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Article Archive for December 2009

Realtors Confidence Index Indicates Positive Expectations for 2010

By Brittany Dunn | 12/24/2009

To put it mildly, the real estate market during the last decade was a rollercoaster.
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Investors Learn from the Past and Focus on the Future

By Brittany Dunn | 12/24/2009

As investors look back on the past 10 years, many will realize better returns could have been found almost anywhere else besides the stock market, making stocks the worst investment choice for the decade.
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First-Time Homebuyers, Use of FHA Loans, and Distressed Sales on the Rise: NAR

By Brittany Dunn | 12/24/2009

The National Association of Realtors recently released the November Realtors Confidence Index (RCI), a key indicator of housing market strength based on a monthly survey of more than 50,000 Realtors.
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Stability in Home Prices Hinges on Foreclosure Prevention: Report

By Carrie Bay | 12/24/2009

The second half of 2010 will be a time of stabilization or a renewed leg down in housing, and it all depends on how aggressively the industry can rein in the swell of foreclosures, according to a new study from the research team at Credit Suisse.
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Job Market Outlook for 2010 Not All Doom and Gloom

By Carrie Bay | 12/24/2009

While some housing experts argue that homeowners with negative equity are more likely to fall behind on their mortgage payments than those who lose their job, others argue that it's rising unemployment driving delinquencies in the housing sector and even adding to the woes of the commercial real estate market.
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Housing’s Modest Recovery Will Continue into 2010: PMI

By Carrie Bay | 12/24/2009

The residential real estate sector has begun to show modest signs of recovery. Will the trend continue into 2010? PMI Mortgage Insurance Co. has provided the industry with a forecast of what to expect as we move into the new year.
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Commercial Real Estate Has Long Road Ahead to Recovery

By Carrie Bay | 12/24/2009

Commercial real estate in the United States has a long and bumpy road ahead with stability more than a year away for nearly every property type, according to a study commissioned by PricewaterhouseCoopers.
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Bernanke Named 2009 Person of the Year

By Carrie Bay | 12/24/2009

Federal Reserve Chairman Ben Bernanke has been selected as TIME magazine's famed Person of the Year for 2009 for his role in steering the country through the worst financial crisis since the Great Depression.
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Investors Ushering in a New Year of Hope and Positive Returns

By Brittany Dunn | 12/24/2009

As investors look back on the past 10 years, many will realize better returns could have been found almost anywhere else besides the stock market.
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Treasury Provides Over $4 Billion in Recovery Act Funds

By Brittany Dunn | 12/23/2009

The U.S. Department of Treasury announced Tuesday that the American Recovery and Reinvestment Act (Recovery Act) has now provided more than $4 billion in funding, in an effort to spur the development of affordable housing around the country. The Recovery Act has created innovative partnerships between federal and state governments to provide a much needed boost to local economies, said Neal Wolin, Treasury deputy secretary.
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Supreme Court Adopts Rule 93 for Foreclosure Diversion Program

By Brittany Dunn | 12/23/2009

On Monday, the Supreme Court added Rule 93 to the Maine Rules of Civil Procedure. Effective January 1, 2010 this new rule will govern the operation of the foreclosure diversion program.
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Increase in Housing Prices from September to October

By Brittany Dunn | 12/23/2009

The Federal Housing Finance Agency (FHFA) released its monthly Housing Price Index (HPI) on Tuesday, showing housing prices in the United States rose 0.6 percent on a seasonally adjusted basis from September to October.
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Florida’s Home, Condo Sales Soar in November

By Brittany Dunn | 12/23/2009

According to the latest housing data released by Florida Realtors, both existing home and condo sales increased in November.
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Default Mitigation Management Expands its Loss Mitigation Web Portal

By Brittany Dunn | 12/23/2009

In a recent announcement, Default Mitigation Management LLC (DMM), a loss mitigation company in Newport, Kentucky, recently announced new enhancements to its loss mitigation web portal.
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California Association of Realtors Extends Mortgage Protection Program Through 2010

By Brittany Dunn | 12/23/2009

In an announcement Tuesday, the California Association of Realtors (C.A.R.) said it is extending its Mortgage Protection Program (MPP) for first-time homebuyers through December 31, 2010.
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Wirbicki Law Group Launches New Default Company

By Carrie Bay | 12/23/2009

The Chicago-based foreclosure law firm The Wirbicki Law Group, has founded Default Systems Solutions, LLC (DSS) to assist laws firms and trustees with the implementation of today's default management platforms.
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NAWRB Opens Membership to All REO-related Women-owned Businesses

By Carrie Bay | 12/23/2009

The National Association of Women REO Brokerages (NAWRB) announced this week that the organization has officially enacted the inclusion of all women-owned businesses connected to the REO industry.
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Mortgage Applications Drop 11%, MBA Reports

By Carrie Bay | 12/23/2009

Consumer demand for home loans fell to a two-month low last week, following four weeks of steady increases.
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Moody's Sees Price Decline of Commercial Properties Moderating

By Carrie Bay | 12/23/2009

Commercial real estate values in the United States have sunk to their lowest level in seven years, with properties now carrying price tags not seen since 2002.
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Home Loan Payment Trends Continue to Deteriorate: Equifax

By Carrie Bay | 12/23/2009

Consumer delinquency rates for both first mortgages and home equity lines of credit rose again in November, Equifax Inc. said Tuesday.
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