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February 26, 2010

Fannie to U.S.: We need another $15.3 billion

Battered by the housing crisis, mortgage finance company Fannie Mae said Friday that it needs another $15.3 billion in bailout money from the federal government.img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/J6cESxSze_I" height="1" width="1"/
Home mortgage rates and real estate news - CNNMoney.com
Filed under: News — John @ 7:36 pm

Existing home sales drop

Sales of existing homes unexpectedly fell in January, according to an industry report published Friday.img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/r9Lyevl1DfM" height="1" width="1"/
Home mortgage rates and real estate news - CNNMoney.com
Filed under: News — John @ 12:41 pm

February 25, 2010

Duck! Watch out for falling home prices

Despite signs that the real estate market might be lurching forward, prices are expected to fall further this year.img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/VMc2dnTuCjQ" height="1" width="1"/
Home mortgage rates and real estate news - CNNMoney.com
Filed under: News — John @ 11:09 am

February 24, 2010

Mortgage servicers offer aid plan for jobless

The Mortgage Bankers Association proposed a forbearance program Wednesday aimed at helping the unemployed pay their mortgages for up to nine months.img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/jxCNThvxMv4" height="1" width="1"/
Home mortgage rates and real estate news - CNNMoney.com
Filed under: News — John @ 9:38 pm

New home sales fall to a record low

Sales of new homes plunged in January to the lowest level on record, government figures showed Wednesday.img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/wuatysMSfJo" height="1" width="1"/
Home mortgage rates and real estate news - CNNMoney.com
Filed under: News — John @ 1:41 pm

Nearly 25% of all mortgages are underwater

More bad news on the housing bust front: Nearly 25% of all mortgage borrowers were underwater, meaning they more on their loans than their homes are worth.img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/8hmx4txw6Ak" height="1" width="1"/
Home mortgage rates and real estate news - CNNMoney.com
Filed under: News — John @ 9:14 am

February 23, 2010

Home prices fall another 2.5%

Home prices fell just 2.5% during the last three month of 2009 compared with the fourth quarter of 2008, according to a closely watched gauge of home price movement. That was a big improvement over the past three years.img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/q2jk95lhn1M" height="1" width="1"/
Home mortgage rates and real estate news - CNNMoney.com
Filed under: News — John @ 1:59 pm

February 22, 2010

The boy who cried housing recovery!

Lowe's reported a better-than-expected profit for the fourth quarter on Monday, and the nation's second-largest home-improvement retailer indicated that 2010 would be a better year for the housing market.img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/VhKtHsvL75w" height="1" width="1"/
Home mortgage rates and real estate news - CNNMoney.com
Filed under: News — John @ 1:45 pm

February 19, 2010

$1.5 billion in housing help coming to 5 states

Under pressure to do more for troubled homeowners, President Obama is expected to announce on Friday a $1.5 billion program to help borrowers in the five states hit hardest by the housing crisis.img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/E2E9QjeYI8k" height="1" width="1"/
Home mortgage rates and real estate news - CNNMoney.com
Filed under: News — John @ 7:26 pm

Late FHA loans spike 62%

The recent spike in the number of delinquent Federal Housing Administration-insured loans has some people worried that taxpayers will eventually have to bail the agency out.img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/-gvOcTOcd80" height="1" width="1"/
Home mortgage rates and real estate news - CNNMoney.com
Filed under: News — John @ 5:50 pm
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