News

For the first quarter of 2009, only six states saw an increase in home sales, and Florida was among the lucky few. According to Central Florida real estate agent Amy Ruff thanks to the lower price entry for quality homes and the $8,000 tax rebate for new homebuyers, it looks like buyers are making their way back into the market to snap up extraordinary deals on Central Florida homes.

In an attempt to bring greater transparency and accountability to the mortgage lending industry, federal regulators are proposing amendments to the Secure and Fair Enforcement for Mortgage Licensing Act (S.

Leaders from a number of housing industry groups flocked to Capitol Hill on Wednesday to weigh in on how mortgage financing giants Fannie Mae and Freddie Mac should be structured. The two GSEs own or guarantee 56 percent, or $5.

The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey on Wednesday, which shows an increase in purchase activity. This gain, though, was countered by an even larger decline in refinance applications last week.

Freddie Mac’s HomeSteps REO sales unit has renewed its agreement with Vendor Resource Management (VRM), an REO disposition provider headquartered in Irving, Texas, and a subsidiary of the national real estate valuation company PCV Murcor.

Sales of single-family homes and condominiums in Connecticut fell by double-digit percentages in April, according to a new report released today by the New England real estate research firm The Warren Group.

ISGN Corporation, a global mortgage solutions company headquartered in Bensalem, Pennsylvania, and Mishawaka, Indiana-based Data-Vision, a provider of Internet lending technologies, announced on Tuesday that they have integrated their loan systems.

As foreclosure numbers across the country continue to climb and temperatures heat up, the National Pest Management Association (NPMA), headquartered in Fairfax, Virginia, is reminding homeowners and the industry to remain vigilant of an ancillary issue stemming from continued increases in vacated homes – potential mosquito infestations in the summer months, especially in and around those foreclosed properties with backyard pools.

The Federal Housing Administration (FHA) laid out the details of a new policy Mortgagee Letter 2009-15 ] on Friday that will allow first-time homebuyers to apply the $8,000 federal tax credit toward the purchase costs of an FHA-insured home.

The Federal Trade Commission (FTC) has initiated rulemaking proceedings to address loan modifications and mortgage servicing. The agency’s Mortgage Assistance Relief Services rulemaking addresses the proliferation of loan modification and foreclosure rescue services in the current economy.