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Monthly Archives: December 2010
Long-Term Rates Drop Back a Bit by Raja Tayeb on December 27, 2010 Long-term mortgage rates dipped a bit in the week before Christmas, according to Freddie Mac. The mortgage giant reported that interest on 30-year, fixed loans averaged 4.81 … Continue reading
Lenders ‘Foreclose’ Homes They Don’t Own by John Tayeb on December 23, 2010 In dozens of incidents nationwide, confused banks have ransacked properties that were either not mortgaged at all or were mortgaged by a different lender or were a … Continue reading
2011’s Strongest and Weakest Markets by Raja Tayeb on December 23, 2010 Home prices are expected to rise in 40 percent of major metropolitan areas, according to Veros Real Estate Solutions, a research firm that provides information to the mortgage … Continue reading
Arizona and Nevada Sue Bank of America by Raja Tayeb on December 21, 2010 Arizona and Nevada attorneys general filed suit against Bank of America on Friday charging that the lender misled home owners who tried to modify their mortgages. … Continue reading
Geithner Backs Mortgage Service Standards by John Tayeb on December 21, 2010 U.S. Treasury Secretary Timothy Geithner said Thursday that he believes the U.S. needs national standards for mortgage servicers. Geithner plans to charge the new Consumer Financial Protection Bureau … Continue reading
Growing Economy Big Factor for Buyers by Raja Tayeb on December 21, 2010 Economists are surprisingly positive about the impact of rising interest rates on home sales. The consensus is that while rates are up from where they were, they … Continue reading
Commercial Real Estate on the Mend by John Tayeb on December 20, 2010 Despite predictions of Armageddon in the commercial real estate industry, the segment remains a moneymaker. Commercial Mortgage Backed Securities (CMBS) were among the top-performing assets classes this … Continue reading