Archive for February, 2010

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Fannie to U.S.: We need another $15.3 billion

Friday, February 26th, 2010
Battered by the housing crisis, mortgage finance company Fannie Mae said Friday that it needs another $15.3 billion in bailout money from the federal government.img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/J6cESxSze_I" height="1" width="1"/
Home mortgage rates and real estate news - CNNMoney.com

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Existing home sales drop

Friday, February 26th, 2010
Sales of existing homes unexpectedly fell in January, according to an industry report published Friday.img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/r9Lyevl1DfM" height="1" width="1"/
Home mortgage rates and real estate news - CNNMoney.com

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Mortgage servicers offer aid plan for jobless

Thursday, February 25th, 2010
The Mortgage Bankers Association proposed a forbearance program Wednesday aimed at helping the unemployed pay their mortgages for up to nine months.img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/jxCNThvxMv4" height="1" width="1"/
Home mortgage rates and real estate news - CNNMoney.com

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Duck! Watch out for falling home prices

Thursday, February 25th, 2010
Despite signs that the real estate market might be lurching forward, prices are expected to fall further this year.img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/VMc2dnTuCjQ" height="1" width="1"/
Home mortgage rates and real estate news - CNNMoney.com

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New home sales fall to a record low

Wednesday, February 24th, 2010
Sales of new homes plunged in January to the lowest level on record, government figures showed Wednesday.img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/wuatysMSfJo" height="1" width="1"/
Home mortgage rates and real estate news - CNNMoney.com

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Nearly 25% of all mortgages are underwater

Wednesday, February 24th, 2010
More bad news on the housing bust front: Nearly 25% of all mortgage borrowers were underwater, meaning they more on their loans than their homes are worth.img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/8hmx4txw6Ak" height="1" width="1"/
Home mortgage rates and real estate news - CNNMoney.com

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Home prices fall another 2.5%

Tuesday, February 23rd, 2010
Home prices fell just 2.5% during the last three month of 2009 compared with the fourth quarter of 2008, according to a closely watched gauge of home price movement. That was a big improvement over the past three years.img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/q2jk95lhn1M" height="1" width="1"/
Home mortgage rates and real estate news - CNNMoney.com

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The boy who cried housing recovery!

Monday, February 22nd, 2010
Lowe's reported a better-than-expected profit for the fourth quarter on Monday, and the nation's second-largest home-improvement retailer indicated that 2010 would be a better year for the housing market.img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/VhKtHsvL75w" height="1" width="1"/
Home mortgage rates and real estate news - CNNMoney.com

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$1.5 billion in housing help coming to 5 states

Friday, February 19th, 2010
Under pressure to do more for troubled homeowners, President Obama is expected to announce on Friday a $1.5 billion program to help borrowers in the five states hit hardest by the housing crisis.img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/E2E9QjeYI8k" height="1" width="1"/
Home mortgage rates and real estate news - CNNMoney.com

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Late FHA loans spike 62%

Friday, February 19th, 2010
The recent spike in the number of delinquent Federal Housing Administration-insured loans has some people worried that taxpayers will eventually have to bail the agency out.img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/-gvOcTOcd80" height="1" width="1"/
Home mortgage rates and real estate news - CNNMoney.com

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