Today’s Real Estate News 10-14-2011

14 Oct

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

Mortgage Lenders Poised to Get More Personal
Chicago Tribune | October 14, 2011
Many consumers applying for a mortgage are going to start sharing more personal information with lenders next year, like it or not.

Many Economic Sectors Don’t Have Much More Room to Fall
The Washington Post | October 14, 2011
The U.S. economy has been through a lot in the past few months — an unprecedented downgrade of the government’s credit rating, a debt crisis in Europe that threatens to spread across the Atlantic, and a steep decline in financial markets. Yet most economic indicators have pointed to continued, albeit slow, growth.

Jobs Proposals Multiply But Go Nowhere
The Washington Post | October 14, 2011
There is a Senate Republican jobs plan and a House Republican jobs plan. There is a Democratic jobs plan and a progressive jobs plan. There is a new presidential jobs plan and an old presidential jobs plan, although both are equally dead.

Wind, Solar Farm Finance at Record in Q3
Reuters | October 14, 2011
Wind farm and solar park financing surged to a record $41.8 billion in the third quarter, even though clean energy share prices and the European economy slumped, a report by research firm Bloomberg New Energy Finance said on Thursday.

Fannie CEO: Flat Guarantee Fee on Mortgages Unlikely
HousingWire | October 13, 2011
Smaller lenders will likely to continue paying higher fees to Fannie Mae and Freddie Mac for guaranteeing principal and interest payments on securities in the future.

Refinancing Chills U.S. Home Purchases
Bloomberg | October 14, 2011
Amy Haenner, a broker at Legacy Lending Group in Fort Wayne, Indiana, is processing eight mortgages this week. None of them are for home purchases.

From the National Association of Realtors®:

More Adults Move in With Relatives
Nearly 1 in 3 adults in the U.S., about 30 percent, live with their relatives, according to a new study.

MetLife Looks to Shed Its Mortgage Business
MetLife Inc. is reportedly looking for a buyer for its mortgage business, MetLife Bank.


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

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



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