Thursday, August 19, 2010

6 real estate headlines: 8-18

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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