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Today’s Real Estate News 3-11-2011

11 Mar

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

Bills Ending Foreclosure Programs ‘Dead On Arrival’ in Senate
HousingWire | March 10, 2011
Four House of Representative bills aiming to end Federal foreclosure prevention and mortgage assistance are essentially “dead on arrival,” according to a source within one Senator’s office.

Mortgage Brokers Challenge New Compensation Rules
Inman News | March 10, 2011
Two groups representing mortgage brokers and other real estate industry professionals have filed suit against federal regulators over new rules governing loan officer compensation that are scheduled to take effect April 1.

Home Prices Down for Sixth Straight Month: CoreLogic
HousingWire | March 10, 2011
Home prices fell 5.7% in January from one year ago, the sixth straight month of declines, according to the CoreLogic Home Price Index.

House Votes to Terminate FHA’s Short Refi Program
DSNews | March 11, 2010
The U.S. House of Representatives has passed legislation to end the Federal Housing Administration’s (FHA) Short Refi Program aimed at helping homeowners who owe more on the mortgage than their home is worth obtain a new FHA-insured loan with a reduced principal.

From the National Association of Realtors®:

Foreclosures Post Biggest Drop on Record
The number of foreclosure notices filed in February dropped 27 percent compared to last February, the largest year-over-year drop ever recorded, RealtyTrac reports. Is this a sign the foreclosure crisis could finally be winding down?

Poll Finds ‘Half-Full’ Housing Outlook
A survey of potential home buyers and sellers shows optimism for the future of housing.

Zillow Provides Zestimates for Rentals
Zillow.com is adding a new feature to its site that will estimate monthly rents for about 90 million homes or apartments, regardless if they’re available to rent or not.

Many Buyers Lack Credit Score Knowledge
Buyers who don’t fully understand credit scores, particularly how to boost them, may be hurting their chances to secure a home loan at the best rate.

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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
acarollo@stewart.com

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

www.StewartSpokane.com

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