Tuesday, February 26, 2008

Home price plunge accelerates

2007 year-end results are in and the news is bad: Major housing markets were down even more than anticipated.


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FDIC: Bank reserves not keeping pace with delinquencies

Federally insured banks and savings institutions saw fourth-quarter earnings plummet 83 percent -- their lowest levels since 1991 -- and failed to boost loss reserves as fast as borrowers became delinquent on loans, the FDIC reported today.


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New York pushing Fannie, Freddie to make new rules for lenders

Fannie Mae and Freddie Mac are reportedly nearing agreement on a deal with New York's attorney general that would require lenders to hire independent appraisers and provide copies of appraisal documents to a clearinghouse where their conduct and activity would be monitored.


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Rules, Rates Keep Housing in Deep Freeze

There were signs of spring last week in housing, with home-builder sentiment and home construction showing glimmers of improvement. But two developments -- tightening lending standards and a surprisingly mixed interest-rate environment -- suggest a real thaw is far from near.


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Home Is Where 'Green' Can Start

Consumers are bombarded these days with a multitude of suggestions to make their lives "greener." Many proposed changes start at home.


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White House to veto foreclosure bill

$4 billion housing bill is too expensive for the administration and would 'slow the recovery of the housing sector.


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Best Places To Get Ahead

Move to New York, and you could become an investment-banking millionaire. Head for Los Angeles for a chance at an eight-figure Hollywood paycheck. Or go prospecting in San Francisco for dot-com gold.


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Thursday, February 21, 2008

New Tax Forms Give Homeowners Relief

It's shaping up to be a less-painful year for many taxpayers who are preparing their 2007 returns.......

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Mortgage rates climb this week

Adjustable loans may become more popular, survey finds..........


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Stocks, housing dent economic outlook

U.S. leading index forecasts sluggish growth in coming months....



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Wednesday, February 20, 2008

Realtors Go 'Green' To Get Your Cash

In a bid to stand out in a sagging housing market, an increasing number of real-estate agents are marketing themselves as eco-friendly -- connecting environmentally conscious buyers to "green" homes and helping sellers make their homes more eco-sensitive.


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Lenders Ramp Up Mortgage Ads, While Homeowners Leave Homes

How do you spot mortgage fraud? Some signs: a home has been sold multiple times within a short period of time --

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Fed sees economy slowing

Central bank cuts growth forecast and sees higher unemployment but hints at more rate cuts ahead to keep economy from recession.


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Multifamily Action Kicks Off 2008

Aside from roller coaster economic news and continued mention of the “R” word, plenty of black ink has also been spilled of late when it comes to news in the nation’s multifamily market.


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Tuesday, February 19, 2008

Beating foreclosure: Who to call

Homeowners in trouble have to wade through many options to see whether they qualify for any assistance from their lender.


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Jumbo mortgages: The best deals

Rates on big mortgages are unusually high. Here are some tips for bringing down the cost of borrowing to buy that expensive house.


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Home builder outlook remains dim

Homebuilders group reports increased traffic by potential buyers, but the outlook for the near future is darkening.

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Friday, February 15, 2008

Refinancing Your Mortgage? Here Are Ways to Lower Costs

My younger brother Joe and his wife Rhonda are planning on refinancing their mortgage. Since rates have fallen since they took out their 30-year fixed-rate mortgage three years ago and their credit scores have improved, they hope to qualify for a better deal this time around.


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FGIC wants to be split into two companies

Bond insurer FGIC Corp. has notified New York regulators that it wants to be split into two companies, the state's insurance commissioner said Friday.

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World's Most Expensive Rental Markets

Homes in Tokyo and London have always been expensive, but the dollar's recent plunge has made these and other pricey markets particularly daunting for American expatriates, businesses and anyone unlucky enough to receive a salary in greenbacks.

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America's Free-Falling Housing Markets

Residents of Sacramento, Calif., where home sale prices for November 2007 fell a startling 18.6% over the year before, are likely breathing a sigh of relief today.

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Greenspan: Recession chances '50% or better'

Former Fed chairman, speaking at Houston conference, also promotes nuclear power and electric cars.

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What $1 Million Buys In Homes Across The U.S.

Shopping for a seven-figure spread? You're in luck.


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Highest Foreclosure Rates.......

As the subprime-mortgage mess grew last year, the highest foreclosure rates among the nation's 100 biggest metro areas belonged to Detroit, Stockton, Calif., and Las Vegas, a foreclosure-listing service said.


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Tracking Housing Prices

Predicting how much worse the U.S. housing market will get is tough. The future is never certain. But when it comes to home prices, getting a clear picture of the recent past turns out to be surprisingly hard as well.


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NAR reports Q4 price drops in most metros

Nevada see largest decline in sales of existing homes in 2007

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Mortgage rates end week higher

Rise attributed to credit issues, survey finds

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