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Archives: June 2010
Housing Crisis Likely to Drag Down Credit Scores
RISMEDIA, June 30, 2010—(MCT)—For countless Americans struggling to make their mortgage payments, the problems have just begun. Although a loan modification or foreclosure might allow them to put their housing problems behind them, millions will be dogged for years by … Read more
June 29, 2010 Posted in Home Improvement
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Housing Crisis Likely to Drag Down Credit Scores
RISMEDIA, June 30, 2010—(MCT)—For countless Americans struggling to make their mortgage payments, the problems have just begun. Although a loan modification or foreclosure might allow them to put their housing problems behind them, millions will be dogged for years by … Read more
June 29, 2010 Posted in Real Estate
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Florida’s Existing Home, Condo Sales Rise in May 2010
Sales of existing homes in Florida rose 18% in May 2010, marking 21 months that sales activity has increased in the year-to-year comparison, according to the latest housing data released by Florida Realtors. A total of 16,745 single-family existing homes … Read more
June 27, 2010 Posted in Real Estate
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Homes Shrink as Market Sinks
RISMEDIA, June 26, 2010—(MCT)—When the going gets tough, the houses get smaller. Or at least that’s what data from the U.S. Census Bureau are suggesting. The average size of a new single-family house shrank significantly from 2008 to 2009, the … Read more
June 27, 2010 Posted in Home Improvement
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Fannie Mae Getting Tough on Home ‘Walkaways’
RISMEDIA, June 25, 2010—(MCT)—Taking aim at homeowners who are able to pay their mortgage but decide it’s not worth it, Fannie Mae plans to go after them in court and to limit their access to home loans for seven years. … Read more
June 24, 2010 Posted in Real Estate
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Obama Administration Approves State Plans for Use of 1.5 Billion Dollars in ‘Hardest Hit Fund’ Foreclosure-Prevention Funding
RISMEDIA, June 24, 2010—State Housing Finance Agencies (HFAs) in Arizona, California, Florida, Michigan and Nevada can begin to use .5 billion in “Hardest Hit Fund” foreclosure-prevention funding under plans approved recently by the Obama Administration. This aid will support innovative … Read more
June 24, 2010 Posted in Home Improvement
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