February 2010 Archives - 2/2 - Short Sale Fundamentals - Part 2
 
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08
Feb
Home Prices Bottom Out?

Home Prices Bottom Out?

PMI has released results of a new study suggesting we may reached the low point in housing prices. They base their conclusions on the fact that residential property values stabilized throughout the second, third and fourth quarters of last year. They claim that the likelihood of prices going lower is slim. The closely watched US...

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04
Feb

Fannie and Freddie Are Shrinking

It seems the mortgage business might not get more complicated than the mess it already is. At least for a little while. In the latest directive from the supervisor in charge of Fannie and Freddie, they won’t be allowed to introduce new loan products into the market. This is in an effort to control the...

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02
Feb
Recovery Surveyed

Recovery Surveyed

A survey was recently conducted by a Minneapolis based company regarding financial literacy. Basically the survey was trying to determine what questions people most frequently have for lenders. It seems from the results that what most people have on their minds is the “recovery.” Lenders were most frequently asked by borrowers how they can raise...

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01
Feb

Fannie’s Done It Again

In yet another major move by Fannie Mae, the company has announced that it will cover the closing costs on purchases of its repossessed properties. Basically this means that buyers will receive 3.5% of the final sales price. This money can be used towards closing costs, or for new appliances.  (Yes, that Ferrari in my...

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