WASHINGTON – July 30, 2009 – Loans backed by the Federal Housing Administration (FHA) will be eligible for payment reductions similar to the Obama administration’s loan modification program, the government will announce Thursday. Effective Aug. 15, financially troubled homeowners who have an FHA-insured loan can apply for a modification under a program parallel to “Making […]
Archives: July 2009
Reports show economy mending
WASHINGTON – July 30, 2009 – Economic indicators keep saying what investors have known for months: Things are getting better. The latest government report to reinforce a more positive view of the economy’s health was the Federal Reserve’s “beige book,” released Wednesday, which indicated many parts of the nation are seeing economic stability. Earlier in […]
Frank threatens banks to stop foreclosures
WASHINGTON – July 30, 2009 – A senior House Democrat threatened banks Wednesday that if they don’t volunteer to save more homeowners from foreclosure, Congress will make them. In a sternly worded statement, Rep. Barney Frank said Congress will revive legislation that would let bankruptcy judges write down a person’s monthly mortgage payment if the […]
MLS stats
Check out these stats. Then ask the queston, has the real estate market in Pinellas County hit the bottom? 6-09_condo_quarterly_median_price_2001-2009 Single family median price 2001-2009 Sure looks that way, wouldn’t you say.. If I was a buyer who had been waiting for the bottom, I’d be getting out into the market to buy me a home. Call […]