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Recession Lowers Mortgage Rates for VA Loans, Flagship Financial Services Iss...
2 Dec 2008 at 11:01pm
Interest Rates have fallen dramatically and are at a three year low. Flagship is offering to pay vets $250 if they can find VA and FHA loans with a lower APR than the company can offer. VA loans are much easier to qualify for than other types of loans. Find out more at www.YourVAPro.com.

Now Available: FHA Streamline 203(k) Rehab Loans (PRWeb via Yahoo! News)
30 Nov 2008 at 11:01pm
Katz Mortgage Team, www.KatzMortgageTeam.com, backed by Fairway Independent Mortgage Corporation, has announced they are now offering a new FHA-insured mortgage program developed by HUD, called the "Streamline 203 (k)" Limited Repair Program that permits homebuyers to finance up to an additional $35,000 into their mortgage to rehab or improve their home. With this product, homebuyers can ...

Watch List (Nov. 30-Dec. 6): Bleak Forecasts (CoStar Group)
3 Dec 2008 at 12:00pm
In this week's issue: You know there is a problem when... Another blow to the faltering 1031 real estate business. S&P pulls the 'trigger on YRC Worldwide. Shrinking GE Capital. Seismic liquidity shocks. LaSalle Hotel cuts outlook. Don't blame...

With a little help from Congress, homeowners could come to their own rescue (...
2 Dec 2008 at 10:03am
Congress should change the rules and let homeowners break into their retirement funds.

Mortgage rates drop in wake of Fed's latest move to bolster economy (Austin A...
28 Nov 2008 at 2:20pm
Mortgage rates plunged the most in at least seven years late Tuesday, as a Federal Reserve pledge to buy $600 billion of debt succeeded where seven cuts in the central bank's benchmark interest rate had failed.

Mortgage brokers seeing more refinancing (WRAL.com Raleigh)
26 Nov 2008 at 3:41pm
A sudden drop in mortgage rates is driving a lot of business to brokers – with many doing the most deals of the year.

Chris Griffith: Are banks still lending money to buy homes? (Naples Daily News)
28 Nov 2008 at 10:02am
Throughout Southwest Florida home sellers have been waiting it out. They’re waiting for buyers, waiting for prices to go up and they’re waiting for something to happen that is going to make their home sell.

Latest Fed bailout brings down mortgage rates (Providence Business News)
26 Nov 2008 at 2:46pm
MORTGAGE DEBT – a target of the new Fed proposal – also would have been purchased by the federal government under the Emergency Economic Stabilization Act of 2008, as initially envisioned by U.S. Treasury Secretary Henry M. Paulson Jr. Above, Paulson, right, meets yesterday with Timothy F. Geithner, left, the Fed Bank of New York president and Treasury secretary nominee.

Home foreclosures on the rise in Franklin County (Chambersburg Public Opinion)
24 Nov 2008 at 9:51pm
The national housing downturn has touched Franklin County. Home foreclosures are up. The number of properties listed for sheriff's sale has doubled. The median sale price of a house declined 3 percent. Sales are flagging.

Federal regulators shut 2 California thrifts (Kane County Chronicle)
27 Nov 2008 at 11:01pm
WASHINGTON – Federal regulators on Friday shut down two big thrifts based in Southern California, saying they fell victim to the acute distress in the housing market in that state.


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