesday said Fannie Mae and Freddie Mac's regulator needs to curtail the rising cost of their legal expenses since there is no end in sight to the widening taxpayer tab keeping the two firms afloat.
Watchdog: Limit Fannie, Freddie legal fees more (AP)	2/21/2012 11:08 PM
AP - The U.S. government regulator for Fannie Mae and Freddie Mac must do a better job limiting legal expenses paid by the two mortgage giants to their former executives facing lawsuits, a new watchdog report says.
Regulator outlines new plan for Fannie, Freddie (Reuters)	2/21/2012 1:46 PM
Reuters - The regulator of housing giants Fannie Mae and Freddie Mac on Tuesday outlined a new strategic plan for the two government-controlled firms, stepping into a void left by congressional inaction.
Gov't seeks smaller role for Fannie, Freddie (AP)	2/21/2012 12:17 PM
AP - The government regulator for Fannie Mae and Freddie Mac has submitted a plan to Congress that would shrink the mortgage giants' role in the housing market.
Fed's housing blueprint is lost in din of politics (Reuters)	2/21/2012 7:30 AM
Reuters - In mid-2011, with the U.S. economy at risk of a new recession, top Federal Reserve officials began to explore a different way to shore up the recovery: looking for fixes for the battered housing market.
Foreclosure abuse rampant across U.S., experts say (Reuters)	2/17/2012 1:25 AM
Reuters - A report this week showing rampant foreclosure abuse in San Francisco reflects similar levels of lender fraud and faulty documentation across the United States, say experts and officials who have done studies in other parts of the country.
Nevada foreclosure rate down, but still top in US (AP)	2/16/2012 11:17 AM
AP - Nevada has posted the nation's highest foreclosure rate for 61st month in a row, even though foreclosure activity is down 52 percent from a year ago.
Fewer Americans at risk of foreclosure in Q4. (AP)	2/16/2012 9:57 AM
AP - The number of Americans at risk of foreclosure is declining, as more homeowners climb out of debt and find steady work.
Rate on 30-year mortgage stays at record 3.87 pct. (AP)	2/16/2012 9:39 AM
AP - The average rate on the 30-year fixed mortgage held steady at a record low for a third straight week, offering more incentive to those looking to buy a home or refinance.