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Real Estate News Today 1-17-2012

17 Jan

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

Texas real estate upswing rooted in population growth
HousingWire | January 16, 2012
Texas home prices dipped in the great recession before doing an about face and heading back up in 2010, according to data from the Real Estate Center at Texas A&M University.

Vacant Foreclosures Saddle Local Communities with High Costs
DSNews | January 16, 2012
A study from the Government Accountability Office (GAO) found that vacant properties rose 51 percent over the span of a decade, from nearly 7 million in 2000 to 10 million in April 2010.

Dimon on Housing: ‘No One Is in Charge’
The Wall Street Journal | January 13, 2012

The government and the banking industry needs to get serious about fixing the housing market’s problems, but there’s no one leading the charge, says Jamie Dimon, the chief executive of J.P. Morgan Chase & Co.

Small Business Administration Chief’s Status to be Elevated
Los Angeles Times | January 14, 2012
Small businesses scored a victory when President Obama said the head of the federal agency that provides them with loan guarantees and other assistance would begin attending Cabinet meetings.

Outstanding Mortgage Buyback Claims Double at Chase in 2011
HousingWire | January 16, 2012
JPMorgan Chase must sort through more than $2.3 billion in claims to buyback defaulted mortgages sold mostly to Fannie Mae and Freddie Mac at the end of the fourth quarter, nearly double the $1.2 billion outstanding at the end of 2010, according to the bank’s financial statements.

Fannie, Freddie Charge Borrowers for Feds’ Tax Cut
San Francisco Chronicle | January 17, 2012
Congress’ idea to launder a tax increase through Fannie Mae and Freddie Mac is already costing borrowers.

Consumer Bureau’s Jobs No. 1, 2 and 3
CNN Money | January 17, 2012
The Consumer Financial Protection Bureau’s new director — armed with the bureau’s full powers — has set his top priorities for what to do first.

U.S. Retail Sales Growth Will Slow to 3.4% This Year, NRF Says
Bloomberg | January 16, 2012
U.S. retail industry sales growth will shrink to 3.4 percent this year, hampered by the lingering housing slump, a trade group forecast.

From the National Association of Realtors®:

4 Ways to ID Borrower-Assistance Scammers
Scammers have targeted delinquent borrowers during the past few years, hoping to take advantage of their desperation and financial inexperience. Here are a few red flags.

10 States With the Highest Foreclosure Rates
These states continue to face a high rate of foreclosures, which is delaying a housing recovery from taking shape there.

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

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

www.StewartSpokane.com

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