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Corelogic: Non-distressed Prices are Stabilizing

Friday, April 8, 2011

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Nationally home prices fell for the seventh month in a row in February according to the CoreLogic HPI, declining by 6.7 percent year over year after declining by 5.5 percent in January 2011 compared to January 2010.

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Rural Foreclosures: The Hidden Heartland Inventory

Monday, December 6, 2010

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You've heard of the Shadow Inventory?  The Heartland's foreclosure inventory isn't in a shadow.  It's totally hidden.

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Consensus Sees Better Sales by Mid 2011

Sunday, November 21, 2010

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Though most forecasters are bearish on the outlook for property values next year, due largely to the overhang of foreclosures that is worsening with the self-imposed moratoria by several big lenders, a consensus is building for improved demand by next summer as the overall economic picture brightens.

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Fannie and Freddie Trump Homebuyer Tax Credit

Friday, October 22, 2010

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Keeping Freddie and Fannie solvent has cost taxpayers six times as much as the homebuyer tax credit and, depending on the economy, could just about equal the cost of mortgage interest deduction over the next two years, according to projections released yesterday by the Federal Housing Finance Administration.

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Fannie Confirms Delinquencies Declining

Friday, October 1, 2010

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In its second quarter report, Fannie Mae confirmed what others have previously reported:  since the first of the year, serious mortgage delinquency rates have slowly but steadily declined.

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Mortgage Modifications are Sticking

Wednesday, September 29, 2010

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Though the Administration's Home Affordable Modification Program (HAMP) is falling far short of its goal of helping three to four million homeowners, the program is succeeding at helping those who do make through the program are stay current on their payments and avoid re-default.

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Nine of Ten Consumers Postponing Big Purchases Through 2010

Thursday, September 9, 2010

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Fear that a double dip recession will threaten their personal finances is driving nine out of ten potential buyers out of the market for big ticket items like homes and cars for at least the next three to four months, according to a new national consumer survey released today.

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Move-up Buyers Claim One Third of Tax Credits

Wednesday, September 8, 2010

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Preliminary reports indicate that more existing homeowners than expected took advantage of the homebuyer tax credit to help buy a new home this year.

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Donovan Floats Tax Credit Balloon

Monday, August 30, 2010

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After admitting twice that the July home sales numbers released last week were "clearly worse than we expected," HUD Secretary Shaun Donovan did not rule out the prospect that the Administration will revive the homebuyer tax credit that expired April 30.

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Geithner Blasts Fannie and Freddie

Tuesday, August 17, 2010

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He also announced the Administration will not support returning Fannie and Freddie to the role they played before they entered conservatorship in 2008, "where they fought to take market share from private competitors while enjoying the privilege of government support."

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