National News

CoreLogic Shines Light on Shadow Inventory

All across the nation, people are affected by foreclosures. Now, with foreclosures declining, the number of bank-owned houses is,

Anticipated Impact of QRM Proposal Increasingly Glum

The proposal of a 20 percent down payment under the Dodd Frank Act has been regarded as potentially detrimental, with many lawmakers worrying that first-time homebuyers will be locked out from buying a home; new information, presented at Capitol

Real Estate Cycle Expected to Push Buyers Toward Renting

As buyers hesitate to invest in a time when loans are hard to obtain and many homeowners are finding themselves underwater, rentals are becoming a desirable

Emergency Homeowners’ Loan Program Offers Window of Opportunity for Unemployed

The Emergency Homeowners’ Loan Program (EHLP) is a new $1 billion Obama administration program which is estimated to assist 30,000 unemployed borrowers, who are otherwise straining to avoid foreclosure, reports the Wall Street

Panelists Work to Establish Future of Mortgage Market

Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo, which combined hold 70 percent of the private mortgage origination market, may soon fill the void Fannie Mae and Freddie Mac leave behind, said Housing

More Lawmakers Join Anti-QRM Proposal

A force of approximately 240 lawmakers have now joined the argument against the qualified residential mortgage (QRM) down payment, hoping to reduce the currently proposed rate of 20 percent, said Housing

Are Real Estate Videos Reaching the Right Market?

Web-savvy consumers may not typically desire commercial videos for brands, products, etc. while browsing the web, but data from comScore demonstrates that 83 percent of all Americans watched an online video in May, racking up over 5.6 billion viewing

Wells Fargo Announces Altered Responsibilities, Leaves Reverse Mortgage Market

Wells Fargo & Co. has confirmed that it is leaving the reverse mortgages sector, but it will continue to act as a servicer up until the departure date of June 30, according to National Mortgage

U.S. Market Expected to See Forty Percent Increase in Hispanic Homebuyers

Nearly 40 percent of all first-time homebuyers in the US are expected to be Hispanic, with some of these potential homebuyers being “affluent Mexican nationals fleeing cartel violence,” said the Houston

According to Macroeconomist, Over Six Million New Properties Needed to Repair Industry

According to Housing Wire, what the industry really needs is 6.5 million new homes within the next five years in order “to clear the excess housing inventory” of about 2.5 million

Foreclosure Filings Decreasing, But Inventory Still a Burden

Foreclosure filings, auctions and repossessions of 214,927 properties displays a 2 percent decrease from April, and a 33 percent drop from May 2010, according to

Housing Market Index Drops Three Points in June

June’s home builder index dropped to a nine-month low, with a monthly Housing Market Index (HMI) drop of three points, resulting in a 13, MarketWatch

MLS Provider FBS Adapts to Policy Changes of IDX Listings

Flex MLS by FBS will now make modifications in order to support MLS customers, in response to the “opt-in” IDX policy established at NAR’s Midyear Conferences in May. According to Agent Genius, FBS is the first major MLS provider

Prices and Transactions Rising on a Monthly Basis

May brought some good news for the housing industry, with RE/MAX’s May housing report finding a 3.3 percent increase from April’s numbers, in closed transactions and a 3.7 percent price increase, according to Housing

Study Finds 71 Percent of Voters Support Mortgage Interest Deduction

A new study from National Association of Home Builders found that approximately 71 percent of the 2,000 voters supported the mortgage interest deduction, according to National Mortgage

Even With Down Market, Agents Have Increased Marketing Budgets

In an effort to embrace trending preferences toward the use of the internet, real estate professionals have increased their online marketing budgets by 27 percent, according to Real

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