
Without loan giants, 30-year mortgage may fade away
How might home buying change if the federal government shuts down the housing finance giants Fannie Mae and Freddie Mac?
Read the full story… The New York Times
Mortgage practices overhaul proposed
State and federal officials are pushing to more tightly regulate the way banks and other mortgage servicers treat struggling homeowners in a bid to stem foreclosures.
Read the full story… The Wall Street Journal
Foreclosure activity drops sharply nationwide
Big banks put the brakes on foreclosure activity last month as the American foreclosure system faced a major overhaul and homeowners challenged their lenders in court.
Read the full story… Los Angeles Times
FHA powers what’s left of the home market
As one of the few backers of low-down-payment mortgages in time of stringent lender underwriting, the Federal Housing Administration has become a primary means of financing for U.S. home buyers.
Read the full story… The Wall Street Journal
We paid cash for our million-dollar home
Cash buyer are becoming common. The number of homes bought with cash jumped to 32 percent in January compared with 26 percent a year earlier, according to the NATIONAL ASSOCIATION OF REALTORS®
Read the full story… CNN Money
Picky first-time buyers losing out on great housing deals
Are today’s first time home buyers passing up great deals because they insist on flawless “move-in-ready” houses requiring little or no changes – even at the starter-home price levels at which shoppers traditionally have been willing to factor fix-ups and renovations into their offers?
Read the full story… The Washington Post
New rules for first-time home buyers
Without a house to sell, first-time buyers have had a field day in the depressed housing market. Until recently, anyway. A series of new rules, regulations, and policies have changed the landscape, making buying that new home harder and more expensive.
Read the full story… SmartMoney
Underwater mortgages rise as home prices fall
The number of Americans who owe more on their mortgages than their homes are worth rose at the end of last year, preventing many people from selling their homes in an already weak housing market.
Read the full story… San Francisco Chronicle
Stockton Area Real Estate – Dave Thurman