WASHINGTON, DC — With Countrywide Financial Corp. increasingly turning to the Federal Home Loan Bank (FHLB) system for cash advances to stay afloat as other liquidity sources shun the company, U.S. Senator Charles E. Schumer (D-NY) urged the overseer of the federally-supported bank network to probe the underlying risk of Countrywide’s collateral and to issue new, system-wide regulations to reduce the banks’ exposure to risky or predatory loans.
WASHINGTON, D.C., November 28, 2007 The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending November 23, 2007. The Market Composite Index, a measure of mortgage loan application volume, was 652.5, a decrease of 4.3 percent on a seasonally and holiday adjusted basis from 681.7 one week earlier. On an unadjusted basis, the Index decreased 25.5 percent compared with the previous week reflecting the Thanksgiving holiday on November 22 and was up 24.6 percent compared with the same week one year earlier.
WASHINGTON, November 27, 2007 -- The National Association of Realtors® and the U.S. Conference of Mayors have named Fort Smith, Ark., a 2007 Ambassador City for its City of Fort Smith Homebuyers Assistance Program. The program provides potential buyers with credit counseling and mortgage readiness education.
NEW YORK, Nov. 26, 2007 - Chase today introduced New Additions, a discounted home-equity loan program to help families pay the often steep expenses of adopting a child.
In early October, when Dorte and Houschang Pakpour put their Mediterranean-style villa in Laguna Beach, Calif. on the market, they put a little extra bait on the hook. In the glossy sales brochure touting the ocean and canyon views, European gardens and cathedral ceilings, the Pakpours noted that seller financing was available.
In only one week, hundreds of top real estate agents from across the country have contributed over 1,000 ideas to publish Real Estate in 2008. During the National Association of Realtors (NAR) annual conference in Las Vegas from November 12-16, 2007, the conference helped to write and publish an entire book of ideas.
Can homeowners really sell their homes in 30 days or less without a Realtor? Jennifer Gibson of RealAsell.com thinks so. The new Web site boasts a "Sell in 30 days or Less... Guaranteed" service by providing its clients the opportunity to gain additional exposure through the RealAsell.com national lender network.
The vast majority of U.S. metropolitan areas showed rising or stable home prices in the third quarter, with most experiencing modest gains compared with a year earlier, says the latest quarterly survey by the NATIONAL ASSOCIATION OF REALTORS
PARSIPPANY, N.J. (Nov. 19, 2007) – Coldwell Banker Real Estate LLC announces the launch of its third “My Home: The American Dream” contest. In collaboration with Scholastic, the global children’s publishing, education and media company, Coldwell Banker® invites students in kindergarten through eighth grade to tell their personal stories, through images and words, about how their houses, apartments, or condominiums are not just places they live, but homes where dreams are shared and memories are made.
U.S. home builders broke ground on more apartment buildings in October, driving housing starts up 3 percent to an unexpected seasonally adjusted rate of 1.229 million, the Commerce Department reported Tuesday
WASHINGTON, Nov. 21 /PRNewswire-USNewswire/ -- The vast majority of metropolitan areas showed rising or stable home prices in the third quarter with most experiencing modest gains compared with a year earlier, despite a broad decline in existing-home sales, according to the latest quarterly survey by the National Association of Realtors.
There are so many ways real estate professionals can get snagged by a lawsuit that it's hard to keep track of everything that poses a risk. But by looking at each transaction through the eyes of the buyer, you can protect yourself, trainer and author Barbara Nichols said at the 2007 NAR Conference & Expo in Las Vegas.
“2007 has been a year of challenge; 2008 will be a year of opportunity for serious buyers and for REALTORS®,” NAR Chief Economist Lawrence Yun told a packed house at the NAR Conference Tuesday.
Home prices have risen in five major markets, while continuing to fall in the rest of the country, according to the S&P/Case-Shiller home price index for August, released Tuesday.
LAS VEGAS, November 13, 2007 - A new consumer survey shows that buyers and sellers are very satisfied with their real estate professionals. Home buyers use many tools in the transaction process, and both buyers and sellers highly value the personal touch and services real estate professionals offer. The survey was released here today at the 2007 REALTORS® Conference & Expo.
LAS VEGAS, November 13, 2007 - The level of for-sale-by-owner transactions remains at a record low, according to the National Association of Realtors® 2007 Profile of Home Buyers and Sellers. The survey was released today at the 2007 REALTORS® Conference & Expo, here through November 16.
When a market goes through uncertain times, investor caution reigns. And whether you're talking about the housing market or the financial services sector, there's been so much bad news lately that it makes sense for buyers and investors to remain wary.
Real estate professionals who want to work in property auctions need to adopt a new way of thinking, says Ted Cucuro, a senior broker associate with Sheldon Good & Co., Chicago. “We do everything in reverse,” Cucuro told attendees of an educational session at the 2007 REALTORS® Conference & Expo in Las Vegas.
LAS VEGAS, Nov. 12 /PRNewswire-USNewswire/ -- Pat V. Combs, president of the National Association of Realtors, today urged Realtors to help restore confidence in the real estate market by educating the public about the value of housing as a good long-term investment. With the market's positive economic fundamentals, 2007 is turning out to be one of strongest years on record, she said.
ARLINGTON, Va., Nov. 9 /PRNewswire-USNewswire/ -- Recently media attention has been heavily focused on the difficulties home sellers face with the current glut of inventory and the tightening of the sub-prime mortgage market. However, according to a Fall member survey and report from the National Association of Exclusive Buyer Agents, home buyers are also facing new challenges.