National News

Survey Confirms Public Dissaproval of Current Lending Practices

As the government works to resolve a failed lending system for homebuyers, a survey released yesterday by MortgageMatch.com shows the majority of Americans agree that major change is

Obama Administration Releases January Housing Scorecard

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury recently released the January edition of the Obama Administration’s Housing

Strong Fourth Quarter Drives 2010 Mortgage Bankers Originations 36 Percent Above 2009 Levels

Mortgage bankers originated $110 billion of commercial and multifamily mortgages during 2010 – an increase of 36 percent from 2009, according to preliminary estimates based on the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers

Remodelers Expect Market Gain During 2011

The latest National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI) edged up to 41.5 in the fourth quarter of 2010, compared to 40.8 in the third quarter. An RMI below 50 indicates that more remodelers say market

FHFA Proposes Rule on Private Transfer Fees

FHFA this week sent a proposed rule to the Federal Register to begin formal rulemaking on private transfer

Zillow and Yahoo! Real Estate Combine Forces

Zillow.com and Yahoo! Real Estate launched yesterday an exclusive partnership that brings together the two sites and creates the largest real estate network on the web, according to

2010 Foreclosure Activity Increases in 72 Percent of Major Metros

RealtyTrac recently released its 2010 Year-End Metropolitan Foreclosure Market Report, which shows that foreclosure activity increased from 2009 in 149 of the nation’s 206 metropolitan areas with a population of 200,000 or more. At the same time, the metro

National Pending Home Sales Continue Uptrend

Pending home sales improved further in December, marking the fifth gain in the past six months, according to the National Association of

National Association of Home Builders Elects Leadership for 2011

Members of the National Association of Home Builders (NAHB) elected four senior officers to top leadership positions within the federation during the association’s International Builders’ Show in

Google Maps to Drop Real Estate Search

Google’s Earth and Maps team announced this week that they will drop the real estate listing search feature from their maps technology due to limited user

S&P/Case-Shiller Home Price Indices Show Decline in National Home Prices

Data through November 2010, released yesterday by Standard & Poor’s for its S&P/Case-Shiller Home Price Indices, show a deceleration in the annual growth rates in 17 of the 20 MSAs and the 10- and 20-City Composites compared to what

Married U.S. Households Account for Less Than Half in 2010

By Tom Butala According to the U.S. Census Bureau, the amount of married households in the United States now accounts for less than half of all

December Existing-Home Sales Jump

Nationwide existing-home sales rose sharply in December, when sales increased for the fifth time in the past six months, according to the National Association of

Mansion from The Godfather for Sale

Fictional character Don Vito Corleone’s mansion has been put on the market for $2.9 million. The Tudor-style home is where Francis Ford Coppola’s 1972 iconic film The Godfather was

Builder Confidence Remains Unchanged In January

Despite an encouraging forecast from panelists at the NAHB’s International Builders’ Show last week, a recent survey by the organization reveals that builder confidence at the time remains relatively

FHFA Announces Plan to Find Alternatives for Mortgage Servicing Structures

By Jessica Bollman Fannie Mae and Freddie Mac have been directed to work together along with the Federal Housing Finance Agency (FHFA) and the Department of Housing and Urban Development (HUD) to develop an alternative plan for future mortgage

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