Survey: Lenders More Upbeat About Housing Recovery
“Mortgage lenders have been understandably guarded over the past five years. The improvement in their sentiment should be welcome news” for the industry, a FICO spokesman says.
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4.2M Borrowers to Start Receiving Foreclosure Payouts
Eligible home owners who underwent foreclosure in 2009 and 2010 will start receiving cash payments on Friday ranging from $300 to $125,000 as part of a $3.6 billion settlement over foreclosure mishandlings.
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Some Agencies Add New Services to Lure More Clients
Some real estate professionals say these hybrid agencies that combine multiple services can boost foot traffic, while others say they can be a distraction.
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Gov’t Tries to Unload Excess Properties
The General Services Administration is trying to unload a surplus of government buildings across the country through auctions and, most recently, by working with private developers to negotiate land swaps.
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Loan Demand on the Rise
Mortgage applications rose 5 percent last week as interest rates dropped to their lowest levels since January, the Mortgage Bankers Association reports.
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NAR Applauds FHA for Reforms
The FHA has already taken a number of significant steps to mitigate risk and increase the solvency and strength of the mortgage-insurance fund, but more reforms are necessary, NAR says.
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