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The Home Front

May 2012


Should States Be Chided for How They Use Their Mortgage Settlement Money?

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There's been quite a bit of chatter recently about how states are allocating their share of the National Mortgage Settlement, which required five of the nation's biggest banks to shell out $25 billion over allegations of improper foreclosure practices.

According to some reports, many cash-strapped ...

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TAGS:
real estate
Virginia
Missouri
Georgia
foreclosures
mortgages
housing market
housing

NAHB: More New Home Sales Means More Jobs, Tax Revenue

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More good news came out of the housing market Wednesday—sales of newly built homes ticked up more than 3 percent in April, according to the Commerce Department, exceeding economists' expectations and providing more credence to the notion that the market is finally stabilizing.

New home sales ...

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TAGS:
housing
housing market
National Association of Realtors
existing home sales
new home sales
home prices

Home Prices Shoot Up—Is It Time To Make Your Move?

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Watching the housing market over the past several years has been a bit like watching paint dry, with the most exciting adjectives used to describe it being: flat, slow, and steady.

But today's existing home sales data could be an inflection point for the housing market. Sales increased more than 3 ...

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TAGS:
housing
housing market
existing home sales
National Association of Realtors
real estate
home prices

Will Mortgage Principal Reductions Work?

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Mortgage principal reductions are in the news again as Bank of America announced this week that it will offer them to more than 200,000 borrowers. Should more widespread programs come, principal forgiveness is most likely to be offered to borrowers who are deeply underwater and who have already ...

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TAGS:
loans
mortgages
home refinancing
Federal Housing Administration
Freddie Mac
Fannie Mae
housing market
housing

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