Tuesday, June 14, 2011

6 real estate headlines: 14-June

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

Major changes likely to QRM program
Inman News
: The proposed QRM standard would push nearly a third of American borrowers out of the market, especially first-time home purchasers, minorities and moderate-income families.
Mortgage rates love economic slow times
: While we remain about a third of a percentage point above our October 2010 rock-bottom levels, we should be nearing a place where refinance opportunities start to show.
Banks get 30 more days to fix foreclosure problems
Wall Street Journal
:� Banks are required to hire an independent consultant to conduct a "look back" at foreclosure proceedings from 2009 and 2010 to evaluate whether they improperly foreclosed.

Homebuying: Is now the best time to buy?
CNN Money
: Given the recent lackluster jobs report and the million-plus homes in foreclosure, no one is expecting a robust about-face anytime soon.

How GIs fight foreclosure proceedings
: The HAP expansion only applies to defense personnel who purchased their homes before July 1, 2006, and sell them by Sept. 30, 2012, pending availability of funds.
Where we live: Stanton Park
Washington Post
: Stanton Park wasn't so quaint and neighborly in the 1980s, when longtime residents say crime was plentiful and neighborhood issues included vacant, dilapidated houses.


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