News

HARP Mortgage Refinancing Program Extended by Two Years

Rismedia Todays Top Story - Mon, 04/15/2013 - 16:05
(MCT)—Underwater homeowners with Fannie Mae- and Freddie Mac-backed mortgages will be able to try to refinance their mortgages for another two years. The Federal Housing Finance Agency announced Thursday that Fannie and Freddie’s Home Affordable Refinance Program, which was set to expire Dec. 31, will be extended until the end of 2015. “More than 2 […]
Categories: Realty News

Twenty Percent of Bankers Expect Lending Standards to Loosen

Rismedia Todays Top Story - Wed, 04/10/2013 - 15:50
Expectations among bank risk professionals for the relaxation of lending standards increased sharply in the first quarter, rising from 12.1 to 19.9 percent, according to the quarterly FICO/PRMIA survey. One out of five bank risk professionals now expect the approval criteria for loans to become less stringent, the third highest level ever registered for looser […]
Categories: Realty News

New Homes Provide the Living Space Buyers Want

Rismedia Todays Top Story - Tue, 04/09/2013 - 16:46
Results from NAHB’s What Home Buyers Really Want  survey and a combination of Census Bureau/HUD data show that new homes generally do a good job of satisfying the typical buyer’s desire for living space, especially when compared to existing homes on the market. A simple way to get an idea of how new and existing […]
Categories: Realty News

Lower Operating Costs Mean New-Home Buyers Can Afford More House

Rismedia Todays Top Story - Mon, 04/08/2013 - 16:44
During New Homes Month in April, the National Association of Home Builders (NAHB) is showing home buyers why they can afford a higher-priced home—if it’s new construction. Using data from the Census Bureau and Department of Housing and Urban Development’s 2011 American Housing Survey, NAHB found that buyers can purchase a more expensive newer home […]
Categories: Realty News

An Easy Way to Cut 4 Years Off Your Mortgage

Rismedia Todays Top Story - Sun, 04/07/2013 - 13:07
(MCT)—We are now officially in the peak spring home buying-season. I was asked the other day for advice on what should be at the top of the list for homeowners after they move into their new home. That was an easy question to answer. My No. 1 piece of advice for recent homebuyers is to […]
Categories: Realty News

What’s the Story with FHA?

Rismedia Todays Top Story - Wed, 04/03/2013 - 16:44
I hear a lot about the Federal Housing Administration, and much of it is simply wrong. “The FHA is the next subprime.” Untrue. “The FHA caused the housing crisis.” Also untrue. There is a lot of misinformation making the rounds, which helps neither brokers nor buyers. Here’s the low-down on what brokers or buyers’ agents […]
Categories: Realty News

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