09/02/10
Home Price Reports Don’t Show Declines (Yet)"When reading Tuesday’s report on home prices from the S&P/Case-Shiller index, use caution."
09/02/10
What saves more energy?
"According to a new Columbia study, Americans, even conservation-minded folks, are pretty clueless about energy efficiency. How is your energy IQ? Look at the two choices below, and pick the one that would save the most energy."
09/02/10
Jobless claims decline, but not enough
"NEW YORK (CNNMoney.com) -- The number of first-time filers for unemployment insurance fell for a second straight week last week, but the level suggests that the labor market remains sluggish."
09/02/10
HUD SECRETARY ANNOUNCES NATIONAL FIRST LOOK PROGRAM TO HELP COMMUNITIES STABILIZE NEIGHBORHOODS HARD-HIT BY FORECLOSURE
"WASHINGTON - U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan today announced an unprecedented agreement with the nation's top mortgage lenders to offer selected state and local governments, and nonprofit organizations a "first look" or right of first refusal to purchase foreclosed homes before making these properties available to private investors."
09/02/10
One Michigan County Offers Free Land
"Muskegon County in Michigan is bartering land for jobs as its unemployment rate soars past the national average."
09/02/10
Shut Down Banks if They Threaten System: Bernanke
"Federal Reserve Chairman Ben Bernanke told a panel investigating the financial crisis that regulators must be ready to shutter the largest institutions if they threaten to bring down the financial system."
09/02/10
Paying Off the House in 15 Years
"A growing number of homeowners are choosing to pay down their mortgages at a faster rate--even if it means a substantial jump in their monthly payments."
09/02/10
Commercial Delinquencies Up for CMBS, Flat for Banks in Second Quarter
"Washington, DC (September 2, 2010) – Delinquency rates were mixed in the second quarter for commercial/multifamily mortgage investor groups, according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report."
09/02/10
Fannie's appraisal cutting ban takes effect
"Fannie Mae's new policy to reduce appraisal cutting takes effect today. If a lender is trying to sell the GSE a loan, they are now prohibited from changing the market value of a home on the request form.
Fannie Mae said Tuesday if a loan servicer does not properly handle a troubled mortgage loan in a timely manner, it will demand compensation from the servicer for the mortgage."
09/02/10
Builder Bummer: Big Land Auction Cancelled "Today we wrote about the excitement surrounding a big California land auction that was set for Thursday. Well, the bidders should just stay home."
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