HUD Creates New Lending Division

RISMEDIA, July 13, 2007??”In order to ensure equality in today’s lending and overall housing market environment, the U.S. Department of Housing and Urban Development’s Office of Fair Housing and Equal Opportunity (FHEO) announced that it is creating a new Fair Lending Division that will review mortgage lending practices throughout the nation. HUD has hired [...]

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Real estate investors turn focus overseas - Chicago Tribune

Real estate investors turn focus overseas
Chicago Tribune, United States -32 minutes ago
By Jeff D. Opdyke Investing in real estate once meant owning rental property downtown or buying shares in a US-based real estate investment trust. ...

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Real Estates Top End is Moving Fast, Lower and Average Homes Not Selling Well

This just makes sense. The lower end and average homes are the ones that are stuck while the top end of the market is doing very well according to a New York Times article. Think about it, if you are buying in the top end of the market, odds are you are not stressing about getting [...]

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If you're lonely, you can call a real estate agent - Winnipeg Sun

If you're lonely, you can call a real estate agent
Winnipeg Sun, Canada -4 hours ago
People consistently tell me real estate is a great investment and I should "get in on it," and other things of this nature that I don't really understand. ...

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Home prices expected to rebound in 2008

The prices of existing and new homes are expected to bounce back next year after a dreary 2007, a real estate trade group said Wednesday.

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HUD Releases Tips for Avoiding Foreclosure

RISMEDIA, July 13, 2007??”The U.S. Department of Housing and Urban Development (HUD) released its top 10 tips for homeowners who are facing foreclosure.“These guidelines will assist homeowners who are struggling to pay their mortgage and could be threatened with foreclosure,” said HUD Secretary Alphonso Jackson. “We want to encourage homeowners to take action and [...]

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Countrywide sued for racial bias in mortgage loans (Reuters)

Reuters - Four black homeowners sued Countrywide Financial Corp. on Thursday, accusing the largest U.S. mortgage lender of racial discrimination in its lending practices.

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NAR PULSE: Realtors Raise Walls on Habitat Home for Las Vegas Family

RISMEDIA, July 13, 2007??”Saturday, June 30 was a special day for the Parker family of Las Vegas; it was the day the National Association of Realtors raised the walls of their new Habitat for Humanity home at 1933 Gregory Street.For more information, visit http://www.realtor.org/press_room/news_releases/2007/realtors_raise__wall_las_vegas.htmlRISMedia welcomes your questions and comments. Send your e-mail to: realestatemagazinefeedback@rismedia.com.

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Fitch Sees Rising Shakiness In Commercial Mortgage Arena

Defaults on loans backing commercial mortgage-backed securities could soon begin to rise, a credit-rating company warned.

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Cyberhomes Sneaks Into the Big Time

Inman News Blog has the news that Fidelity’s Cyberhomes has signed a deal with AOL Real Estate to power all of its home valuations. This is a big win for Cyberhomes, which has been steadily and stealthily rolling out new features and signing up brokers to get access to their listing feeds (most recently with [...]

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