Archive for December, 2009

Citi’s holiday treat: No foreclosures for a month

Thursday, December 17th, 2009
Citigroup will suspend foreclosures and evictions for 30 days, giving 4,000 at-risk borrowers a break during the holiday season, the company said Thursday.img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/gqh9cniikMc" height="1" width="1"/
Home mortgage rates and real estate news - CNNMoney.com

Home construction rebounds from 6-month low

Thursday, December 17th, 2009
Home building rebounded from a six-month low in November, with improvement in new home construction in all sections of the nation, according to a government report issued Wednesday.img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/8z6I8HH-s7c" height="1" width="1"/
Home mortgage rates and real estate news - CNNMoney.com

Real estate in your retirement portfolio

Thursday, December 17th, 2009
Question: How do REITs work? And is it prudent to have them in a diversified retirement portfolio? --M. C., Indianapolis, Indianaimg src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/cK5V3ciIBWA" height="1" width="1"/
Home mortgage rates and real estate news - CNNMoney.com

Extreme modifications: 2% mortgages

Wednesday, December 16th, 2009
At 8 a.m., homeowner Rodney Wynn was drowning under his $1,800-per-month, 13.4% interest rate mortgage. But by 5 p.m., he had found some relief: a 4.7% loan with a $970 monthly payment.img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/2jj5uY--zd8" height="1" width="1"/
Home mortgage rates and real estate news - CNNMoney.com

Fixing the mortgage mess

Tuesday, December 15th, 2009
Lounging in his giant conference room in an otherwise bland office suite near Long Island's Nassau Coliseum, Lewis Ranieri cultivates the image of a worldly philosopher. The 62-year-old financier prides himself on being a big thinker who conjures elegant solutions to epic problems.img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/bh5u1YtglIk" height="1" width="1"/
Home mortgage rates and real estate news - CNNMoney.com

Turn on the home-equity tap again

Monday, December 14th, 2009
The home-equity line of credit fueled thousands of extreme kitchen makeovers during the real estate boom. But the housing bust and the credit crisis stopped the HELOC party with a vengeance: Tens of thousands of homeowners had their lines cut or frozen, and most lenders stopped issuing new ones altogether.img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/CNy2iIGNfn4" height="1" width="1"/
Home mortgage rates and real estate news - CNNMoney.com

What you want for the holidays

Friday, December 11th, 2009
In a stay-put real estate market, some of the best gifts are home-improvement tools.img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/Dm89iOu70Xc" height="1" width="1"/
Home mortgage rates and real estate news - CNNMoney.com

Congress demands banks do more on mortgages

Friday, December 11th, 2009
Executives for mortgage companies and government officials faced an angry congressional committee Tuesday concerning some of the problems with the Obama administration's mortgage-aid program aimed at avoiding foreclosures.img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/oP5eViLVIbE" height="1" width="1"/
Home mortgage rates and real estate news - CNNMoney.com

Only about 4% get long-term mortgage help

Thursday, December 10th, 2009
Only about 4% of troubled borrowers have received long-term help under the Obama administration's foreclosure prevention program, Treasury officials said Thursday.img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/b_NElx64UnY" height="1" width="1"/
Home mortgage rates and real estate news - CNNMoney.com

Foreclosure plague slowing: Filings fall 8%

Thursday, December 10th, 2009
Foreclosure filings fell by 8% in November, making it the fourth consecutive month of improvement in the housing market.img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/4mh1Z_gv_wI" height="1" width="1"/
Home mortgage rates and real estate news - CNNMoney.com