Obama Says Housing Market Needs More Than Federal Support
Obama Says Housing Market Needs More Than Federal Support
DSNews — August 18, 2011
At a town hall meeting this week in Atkinson, Illinois, President Obama said it will take more than federal action to address the still-suffering housing market.
Los Angeles' foreclosure rehab program homes in on South L.A.
Los Angeles Times — August 19, 2011
Los Angeles Mayor Antonio Villaraigosa strode through the two-bedroom house on 66th Street on Thursday as though he were a prospective buyer, checking out the bamboo floors and getting the lowdown on the tankless water heater.
AG shuts down large foreclosure relief operation
KGO — August 18, 2011
SAN FRANCISCO — California's Attorney General has taken down a large mortgage operation that's spread through 17 states.
Florida foreclosure backlog shrinks 43% in a year
The Palm Beach Post — August 19, 2011
Florida’s courts cleared 201,524 foreclosure cases from the state’s backlog with the help of an additional $6 million from lawmakers, but more than half of the cases were dismissals possibly initiated by banks needing to redo faulty paperwork.
Housing Inventory Declines but Slow Sales Pace Adds Staying Power
DSNews — August 18, 2011
There were 3.65 million existing-homes available for sale at the end of July, according to the National Association of Realtors (NAR).
Mortgage Rates Reach All-Time Lows
Daily Finance — August 19, 2011
Mortgage rates have hit an all-time low according to Freddie Mac's Primary Mortgage Market Survey. 30-year fixed-rate mortgages averaged 4.15% last week. 15-year fixed-rate mortgages averaged 3.36%.