Loan Modifications

By admin

Number of permanent modifications increases by 45 percent WASHINGTON, DC – The U.S. Department of the Treasury and the Department of Housing and Urban Development (HUD) today released February data for the Administration’s Home Affordable Modification Program (HAMP). As of the end of the month, more than one million borrowers were receiving a median savings...
Read more »

Housing Starts

By admin

NEW RESIDENTIAL CONSTRUCTION IN FEBRUARY 2010 BUILDING PERMITS * Privately-owned housing units authorized by building permits in February were at a seasonally adjusted annual rate of 612,000. This is 1.6 percent (±1.0%) below the revised January rate of 622,000, but is 11.3 percent (±1.8%) above the February 2009 estimate of 550,000. * Single-family authorizations in February were...
Read more »

National Flood Insurance

By admin

Madison, Wisconsin — The National Flood Insurance Program (NFIP) had its roots in the 1800s as the country recognized the federal government must play a leading role in controlling and responding to floods. Two previous chronological articles traced the evolution of a National Flood Insurance Program from its origins in a Supreme Court ruling of...
Read more »

Flood Protection And Insurance

By admin

* Did you know that you have to purchase flood insurance seperately from your homeowner’s insurance policy? * Did you know flood insurance only covers up to $250,000? * Did you know flood insurance does not cover anything in your basement? Partnership To Encourage Flood Safety As one of the snowiest winter seasons in many years yields to...
Read more »

Neighborhood Stabilization Boot Camp

By admin

BOSTON, MA – Dozens of local officials from 12 of the regions hit hardest by the housing crisis are meeting at Harvard University March 14 -16 to develop new strategies for stabilizing neighborhoods that experience large numbers of foreclosures. The Boot Camp will convene teams of government officials, nonprofits and real estate firms from...
Read more »

Proactive Disaster Homeowner’s Insurance Policy

By admin

Washington, DC — U.S. policy toward natural catastrophe risk is largely reactive and a comprehensive, forward-looking national natural disaster policy is needed, the National Association of Realtors® said in testimony to two House panels today. Charles McMillan, immediate past president of NAR, told Congress that it must improve affordability of property insurance for natural disasters. “NAR,...
Read more »

Low Rates Help Make Home Buying More Affordable

By admin

McLean, VA – Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 4.97 percent with an average 0.7 point for the week ending March 4, 2010, down from last week when it averaged 5.05 percent. Last year at this time, the...
Read more »

Fannie Mae Gives 3.5 Percent Seller Assistance

By admin

Incentive Part of Ongoing Effort to Stabilize Neighborhoods WASHINGTON, DC — Fannie Mae (FNM/NYSE) announced today that people purchasing a Fannie Mae-owned HomePath® property will receive up to 3.5 percent of the final sales price to be used toward closing cost assistance or their choice of appliances. The offer is available to any owner-occupant who...
Read more »

Homeowner Mortage Help

By admin

Freddie Mac is a company that helps fund mortgages. From the start to finish, we ask the same questions: Do our credit policies and mortgage practices advance responsible lending? The principles drive our business. They also reflect the public mission in our congressional charter. And together, they have led Freddie Mac to take on a greater...
Read more »

Real Estate Hardest-Hit Fund

By admin

WASHINGTON, DC — The Obama Administration released the next steps in the recently announced Housing Finance Agency Innovation Fund for the Hardest Hit Housing Markets (“HFA Hardest-Hit Fund”). On February 19, 2010, President Obama announced additional funding for innovative measures to help families in the states that have been hit the hardest by the aftermath...
Read more »

Avoiding Foreclosure

By admin

Contact Your Lender to Avoid Foreclosure Many people avoid calling their lender when they have money troubles. Most of us are embarrassed to discuss our money problems with others or believe that if lenders know we are in trouble, they will rush to collection or foreclosure. Foreclosure is expensive for lenders, mortgage insurers and investors. HUD/FHA,...
Read more »

Alert: Mortgage and Loan Modification Scams

By admin

WASHINGTON, DC – The U.S. Department of Housing and Urban Development, in partnership with the Loan Modification Scam Prevention Network, today announced the launch of PreventLoanScams.org. “ Homeowners at risk of foreclosure can be easy prey for home loan modification scammers. Often, dishonest individuals lure vulnerable homeowners into foreclosure rescue scams by making false promises. Scammers...
Read more »

RSS Greater Philadelphia Region

  • Philadelphia Gun Violence
    PHILADELPHIA – The Philadelphia Gun Violence Task Force today announced the arrest of as many as 34 suspects accused of illegal gun trafficking, straw purchasing and other firearm offenses. Attorney General Tom Corbett, Philadelphia District Attorney Seth Williams, and Philadelphia Police Commissioner Charles Ramsey said the arrests are part of an ongoing ef […]
  • Classic Stone Tudor Home in Wynnewood PA
    FOR IMMEDIATE RELEASE Andrea Robbins, REALTOR, with Re/Max Executive Realty in Bryn Mawr PA presents a Classic Stone Tudor in Wynnewood, PA. Look No Further! Charming straight thru center hall stone Tudor home situated on a .23 acre landscaped property . Generously proportioned rooms, sun filled interior, 15 yr young country kitchen, formal living & dini […]