Real Estate News Today 2-23-2012

23 Feb

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

FHA to Announce Premium Changes Soon
HousingWire | February 22, 2012
The Federal Housing Administration will announce additional premium changes to its mortgage business and streamlined refinance programs in the coming days.

Home Resales Climb Higher
The Wall Street Journal | February 22, 2012
Sales of previously owned homes in the U.S. rose last month to the highest level in nearly two years, and the inventory of unsold homes contracted to a level considered healthy by economists, positive signs for the housing market.

Housing Takes Another Step Out of The Cellar
The Wall Street Journal | February 22, 2012
Wednesday brought further evidence that housing has climbed out of the sub-basement. But it’s a long way from heading up the stairs to expansion.

5 Markets Beating the Housing Bust
The Wall Street Journal | February 22, 2012
Stocks aren’t the only investments returning to pre-downturn levels. In some cities, home prices have recovered and in some cases even surpassed 2008 levels.

Homeowners Roll Up Sleeves to Trim Costs
The Wall Street Journal | February 22, 2012
In a rundown church gymnasium in Far Rockaway a few rough blocks from the ocean, Walter Mullins, a retired banker, provides homeowners with some valuable but hard-to-come-by tools in the struggle to survive the worst housing downturn in a generation.

Tozer: Ginnie Mae Backs Nearly All FHA, VA Mortgages
HousingWire | February 22, 2012
The head of Ginnie Mae said the government corporation has increased its role in the mortgage market since the housing bust, backing virtually every new loan guaranteed or insured by the major federal housing authorities.

Realtors Slam Obama Foreclosure-Rental Plan
The Wall Street Journal | February 22, 2012
The National Association of Realtors took a public shot at the Obama administration on Wednesday, criticizing an effort to alleviate some the housing market’s woes by renting out foreclosed properties.

Surge in Identity Fraud Tied to Smartphone Use
Bloomberg | February 22, 2012
Nearly 12 million Americans were victims of identity theft in 2011, an increase of 13 percent over 2010, according to a report released on Wednesday by the research firm Javelin Strategy & Research.

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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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