The Federal Housing Finance Agency announced a new policy to speed up the process that mortgage servicers use to handle short sales, deeds-in-lieu, and deeds-for-lease for mortgages that are backed by Fannie Mae and Freddie Mac.
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Nationwide median list prices rose more than 5 percent in March compared to February, according to Realtor.com housing data of 146 markets. The median list price nationally is now $189,900.
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Investors are viewing college towns as offering big opportunities in purchasing homes at bargain prices and finding stable rental returns, regardless of any ups and downs in the economy, CNNMoney reports.
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The National Fair Housing Alliance has filed a second discrimination lawsuit against a bank, and said more are coming, over allegations that banks are taking better care of foreclosures in predominantly white neighborhoods than foreclosures in minority areas.
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The IRS is warning taxpayers to beware of tax-related phishing schemes that try to get you to visit fraudulent web sites and input your sensitive financial information.
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30 Under 30 Readers’ Choice Winner Announced
With a record-setting 257,719 votes, Timothy Ho, a buyer specialist with Energized Realty Group in Whitestone, N.Y., is the winner of this year’s 30 Under 30 – 50 Finalists Readers’ Choice Award.
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