While some say new mortgage rules scheduled to take effect on Jan. 10 could crimp lending, the rules are key to building private investors’ confidence in the secondary market, according to a white paper released today by real estate data and technology firm CoreLogic. “Setting the rules and boundaries for consumer mortgage loans is one of the…Read More »
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New mortgage rules may crimp lending, but should build investor trust
November 1st, 201314 Things to Consider Before Buying a Home
October 21st, 2013When you’re buying a home, it’s easy to let emotions get in the way of reality. “Sometimes we want something so badly, we’re not willing to ask all the questions we should,” says Leslie Levine, author of “Will This Place Ever Feel Like Home?” To make sure your dream home isn’t a mirage, follow these…Read More »
Government shutdown won’t shut down FHA
October 1st, 2013Despite reports to the contrary, the Federal Housing Administration will not stop processing loan applications in the event of a government shutdown at midnight tonight. In what appears to be a reversal of an earlier position stated last week, the U.S. Department of Housing and Urban Development (HUD)’s Office of Single Family Housing will continue…Read More »
You can do it !!
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Mortgage fraud risk declines, but more dollars at stake
September 29th, 2013Although the risk of mortgage fraud is declining, an increase in mortgage applications due to the rebounding housing market means more dollars are at stake for lenders, according to a quarterly report from real estate information and technology firm CoreLogic. Fraud risk among U.S. mortgage applications fell 5.6 percent year over year in the second…Read More »
A 20-year legal battle over a water management district’s condition for development is over — sort of.
September 27th, 2013Early in her legal career, working for her father’s property rights law firm in south Florida, Amy Brigham Boulris took an interest in “exactions” — cases in which jurisdictions impose conditions on landowners before development can occur. For years, she closely followed the case of Coy A. Koontz, a Florida businessman who purchased 15 mostly…Read More »
Cash sales’ share of total purchases skyrockets by nearly a third in 2 months
September 26th, 2013All-cash home sales skyrocketed during the summer of 2013, with their share of total sales growing by close to a third from June to August amid sustained appetite from investors, a recent spike in interest rates and tight inventory. Cash purchases’ share of total sales leaped to 45 percent in August from 39 percent in…Read More »
Orlando is nation’s fifth ‘booming’ housing market
September 20th, 2013No. 10: Portland home prices increased 14 percent year-over-year to $270,000. Highest-rated public school: Lake Oswego School District 7J/School Score 9.6 Sure, the weather’s great and we’ve got plenty of activities for princesses and wizards, but economic development officials and professionals often speak highly of Central Florida’s schools. And now, a new ZipRealty report…Read More »
Borrowing to the Max for a Home
September 18th, 2013Q. I am planning on buying a condominium and I can afford to pay as much as half of it with cash. But with mortgage rates going up nearly every week, should I get the largest loan that I can qualify for now? I know I won’t be able to borrow at these relatively low…Read More »
Claim energy efficiency tax credit for homeowners before it’s gone
September 16th, 2013The federal government wants to encourage homeowners to make their homes as energy efficient as possible. To do so, back in 2005 Congress enacted a tax credit for “nonbusiness energy property.” This was a tax credit (subject to a $500 lifetime cap) for certain energy efficiency improvements to a taxpayer’s existing principal residence. The…Read More »
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