Mixed Mortgage Messages: Originations Decline but Quality Soars
Mortgage originations plunged 10.1 percent from November to December, continuing a decline from 2011’s September peak. At the same time, loans originated over the last two years have proved to be some of the best quality originations on record.
New …
New Initiative Will Coordinate Probes of Mortgage Meltdown
(MCT)—The Obama administration’s new effort to investigate the causes of the nation’s mortgage meltdown will focus on coordinating the often overlapping state and federal investigations and on holding accountable those whose misconduct led to the global financial crisis.
A team …
Take Advantage of Record Low Rates before They Rise
Low interest rates, as we all know, are making history. Last week, according to an article found on CNNMoney, “rates on both the 30-year and 15-year fixed loans fell to new records, at 3.89 percent and 3.16 percent, respectively, according …
Obama HARP Expansion Builds on New Refi Momentum
In his recent State of the Union speech, President Obama announced he will push for legislation that will significantly expand the newly revised HARP program that allows underwater homeowners to refinance at today’s historically low rates.
Obama’s expansion would allow …
Water-Wise Bathroom Redo Gives Consumers a Chance to Win $100
HouseLogic.com, a comprehensive website about all aspects of homeownership from the National Association of REALTORS®, has launched a new online sweepstakes. Readers who leave comments on a blog featured at the site will have a chance to win a $100 …
Real Estate Trend: More Buyers Pay In Cash
In another sign that investors are more important to residential real estate markets than ever, nearly one out of three home sales in December went to buyers who paid all cash.
In fact, so many investors are winning sales with …
Rand on Real Estate: Individual Investor Searches for Next Big City
A caller from Manhattan talks about the complete turnaround that Harlem has experienced over the past 10 years. Now he wants to find the next city poised for gentrification. Is Detroit the next turnout city? Greg Rand (@gsrand), …

Posted January 31, 2012 








