See the new government program article at the end of the newsletter. Do you feel the federal programs introduced so far have been effective in helping homeowners stay in their homes? I love the feedback on my blog!
Today’s news that may be of interest to you:
Foreign investors flush with cash stabilize Fla. home prices, hurt mortgage lending
Housingwire | June 29, 2011
Some signs of stabilization in Florida home prices surfaced last month as foreign investors flooded the market with cash to buy properties, a new report from FBR Capital Markets said.
Despite Fears, Owning Home Retains Allure, Poll Shows
The New York Times | June 29, 2011
Owning a house remains central to Americans’ sense of well-being, even as many doubt their home is a good investment after a punishing recession.
Smaller Businesses Seeking Loans Still Come Up Empty
The Wall Street Journal | June 30, 2011
Small businesses expected 2011 to be the moment a years-long credit freeze would finally begin to thaw. But borrowing has only gotten worse.
QE2: Fed Bond Purchases End, Leaving Mixed Legacy as Economic Recovery Lags
The Washington Post | June 30, 2011
The Fed’s much-debated effort to boost the economy by buying $600 billion in bonds ends Thursday.
Fannie Mae Silence on Taylor Bean Mortgages Opened Way to $3 Billion Fraud
Bloomberg | June 30, 2011
The first sign of what would ultimately become a $3 billion fraud surfaced Jan. 11, 2000, when Fannie Mae executive Samuel Smith discovered Taylor, Bean & Whitaker Mortgage Corp. sold him a loan owned by someone else.
Housing Market Turning Around in Several Rural States
USA Today | June 29, 2011
The housing market is hurting nationally, but it appears to be marching toward recovery in a handful of mostly rural states, economic forecasters say.
More Money for Struggling Homeowners
SmartMoney.com | June 29, 2011
For the roughly four million homeowners who have fallen behind on their mortgage payments, the federal government is offering yet another remedy: free money to catch up on their loans.
Anthony V. Carollo / President
Stewart Title of Spokane
606 W. 3rd Ave.
Spokane, WA 99201
Direct Line: 509.321.3939
Direct Fax: 866.652.8834
Please remember to choose Stewart Title of Spokane on your next transaction!