The Federal Housing Administration announced it will begin selling off distressed mortgages in bulk, which may help prevent foreclosures for thousands of home owners. Beginning in September, FHA says it hopes to sell 5,000 mortgages each quarter.
Where are some great buys for first-time home buyers?
Fixed-rate mortgages have been at all-time lows for nearly six weeks, increasing home buyers’ purchasing power and helping to trim home owners monthly mortgage payments—at least for those who qualify.
Franchise giant Realogy Corp., which operates such real estate brands as Century 21 and Coldwell Banker, plans to go public soon, according to forms filed under its parent company, Domus Holdings Corp. The filing comes almost six years after the company was taken private by a hedge fund in 2006.
LinkedIn Corp. is reassuring its customers that their data is safe, following a security breach that exposed about 6.5 million of its members’ passwords on an unauthorized web site last week.
The various small businesses that drive the country’s housing market are reporting signs that the industry may be making a real and sustained comeback.