National News

Miami Home Prices Fall 6.2 Percent from 2010

Prices of single-family homes declined in 20 metropolitan areas by 0.2 percent from January to February, according to the S&P/Case Shiller composite index released today. This decrease places the current composite index of 139.7, just slightly above the 2009

New Bill to Streamline Short Sales

A new bill introduced earlier this week aims to change long lender delays with short

Feds Settle with Major Lenders

Federal bank regulators yesterday announced settlements with the nation’s largest mortgage lenders for unethical foreclosure practices that were identified in 2010

Pew Poll Shows Americans Still Value Homeownership

Amidst one of the worst economic recessions in American history, a recent telephone poll conducted by the Pew Research Center shows that the majority of Americans still place a great deal of value in their

Mortgage Apps Decrease in Latest Weekly Survey

Mortgage applications decreased from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending April 8,

Webby Awards Nominees Announced

Nominees for the 15th annual Webby Awards were announced this morning, with numerous candidates emerging from the real estate

Chicago-based Firm Offers First Groupon Real Estate Deal

Chicago-based Dream Town Realty has capitalized on Groupon’s massive sphere of influence, offering the first real estate deal through the online coupon

March ComScore Stats Show Trulia Busier Than Zillow

Web traffic analytic service ComScore has released data on real estate sites Zillow and Trulia’s March 2011

Altos Research Update Shows Weekly Price Improvements

Altos Research has released its April 2011 Real Time Housing Market Update, showing a gradual improvement in national  home prices on a week-over-week

FHA’s Mortgagee Review Board Enforces New Regulations

The Federal Housing Administration’s Mortgagee Review Board (MRB) has announced a settlement agreement with a Massachusetts mortgage lender for failing to fully verify whether borrowers could sustain their mortgage payments prior to refinancing their

NAR Evaluates Impact of Federal Government Shutdown

As the Federal government is in negotiations today to avoid an overall shutdown, the Nation Association of Realtors (NAR) has taken a look at what the potential shutdown would mean for the real estate

Rental Demand Rises

This morning, New York-based real estate data firm REIS Inc. announced that the nationwide apartment vacancy rate has fallen, an indication of the level of demand in the rental

Green Home Building Passes 10,000 LEED-certified Homes Milestone

More than 10,000 homes across the U.S. have earned LEED certification through the LEED for Homes program, according to the U.S. Green Building Council (USGBC). LEED-certified home projects span the residential market, from multi- and single-family, to market rate

Mortgage Interest Deduction Benefits Homeowners, Endures Critique

By Tom Butala Tax Day 2011 is right around the corner, with Federal income tax returns due by Monday, April 18. Homeowners enjoy a major tax break at this time, but due to the tumultuous housing industry it may

Mortgage Applications Decrease, Purchase Applications Increase in Latest MBA Survey

Mortgage applications decreased 2.0 percent from one week earlier, while purchase applications spiked 6.7 percent to the highest level of the year, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending April

SEC Announces Violations by Wachovia Involving Mortgage-Backed Securities

The Securities and Exchange Commission (SEC) yesterday announced that Wells Fargo Securities LLC agreed to settle charges that Wachovia Capital Markets LLC engaged in misconduct in the sale of two collateralized debt obligations (CDOs) tied to the performance of

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