Today’s Real Estate News 5-10-2011

10 May

In your business, have you found that you can get by successfully without a traditional website?  If so, what tool(s) have you used that worked well for you?  Send me an email, write a comment below, or tell me what you think on our Facebook page!!/stewarttitlespokane

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

Reports of Mortgage Fraud Reach Record Level
The Wall Street Journal | May 10, 2011
Reports of mortgage fraud, which have been increasing since the housing boom, rose to their highest level on record in 2010, Treasury Department figures showed.

More Underwater as Home Values Post Sharpest Drop Since 2008: Zillow
DSNews | May 9, 2011
Home values in the United States fell faster in the first quarter of 2011 than they have in any quarter since 2008, when the housing market experienced its worst performance, according to a new report from Zillow.

Consumer Debt Level Ends Two-year Decline
HousingWire | May 9, 2011
Higher mortgage balances pushed total consumer debt up in the first three months of 2011, the first quarterly increase in more than two years, according to the Federal Reserve Bank of New York.

Half of Fannie Mae Mortgages Registered in MERS Name
HousingWire | May 9, 2011
Roughly half of the mortgages owned or guaranteed by Fannie Mae are registered in the Mortgage Electronic Registration Systems name, according to a filing by the government-sponsored enterprise last week.

State Attorneys General in D.C. for Talks on Fund to Aid Homeowners
The Washington Post | May 10, 2011
State attorneys general are descending on Washington again this week for negotiations with federal regulators and the nation’s largest mortgage servicers over the purpose of a multibillion-dollar fund aimed at helping troubled borrowers.

Boehner Demands ‘Trillions’ in Spending Cuts in Exchange for Lifting Debt Ceiling
The Washington Post | May 10, 2011
House Speaker John A. Boehner defined the GOP’s terms for raising the legal limit on government borrowing Monday, demanding that President Obama reduce spending by more than $2 trillion in exchange for an increase big enough to cover the nation’s bills through the end of next year.

A Web Presence Without a Website
The Wall Street Journal | May 10, 2011
If you’re starting a business with limited funds, a flashy company website isn’t a must. For little or no cost, you could put your fledgling enterprise on a third-party site such as a blog-hosting service, social-media outlet, business directory or marketplace.

From the National Association of Realtors®:

Where to Snag the Best Housing Deals
Some of the cities offering the biggest housing discounts have seen average homes fall nearly 45 percent since the 2006 peak.

Builders Rethink Housing Designs
With new-home sales plummeting, builders are scrambling to re-evaluate what buyers today want in new homes.

Anthony Carollo 2007 EMAIL  

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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