A daily dose of headlines for real estate agents, mortgage lenders and consumers.
Fenty launches SW Waterfront demolition Washington Business Journal: Hogates restaurant, at 800 Water St. SW, was bulldozed to make way, eventually, for a massive, $1 billion mixed-use development on the waterfront. | Re-examining closing costs DC Urban Turf: The Washington Business Journal reported this week that closing costs in D.C. and Maryland are well below the national average. |
Banks ease lending standards for first time in four years CNBC: The Fed found that the easing in loan standards was occurring primarily at the countrys largest domestic banks, while many smaller banks continued to struggle. | How low can mortgage rates go? Smart Money: With mortgage rates hovering near 40-year lows and selling prices still depressed, many potential borrowers are wondering whether rates have further to fall. |
Mortgage lenders must tell borrowers worst-case payment Housing Wire: Under the new rule lenders must disclose a worst case example showing the maximum rate and payment possible over the life of the loan. | Geithner sees U.S. role in mortgage market Wall Street Journal: Geithner called the debate over how to remake the $10 trillion mortgage market one of the most consequential and complicated economic policy problems we face as a country. |
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