National Real Estate Blog

New property appraisal guidelines have been released by the FED, the Office of the Comptroller of the Currency, the office of Thrift Supervision, the Federal Deposit Insurance Corp. (FDIC) and the National Credit Union Administration.Setting a standard, the new guidelines require that banks not tell [Read More]

Due to the record low mortgage rates, 95% of the borrowers across the nation opted on a fixed-rate mortgage during the third quarter, according to the US Federal Loan Mortgage Corp.Mortgage rates have continued to drop since the spring of this year, when the European Debt Crisis forced investors to [Read More]

According to a report by CoreLogic, a real estate analyst company, home prices are continuing on a stable path. In the month of August of 2010, home prices declined by .4% not including distressed sales.The top five states with the greatest appreciation during that month were Maine, New York, Connec [Read More]

Although the consumer confidence levels are at a historic low, they did rise slightly to 50.2 from 48.6 this month, according to the Conference Board Consumer Research Center. Both attitudes and expectations saw a rise.Lynn Franco, Director of the Conference Board Consumer Research Center stated, Co [Read More]

The freeze on foreclosures is coming to an end as Bank of America and Ally Financials GMAC Mortgage have released more than 100,000 foreclosures cases in Florida and other states around the nation after finding no errors in the paperwork.The nationwide halt on all foreclosure transactions that was c [Read More]

Many legislators are working towards a national moratorium on foreclosure sales. According to Edolphus Towns, U.S. Representative and Chairman of the House Committee on Oversight and Government Reform, "The implications of ignoring the foreclosure problems are far too great to be ignored."Towns beli [Read More]

Rates on a 30 year fixed rate mortgage fell to the lowest level seen since 1971, according to mortgage giant, Freddie Mac. Treasury yields are dropping as a move by the FED to throw more money into the economy is anticipated, as mortgage rates are closely tied in with long-term treasury bonds they a [Read More]

Homeowners that have been threatened with foreclosure were given the gift of time last week when Bank of America, GMAC Home Mortgage, Inc., and JPMorgan Chase put a halt on thousands of foreclosure proceedings in 23 states across the nation. The suspended foreclosures were due to amount faulty docum [Read More]

According to the Conference Board Consumer Confidence Index, conducted for research company TNS, consumer confidence is inching downward once more. The two conditions tested include The Present Situation Index and The Expectations Index, both of which showed a decline in a monthly comparison.Lynn Fr [Read More]

Although the Neighborhood Stabilization Program has run out of funds for this stage they expect more funding to be allocated for the end this calendar year at the earliest. We can inform our buyers and prospects and use this as a tool to help those first time home buyers interested to purchase a ho [Read More]