by admin | Dec 19, 2008 | News
Financial mogul Sam Zell, beleaguered owner of the Tribune Co. that declared Chapter 11 bankruptcy last week, told an Israeli business conference Sunday that the U.S. real estate market will be in recovery by spring 2009. Zell pointed out that the U.S. population is...
by admin | Dec 19, 2008 | News
NEW YORK – Dec. 19, 2008 – Fannie Mae said Monday it’s finalizing a plan to help renters stay in their homes even if their landlord enters foreclosure. The mortgage giant said it’s working on a national policy to allow renters living in foreclosed properties –...
by admin | Dec 19, 2008 | News
WASHINGTON (AP) – Dec. 19, 2008 – Struggling U.S. homebuilders cut back even more than expected last month, sending the construction of new homes plummeting in November by the largest amount in almost a quarter-century. New home starts fell to a seasonally adjusted...
by admin | Dec 18, 2008 | News
WASHINGTON – Dec. 18, 2008 – Financial industry lobbyists are urging the Treasury Department to take steps to lower mortgage rates and help stabilize the battered U.S. housing market. Under one proposal, Treasury would seek to lower the rate on a 30-year mortgage to...
by admin | Dec 18, 2008 | News
Thirty-year fixed-rate mortgages interest rates fell to their lowest level on record, according to Freddie Mac’s Primary Mortgage Market survey released Dec. 18. The national average interest rate for 30-year fixed-rate mortgages was 5.19 percent for the week ending...
by admin | Dec 3, 2008 | News
TALLAHASSEE, Fla. – Dec. 3, 2008 – Florida’s bankers and credit unions announced Monday that they’d suspend foreclosing on homeowners for the next 45 days. Gov. Charlie Crist called a press conference to announce the halt in foreclosures, but neither he nor the...
