A combination of record low mortgage interest rates, affordable home prices, and the first-time homebuyer tax credit have created a buyers's market, resulting in a double-digit jump in October home sales in Illinois.
Read More »Former Owner of Real Estate Investment Company Pleads Guilty to Mortgage Fraud
On Thursday in the United States District Court, Kevin M. O'Connell of Albany, New York, pled guilty to one-count information charging him with the felony offense of laundering of monetary instruments in connection with his role in a mortgage fraud scheme which defrauded financial institutions and mortgage lenders of over $5.
Read More »First-Time Buyers Drive Housing Market in October
According to the recent Campbell/Inside Mortgage Finance Monthly Survey of Real Estate Market Conditions, first-time homebuyers were responsible for a surge in sales in October, but some real estate agent survey respondents are doubtful that this trend will continue.
Read More »Regional Forum Aims to Make Homeownership Possible
Being a homeowner isn't easy. According to a recent survey by the National Association of Realtors (NAR), 47 percent of Americans say paying their rent or mortgage is a financial strain. This, the study said, is especially true for many low to moderate-income earners who live in high-cost areas.
Read More »Partnership Announced Between NAR and DocuSign
In an effort to deliver electronic signature services to its members, the National Association of Realtors (NAR) announced Thursday its partnership with DocuSign, a provider of on-demand electronic signature solutions.
Read More »HUD Gives NeighborWorks America More than $4.8
Because of NeighborWorks America, nearly 1.2 million low to moderate-income families have been assisted with their housing needs.
Read More »Freddie Mac Provides Encouragement to Ohio Coalition Against Loan Modification Fraud
The recent launch of the Loan Modification Scam Alert campaign in Columbus, Ohio by a coalition of federal agencies and non-profit organizations found welcomed support by Freddie Mac.
Read More »Freddie Mac Predicts Modest Housing Recovery
In the November 2009 economic outlook, Freddie Mac forecast a modest housing market recovery in the next year.
Read More »Commercial Real Estate Faces Indeterminate Future
Vacancy rates are up. Rent prices are down. Credit availability remains unknown.
Read More »The Warren Group Releases Data on Massachusetts Foreclosure Rates
Statistics regarding foreclosures in Massachusetts for the months of October were a mixed bag of news, according to Timothy M. Warren Jr., CEO of The Warren Group.
Read More »