2007 year-end results are in and the news is bad: Major housing markets were down even more than anticipated.
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Tuesday, February 26, 2008
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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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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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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