Tuesday, March 29, 2011

6 real estate headlines: 29-Mar

A daily dose of headlines for real estate agents, mortgage lenders, homebuyers and home sellers.

Washington area housing market springs back
Washington Examiner
: The Washington region's housing market is springing back, and experts have just one piece of advice for those expecting to find a steal in the next several months.
Mortgage reform storm is brewing
: When it rains, it pours, but we're looking at a hail storm in housing finance this week, as government starts the business of taking itself out of the housing business.
Lenders 'cautious' about cash-out refinance
Washington Post
: Given the amount of fraud in the mortgage industry, lenders are more cautious than ever about doing a "cash out" refinance, where they give homeowners cash when they refinance their mortgage.
Jack Nicklaus will have a house in VA development
DC Urban Turf
: The golf legend will have a house at Nicklaus Village, a 25-home development that will be part of Creighton Farms, a golf community in Aldie, VA about an hour's drive from DC.
Mortgage servicers resist but cut debts
Wall Street Journal
: Heads of big banks have questioned the fairness of writing down loans, while claiming the costs could be enormous if widespread principal reductions are triggered by a settlement.
Little success for loan reduction effort
Wall Street Journal
: Government efforts to encourage mortgage companies to reduce loan balances voluntarily for more borrowers haven't had much success so far.


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