Today’s Real Estate News 9-21-2010

21 Sep

Today’s news that may be of interest to you:

FHA Insured 37% of Mortgage Originations in 2009
Housing Wire | September 21, 2010
Mortgages insured by the Federal Housing Administration accounted for 37% of all originations in 2009, up from 26% in 2008 and 7% in 2007, according to the Federal Financial Institutions Examination Council.

Fannie Mae Urges early Tightening of Mortgage Delivery Requirements
Housing Wire | September 20, 2010
Fannie Mae officials are urging mortgage lenders start implementing new processes to ensure their loans meet the 400 or so eligibility criteria before federal mandates take effect around this time next year.

Banking Group Spent $400,000 Lobbying
BusinessWeek | September 20, 2010
The Consumer Bankers Association, which focuses on retail banking, spent $400,000 lobbying the federal government in the second quarter about credit card regulations and other issues, according to a disclosure report.

Servicers: Sometimes Leasing Makes Sense
Housing Wire | September 20, 2010
As inventory increases, servicers are seeing themselves more and more in the role of landlord, according to panelists in a discussion, “From Lender to Landlord,” at this week’s Five Star default servicing conference in Dallas .

Housing Group Applauds Warren Appointment
Inman News | September 21, 2010
A slew of public advocacy groups, including the National Fair Housing Alliance, applauded President Obama’s appointment of Harvard Law professor Elizabeth Warren to lead a new consumer protection agency Friday.

Real Estate Bubble-Bursting Prediction Nobel Win?
ABC News | September 21, 2010
After zooming up impossibly fast, making homeowners millionaires in just a few years, real estate prices crashed in a classic bubble. The shock caused credit markets to freeze and banks to stop lending.

One Year of First Look: Fannie Mae Sells 29,000 REOs to Owner Occupants
Housing Wire | September 21, 2010
A year into its First Look program, Fannie Mae vendors have sold 29,000 REO properties to owner-occupants and 5,000 to public entities under the Neighborhood Stabilization Program.

Obama Answers Skeptics After Recession is Declared Officially Over
The Washington Post | September 20, 2010
On the day that the Great Recession was officially declared to be part of history, President Obama confronted deepening angst from business leaders and ordinary Americans who have little faith that the recovery is for real.

Commercial Real Estate Prices Near Recession Low in July
Housing Wire | September 20, 2010
Commercial real estate prices dropped another 3.1% in July, the second-straight month of declines and only 0.9% above the recession low in October 2009, according to the credit rating agency Moody’s Investment Services.

Freddie Expects Technology to Enhance Lender Confidence in Mortgage Data
Housing Wire | September 20, 2010
Freddie Mac operations executives expect new technologies and processes to increase lender confidence in loan-data quality, reduce time and costs, and offer a more-flexible data architecture.

Obama: Housing Market Faces ‘Tough Decisions’
The Wall Street Journal | September 21, 2010
President Obama was asked today at a town hall-style meeting on CNBC whether he would consider a payroll tax holiday, but the question led to an interesting exchange on housing policy.

Anthony V. Carollo / President
Stewart Title of Spokane
606 W. 3rd Ave.
Spokane , WA   99201
Telephone: 509.328.7171
Direct Line: 509.321.3939
Direct Fax: 866.652.8834

Please remember to choose Stewart Title of Spokane on your next transaction!




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