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As Rates Fall, Mortgage Applications Jump During March 2009

For the second straight week, mortgage applications rose significantly in response to the government’s efforts to stabilize housing and the economy. The Mortgage Bankers Association’s week index reached 1159.4, an increase of 32.2 percent on a seasonally adjusted...

Obama Mortgage Relief May Help Homeowners by April

WASHINGTON – Feb. 27, 2009 – Against a backdrop of record-low new home sales, Housing Secretary Shaun Donovan told lawmakers the lending industry is set to launch the Obama administration’s $75 billion foreclosure prevention program next week. Final details will be...

Florida’s Existing Home and Condo Sales Rise in Jan 2009

ORLANDO, Fla. – Feb. 27, 2009 – Florida’s existing home sales rose in January, making it the fifth month in a row that sales activity showed increases in the year-to-year comparison, according to the latest housing data released by the Florida Association of Realtors®...

Scammers Target Troubled Borrowers

Scam artists are proliferating, attempting to make money off troubled borrowers interested in taking advantage of President Barack Obama’s foreclosure-prevention plan. The firms charge fees for what they tell borrowers will be quick and effective negotiations with...

First Time Home Buyers Drive February 2009 Sales

Existing-home sales increased in February, reversing losses in January, according to the latest report by the NATIONAL ASSOCIATION OF REALTORS®. However, sales activity remains relatively soft, reflecting additional layoffs and buyers waiting for housing provisions in...