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Today’s Real Estate News 9-12-2011

12 Sep

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

More ‘Underwater’ Borrowers Could Be Eligible for Lower Interest Rates
Los Angeles Times | September 11, 2011
The government regulator in charge of the nation’s two biggest mortgage financers, Fannie Mae and Freddie Mac, is considering loosening restrictions that would allow more American homeowners to refinance their mortgages into historically low rates.

Analysts See Vague Housing Direction from Obama Administration
HousingWire | September 9, 2011
Moody’s Analytics Chief Economist Mark Zandi said President Obama’s jobs plan has the potential to “stabilize confidence” in the economy, but is missing one critical element: a focus on housing.

HUD: Refinancing Proposal Removes Put-Back Risk
HousingWire | September 9, 2011
Shaun Donovan, secretary of the Department of Housing and Urban Development, said a federally induced refinancing program for mortgages held by Fannie Mae and Freddie Mac would remove some of the legal and financial issues preventing underwater borrowers from reworking their loan.

 

From the National Association of Realtors®:

Where Home Prices Have Dropped the Most
Zillow releases findings from a recent study that shows which cities have seen their home values drop by the largest amount since the housing boom.

Mortgage Rates Dip, Reaching Another Record Low
For the second time in a month, rates hit new all-time record lows.

Obama Announces Mortgage Refinancing Plan
During Thursday’s speech to a joint session of Congress, President Obama vowed to help more underwater home owners refinance their mortgages.

 

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

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