Bad credit? Take a look at golden oldie, FHA
With the subprime mortgage industry in virtual free fall, where do homebuyers with less than perfect credit turn for financing? The news reports are...
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Scary math: More homes, fewer buyers
Subprime lenders are already getting crushed - but the impact rising mortgage delinquencies will have on home prices overall is still an open question.
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MBA Urges Regulatory Restraint as Delinquency and Foreclosures Rise
The Mortgage Bankers Association (MBA) quarterly delinquencyreport is jammed full of information reported from dozens ofdifferent perspectives - all loans, prime, subprime, government guaranteedand not, national, regional, and by state, and by several differentcategories of delinquency. The information is important (witness the
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National Foreclosures Increase 27 Percent in January
A total of 103,540 properties nationwide entered some stage of foreclosure in January, a 27 percent increase from the previous month and a 45 percent increase from January 2005.
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NAR Pledges Support for Comprehensive Approach to Address Natural Disasters
RISMEDIA, March 23, 2007-National Association of Realtors President Pat Vredevoogd Combs pledged in a letter to Senators Bill Nelson (D-Fla.) and Mel Martinez (R-Fla.) to help Congress craft a national natural disaster plan that would include accessible and affordable insurance, improved preparedness and thorough planning for recovery efforts."Congress must adopt a comprehensive approach to natural disaster [...]
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Stocks Open Flat Ahead Of Housing Report
NEW YORK Stocks tried to carve out modest gains Friday after a surprise jump in sales of existing homes last month lent strength to the growing notion that the housing sector may not be as weak as feared.
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KB Home’s Profit Tumbles 84% Despite Lower Cancellation Rate
The home builder expects poor housing market conditions for 'at least' the rest of the year, reducing its earnings outlook. Negative factors include the rise in delinquency and foreclosure rates, the company's president and chief executive said.
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Breaking Ground: AtlanticA
A new oceanfront resort and residential development in the Dominican Republic.
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Million-Dollar Homes in Foreclosure?
Contrary to popular opinion, it??™s not just run-down homes in poor neighborhoods that are vulnerable to foreclosure. RealtyTrac??™s national foreclosure database featured a number of million-dollar homes in some stage of foreclosure in July.
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U.S. Housing Starts Jump 9% But Permits for Future Drop
Last month, new-home construction rose much higher than expected, but building permits fell, indicating more problems ahead for the U.S. housing industry.
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