Today’s news that may be of interest to you:
Calculating the Ooomph From Big Government Refi Effort
The Wall Street Journal | September 7, 2011
How much economic oomph would be produced by a big federal government push to refinance mortgages for borrowers who can’t refinance because their incomes are too low or because their mortgages are bigger than the shrunken value of their homes or because the fees are prohibitive?
Consumer Bureau Reaches Out to Military Families
The New York Times | September 7, 2011
After the financial crisis of 2008, regulators found that military families were proving to be particularly vulnerable to financial rip-offs. Abusive mortgage practices, deceptive car loans, unscrupulous lenders and sellers of all kinds of financial products have caused headaches for many military families, particularly those with service members abroad.
Fed Policy Makers Prepare for Action This Month
Bloomberg | September 8, 2011
Federal Reserve policy makers are laying the groundwork for further action at this month’s meeting, warning that U.S. economic growth could stall, producing lasting stagnation in the job market.
From the National Association of Realtors®:
A Sweet Spot in Real Estate
It’s not all doom and gloom in the real estate market these days. Here’s where buyers can cash in.
Will Banks Tighten Lending Even More?
Banks are facing increasing regulations and mounting legal trouble, which some say may constrict lending even more.
Drop in Loan Limits Has Many Concerned
The drop in conforming loan limits on government-backed mortgages is approaching, and some critics say it will throw another wrench into the housing recovery if lawmakers don’t act quickly.
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
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