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Steven J. Baum Closing Expected to 'Diffuse' New York Foreclosure Business
With Steven J. Baum closing, foreclosure business is expected to "diffuse" among smaller, local firms in New York State, real estate lawyers told IBTimes.
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HUD: Federal Housing Administration Bailout Report 'Not True'
The U.S. Department of Housing and Urban Development (HUD) is pushing back against a report that said the Federal Housing Administration (FHA), a major backer of residential mortgages, could require a bailout.
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U.S. Congress Raises FHA Mortgage Limits
The U.S. House and Senate voted to increase the threshold of mortgages backed by the Federal Housing Adminstration (FHA) to $729,750, a move that would give more homeowners access to lower interest rates.
Companies
Foreclosure Firm Steven J. Baum to Close
After being blacklisted by Fannie Mae and Freddie Mac, troubled foreclosure firm Steven J. Baum PC announced on Monday that it would be closing.
Real Estate
Avoid 'Old School' Approach to Low-Doc
Too many brokers have an "old school" approach to low-doc lending, a broker specialising in the loans has said.
Companies - Finance
Fannie Mae and Freddie Mac: Scapegoats for the U.S. Housing Crisis?
It's been a rough week for Fannie Mae and Freddie Mac. The mortgage giants have been blasted by both parties in Congress for their executive pay structures, echoing a previous uproar that consumed Wall Street.
Real Estate News
Downturn in real estate market allows students to trade dorms for luxury homes
The New York Times has an interesting article examining how the downturn in the real estate market in Merced, California has led to hundreds of college students renting luxury homes in overbuilt areas.
Slideshows
Commentaries
moreAt least in one region of the county at dinner parties, it's the question that's on the lips of prospective home buyers: will home mortgage interest rates fall more? The average fixed rate for a 30-year mortgage for...
Incredibly, U.S. home mortgage rates continue to trend lower -- the average 30-year, fixed rate is now 4.07 percent, and they could drop even lower. Still, given soft home prices, jumping into the housing market is hardly a s...
U.S. mortgage rates are falling to 50-year lows, even as existing home sales remains soft, with both stemming from uncertainty regarding the outlook for the U.S. economy. In this uncertain time, what should prospective home b...