Today’s Real Estate News 3-7-2011

07 Mar

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

US Treasury to Congressional Panel: TARP Worked
Reuters | March 5, 2011
The U.S. Treasury’s man in charge of the government’s $700 billion financial bailout program has two words for congressional overseers: It worked.

FHA Powers What’s Left of the Home Market
The Wall Street Journal | March 6, 2011
As one of the few backers of low-down-payment mortgages in a time of stringent lender underwriting, the Federal Housing Administration has become a primary means of financing for U.S. home buyers.

S&P: Foreclosures Take Twice as Long in Judicial States
HousingWire | March 5, 2011
Lenders need 13 months on average to foreclose in a judicial state, more than twice the six months it takes in a nonjudicial state, according to research from Standard & Poor’s.

COP Delivers Mixed Verdict on TARP in Final Hearing
HousingWire | March 5, 2011
The Congressional Oversight Panel held its final hearing on the Troubled Asset Relief Program Friday with mixed results. While COP roundly agrees that the bailout funding did effectively rescue many of the country’s financial institutions, at the same time it underserves smaller banks and the taxpayers who fund it.

Banks Receive Proposal That Could Make Write-Downs Mandatory
DSNews | March 4, 2011
Banks received the much awaited proposal that many speculated would detail the potential ramifications for their part in the foreclosure and robo-signing mess.

Fed Unlikely to Remove Its Economic Stimulus Just Yet
The Wall Street Journal | March 7, 2011
Federal Reserve officials have grown more confident that a self-sustaining economic recovery is taking root in the U.S., but they want to see more evidence before they seriously consider how and when to pull back the enormous amounts of stimulus they pumped into the financial system.

From the National Association of Realtors®:

WordPress Hit by Massive Virus
Thousands of blogs were inaccessible for several hours Thursday as the popular blogging platform experienced the biggest attack it’s ever seen.

Anthony Carollo 2007 EMAIL  

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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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