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Real Estate News Today 3-1-2012

01 Mar

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

Bernanke Strikes Cautious Tone Amid Signs Economic Recovery Accelerating
Washington Post | February 29, 2012
The U.S. economy started the year with a burst of healthy activity, according to a Federal Reserve survey Wednesday that reported that the country’s factories and stores and even the troubled housing market appeared to be gaining momentum.

Economy Grew at 3 Percent Pace in Final Quarter of Last Year
Washington Post | February 29, 2012
Stronger hiring and higher pay and savings should support solid growth for the economy in coming months.

Fannie Mae, BofA At Odds Over Who Dumped Whom
Forbes | February 29, 2012
Things are getting strange in an ugly breakup between Fannie Mae and Bank of America.

California AG Announces Homeowner Bill of Rights
Reuters | February 29, 2012
California’s attorney general Kamala Harris on Wednesday proposed a homeowner bill of rights that she said will guard against a repeat of widespread mortgage abuses among America’s lenders.California’s attorney general Kamala Harris on Wednesday proposed a homeowner bill of rights that she said will guard against a repeat of widespread mortgage abuses among America’s lenders.

Quest for Paperless Mortgages
American Banker | March 1, 2012
Any banker or borrower who has attended a mortgage closing understands the benefit of electronic signatures, technology that lets users click to sign documents rather than hand-write their name dozens of times. Electronic signatures have been legal in the United States since 2000. But a lack of acceptance at the Federal Housing Administration and the Internal Revenue Service has prevented some lenders, even technologically advanced ones, from using the technology for any mortgage documents.

Banks Step Up Commercial Property Lending
Reuters | February 29, 2012
U.S. banks increased lending for commercial real estate and apartment buildings for the first time in nearly two years in the fourth quarter of 2011, another sign of confidence in the improving U.S. economy.

Bernanke Says Lack of Down Payment, Job Concerns Hurt Housing
HousingWire | February 29, 2012
Federal Reserve Chairman Ben Bernanke suggested that affordable housing prices and low interest rates are not enticements for potential buyers lacking down payments and job security.

Michael Jordan’s Estate
The Wall Street Journal | February 29, 2012
Former NBA star Michael Jordan has put his longtime Chicago-area home on the market for $29 million. The compound includes a nine-bedroom home and an indoor basketball court.

Home Prices – A Whole Lot Better Performance Than Autos
Ted C. Jones Blog | February 29, 2012
Yesterday the Case-Shiller Index (owned by Standard and Poors), reported that U.S. home prices declined once again, now down from the peak on a national average 33.9 percent based on  the 20-city composite index.

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

 

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