By eDRE Voice posted in Mortgage, Statistics on Feb 28th, 2008
Existing-home sales – including single-family, townhomes, condominiums and co-ops – slipped 0.4 percent to a seasonally adjusted annual rate(1) of 4.89 million units in January from an upwardly revised level of 4.91 million in December, and are 23.4 percent below the 6.44 million-unit pace in January 2007.
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By eDRE Voice posted in Mortgage on Feb 22nd, 2008
To remain competitive in today’s financial market, interest rates have been lowered again for First-time Homebuyer Loans through The South Dakota Housing Development Authority (SDHDA). On February 6, 2008, the SDHDA Board of Commissioners lowered the First-time Homebuyers Program Step Rate to 3.95%. The Fixed Rate was lowered to 4.95% and the Fixed Rate Plus [...]
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By eDRE Voice posted in Foreclosures, Mortgage on Feb 20th, 2008
Washington, D.C. - To prevent the rise of foreclosure marketing scams aimed at America’s seniors, Senator Gordon H. Smith (R-OR) examined fraudulent activity following the subprime mortgage crisis in the Senate Special Committee on Aging today. The hearing, “Foreclosure Aftermath: Preying on Senior Homeowners,” focused on strategies to help homeowners avoid foreclosure and potential fraud.
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By eDRE Voice posted in Mortgage, Technology on Feb 12th, 2008
Innovative Solar Electric System Installation Adds To On-Going Environmental Partnership
LOS ANGELES, Feb. 11 /PRNewswire/ — Actor, director and Enterprise Community Partners Board Trustee Edward Norton, Mayor Antonio Villaraigosa, dignitaries and formerly homeless residents gathered today at 9:30 a.m. at the St. George Hotel in downtown Los Angeles to celebrate the first solar electric system installation [...]
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By eDRE Voice posted in Mortgage on Feb 3rd, 2008
As the rates on many adjustable-rate mortgages continue to increase, many Idaho homeowners may realize they cannot keep up with their rising house payments. This concern is affecting families in Idaho, where foreclosures on subprime and conventional adjustable rate mortgages doubled from September 2006 to September 2007, according to the Mortgage Bankers Association.
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