Today’s Real Estate News 9-15-2011

15 Sep

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

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Housing Market May Be Better Off Left Alone: Economists
CNBC | September 14, 2011
President Obama’s proposal to expand access to mortgage refinancing has reignited a debate about the appropriate role for government in supporting the housing market.

Disaster Relief Could Complicate Short-Term Funding Measure
The Washington Post | September 14, 2011
House Republicans late Wednesday introduced a short-term funding measure to keep the government running through mid-November. It appears designed to avoid the threat of a bitter partisan battle that could lead to a shutdown.

Senate Hears Hidden Risks of Major Refinancing Plan
HousingWire | September 14, 2011
As the Obama administration works to construct a plan to refinance millions of underwater borrowers into lower-rate mortgages, a Senate subcommittee heard the hidden risks and difficulties of building such a program Wednesday.

From the National Association of Realtors®:

Western States Post Big Jump in Foreclosure Starts
Foreclosure filings and sales jumped significantly throughout areas in the West, reversing what had been a declining trend the last several months, ForeclosureRadar reports.

Top 7 Healthiest Cities
Forbes reveals the healthiest cities, taking into account such factors as clean air quality, residents’ health, and a community’s promotion of exercise and healthy living.

Freddie Offers New Loan Mod Option
Freddie Mac will offer a new option that can reduce mortgage principle and monthly payments by at least 10 percent each.

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

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