From the category archives:

National real estate

City Government Officials to the Rescue of Foreclosure Ridden Areas

by Peter Toner General
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Would you believe it? In some areas of the nation, it is the city that is the one stepping up to the plate to assist areas hardest hit by the mortgage meltdown. Seems a bit far fetched, but according to many recent reports it is quite true. While the federal government is dragging their feet [...]

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Update to FHA Foreclosure Purchase Rules

by Peter Toner General
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Looking to purchase a Foreclosure property? The Bush Administration’s latest announcement just made it easier. For the next year, FHA will be allowed to insure mortgages to purchase foreclosure properties that have been in the seller’s possession for less than 90 days. Previously, FHA was not able to insure such homes with the intention of [...]

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Frustrated with Fannie & Freddie… Try a VA!

by Peter Toner General

With all the stipulations to Fannie Mae and Freddie Mac loans, many are now feeling frustrated with the loan approval process. There is one type of loan that often gets underestimated and it’s the good ol’ VA loan. If you are active or retired military, or have served with the National Guard or Reserves don’t [...]

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Fannie Mae Down Payment Requirements Fall to a Minimum of 3-5%!!

by Peter Toner General
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The rumor is true. Fannie Mae has done away with their previous high          down-payment requirements for distressed markets. They are now          accepting down-payments from 3-5% for all loans that it guarantees for homes in areas of declining value! Fannie Mae hopes that in changing their down-payment policy it will in turn encourage those buyers who [...]

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Wall Street Journal Says “Home Buyer’s, Start Your Engines!”

by Peter Toner General
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Just as you are probably saying right now we too said, “What?” Could it be that the media has finally decided to portray the housing industry in a positive light?? Well now let’s not get ahead of ourselves…notice the key words “Start Your Engines,” as you can see there is no advice to start a road [...]

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The Housing Chart that Has Everyone Talking

by Peter Toner General

The chart above had writers on Wall Street Journal’s website buzzing this week about whether or not it’s a sign our housing market has bottomed…. and will it now begin to slowly recover? How you ask? Well… the chart above was created by one of the housing market’s leading experts, Professor Karl E. Case, who [...]

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