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Today’s Real Estate News 7-20-2011

20 Jul

I need some help from my awesome friends. At Stewart Title Spokane we’re looking for some title or escrow horror stories (no names please -john doe, brand x, etc. is sufficient). Using those, we thought we may be able share what we think could have been done to solve (or to prevent) the problem. So send your best stories to acarollo@stewart.com, and we’ll use what we can!

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

Mortgage Lending the Old-Fashioned Way
The Washington Post | July 19, 2011
James Didden’s bank has never sold a mortgage. Not to Fannie Mae or Freddie Mac. Not as part of a federally insured package. And definitely not to Wall Street.  (A great story about a community bank, and community banks in general. ~Anthony)

In June, Fewer For-Sale Signs on Homes
The Wall Street Journal | July 19, 2011
The number of homes listed for sale in June eased slightly from May and was down by nearly 16% from one year earlier.

Searching for Parents in the Housing Market
The Wall Street Journal | July 19, 2011
There are an endless number of questions about the housing market these days. But one is easily overlooked: Where have all the new moms gone?

Mortgage Applications See Biggest Increase in 4 Months
Reuters | July 20, 2011
Applications for home mortgages surged last week, racking up the biggest increase in four months on a flood of refinancing demand as interest rates remained low, an industry group said on Wednesday.

U.S. Risk Rule Could Raise Mortgage Costs: Study
Reuters | July 19, 2011
New rules under consideration by U.S. regulators could raise mortgage rates and reduce loan availability as the direct cost of making the home finance system safer, a government report said on Tuesday.

More Firms Bet on Incoming Wave of REO
HousingWire | July 19, 2011
The past few weeks of acquisitions and deals among REO asset managers shows more bets are being made that a long-awaited supply of these properties may finally be hitting the market.

Survey Uncovers “Optimism” Among Counseled Distressed Homeowners
DSNews.com | July 19, 2011
A number of government and industry studies indicate housing counseling increases the odds a distressed borrower will receive a loan modification or workout plan, and in many cases, counseling brings with it better, more sustainable terms.

Freddie Mac: Double-Dip Less Likely
TheMReport.com | July 19, 2011
On Monday mortgage giant Freddie Mac published its monthly Economic and Housing Market Outlook, revealing a recovery in the rental sector and diminishing possibilities for a double-dip recession, with home sales expected to rise above the same for last year by as much as 3 to 5 percent.

From the National Association of Realtors®:

Top 6 Real Estate iPhone, iPad, and Android Apps
Real estate mobile apps continue to grow in popularity and selection. So which real estate mobile apps rank the highest? Inman News releases a special report.

Move Inc. Acquires SocialBios
Move Inc., the operator of Realtor.com, has acquired a social search platform that will help real estate professionals aggregate all of their disparate social networking profiles onto one page.

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
acarollo@stewart.com

 

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

 

www.StewartSpokane.com

 

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