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Real Estate News Today 11-10-2011

10 Nov

Corker Introduces Senate Bill to Wind Down Fannie, Freddie
BusinessWeek | November 9, 2011
U.S. Senator Bob Corker has introduced legislation to unwind Fannie Mae and Freddie Mac, the mortgage companies that have drawn more than $150 billion in taxpayer aid since the 2008 subprime lending collapse.

Americans Consider Housing Policy in 2012 Election
DSNews | November 9, 2011
As Americans consider the best candidates for the 2012 presidential and congressional elections, housing is at the forefront of the debate for many.

GOP Candidates Offer Their Cure for What Ails Housing
HousingWire | November 9, 2011
Former Speaker of the House Newt Gingrich, whose firm represented Freddie Mac at the height of the housing bubble, advocated abolishing Freddie and Fannie Mae during a Wednesday night GOP debate focused largely on the economy.

Monthly Mortgage Payment Almost 40% Cheaper Than 2006
HousingWire | November 9, 2011
Housing affordability improved dramatically because of declines in both prices and mortgage interest rates, according to Fiserv’s chief economist.

Foreclosure Activity Increases for Third Straight Month
DSNews | November 9, 2011
Foreclosure filings in October rose 7 percent from the previous month, RealtyTrac reported Thursday.

Home Prices Fall in Nearly 75% of Metros.
The Wall Street Journal | November 9, 2011
U.S. home prices fell in nearly 75% of metropolitan areas in the third quarter and the national median price dropped as the housing market showed renewed weakness in the second half of the year.

Lawmakers Target Fannie, Freddie Pay
The Wall Street Journal | November 9, 2011
U.S. lawmakers are seeking to rein in pay for executives at Fannie Mae and Freddie Mac, arguing that taxpayer funds shouldn’t be spent on bonuses at the two government-controlled mortgage firms.

Ginnie Mae Calls 2011 ‘Best Year Yet’
HousingWire | November 9, 2011
Ginnie Mae reported $1.18 billion in net income for the fiscal year 2011, more than double the $541 million the year before.

Looking to Buy Property? Check With the Postal Service
The Washington Post | November 9, 2011
Two weeks ago it quietly launched USPSPropertiesforSale.com, a site listing more than 90 post offices and mail distribution centers the U.S. Postal Service is hoping to sell to generate some revenue and cut operational costs.

Debt-Reduction Talks Sputter Along
The Washington Post | November 9, 2011
A Democrat sees a “breakthrough” in talks, but the panel remains apart on the shape of a blueprint.

 

Anthony Carollo

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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
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acarollo@stewart.com

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