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Housing News Update: November 9, 2009 November 9, 2009

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Housing News: November 2, 2009 November 2, 2009

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Housing News: October 29, 2009 October 29, 2009

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The ups and downs of the real estate market…always keeps us in suspense..please read on…








Housing News: October 28, 2009 October 28, 2009

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We take a “closer” look on real estate and mortgage news!


Housing News: October 27, 2009 October 27, 2009

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Housing News: October 26, 2009 October 26, 2009

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Posted by John Watch in News Feed: Tags:housing market,property data,public records, real estate news







Housing News: 10/15/09 October 15, 2009

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For statistical reports on property data from public records and property valuation click here.

Chances Are, Most HAMP Mods Won’t Work: Amherst

Housing in Crisis

Will the Groundhog See a Shadow Housing Inventory?

Square Footage and Median Price Differentials

Foreclosure up 5 percent from summer to fall

Real Estate Bulls and Bears

Fed Can’t Be Blamed For Financial Crisis

Mortgage Assistance Program for Homeowners

Concerns About the Tone of the Market’s Current Advance

Real Estate is: Cyclical, Seasonal and Emotional

Seriously Folks, the Housing Bubble is Back

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TARP or CARP? Are Taxpayers Getting A Fair Deal? October 14, 2009

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TARP or CARP? We hope that TARP’s money is being used wisely in the mortgage sector. According to this Reuters article, 33 TARP recipients missed a dividend payment last month. This includes 15 banks and thrifts who missed a May 15 dividend payment, with 18 more missing a payment for the first time.  

Soruce: blogs.reuters.com

Out of the 33 banks in question, 11 are in California, one of the worst states affected by the financial and housing crisis. The largest company to miss the dividend payment is the New York based CIT Group Inc. ($71.02 billion)

While the TARP program allows a maximum of six payments to be missed before action is taken, it’s ironic that many of these same banks make an incredible amount of money on overdrafts, late and missed payment fees.

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Housing News: 10/14/09 October 14, 2009

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For statistical reports on poperty data and public records, click here

Push on to expand $8,000 tax credit

Unemployment to remain high for years

Housing in Crisis

No shame in walking away from mortgage

Bulls and Bears of Real Estate

Tilson: Housing “Recovery” is Still the Mother of all Head Fakes

Mortgage Assistance Program for Homeowners

33 banks and thrifts skip August TARP dividend payment

Square Footage and Median Price Differentials

Obama Administration releases new data on Making Home Affordable Program

Help from Fannie and Freddie for Foreclosed Homes

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The Battle in Loan Modification October 13, 2009

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Since the beginning of the year, the Making Home Affordable Program and programs alike have been met with both progressive support and glaring criticism. Supporters believe that the loan-mod programs are ebbing the tide of mounting foreclosures, while critics question the success rate and amount of effort pur forth by banks in these programs. What is certain is that Mortgage Assistance Programs are vital to a recovery in the economy and the housing market. Real estate is Cylclical, Seasonal and Emotional.

 An example of promise is the recent news of the HAMP program achieving 500,000 loan-mods ahead of schedule. Increased pressure has forced banks to speedily follow through with loan-mods with the Administration issuing progress reports periodically. Also, news of banks getting better at processing foreclosures is the silver lining in an otherwise dark cloud.

However, criticism about these programs is mounting; some banks are far behind on the amount of mortgage relief being provided while some borrowers face default even after mortgage assistance. Slow turnaround of paperwork by banks is one of the criticisms about these programs.

With foreclosures mounting and unemployment on the rise, the final outcome on these programs is yet to be seen.

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