Posts Tagged ‘Mortgages’

Ashford Hospitality Trust to Present at the Oppenheimer 8th Annual Consumer Growth Conference

Sunday, July 6th, 2008

Ashford Hospitality Trust, Inc. announced that it will provide an online audio simulcast of its presentation to the investment community at the Oppenheimer 8th Annual Consumer Growth Conference in Boston, July 8-10, 2008. The Company’s presentation will take place on Thursday, July 10, 2008, at 4:10 p.m. ET.
The live audio broadcast of Ashford Hospitality Trust’s [...]

Lenders pledge speedy response on loan help

Tuesday, June 17th, 2008

Mortgage companies, facing criticism that they aren’t doing enough to stem the housing crisis, are pledging to let troubled borrowers know whether they’re approved for help within 45 days of receiving a homeowner’s application.
The promise is expected to be announced Tuesday by the Hope Now alliance, a Bush administration-backed industry group, as part of a [...]

Option One: No Florida condo loans

Sunday, August 19th, 2007

Option One, the mortgage subsidiary of H & R Block said in a corporate bulletin on Aug. 3 that it will not accept mortgage submissions secured by condominiums in Florida.
It cut a break to some existing mortgage holders, while tightening regulations and requirements for new borrowers in other states.
Any three-year adjustable-rate mortgages (ARMs) [...]

Washtenaw home and condo sales plunge

Monday, July 23rd, 2007

In the first half of 2007, home and condo sales in Washtenaw County fell nearly 16 percent compared to the same period in 2006 - the largest midyear sales drop in at least seven years, statistics show.
“The inventory of homes is still very large and getting larger, in my opinion,” said Timm Williams, an [...]

Hawaii Sees Rise In Real Estate Foreclosures

Sunday, May 27th, 2007

The wave of real estate foreclosures on the mainland may at last be coming ashore in Hawaii.
Local foreclosure investors said there has been a big rise in foreclosure notices in recent months.
Hawaii still has one of the lowest foreclosure rates in the nation, but local investors said that for the first time in years, there [...]

Condo project is in default, No auction foreseen in Rodgers Forge

Thursday, April 19th, 2007

The recent rise in foreclosures isn’t hitting only homeowners.
An apartment complex just north of Baltimore that is in the midst of being converted to condominiums is in default and is to be auctioned off next month, the auctioneer said yesterday. Renovations of the 508-unit Rodgers Forge Condominiums, built about 1955, began last year as the [...]

A safety net for home sellers

Monday, April 16th, 2007

When Scott and Kimberly Eppert put their West Chester Township home on the market in November 2004, they had two children, a new home under construction in Milford and plenty of anxiety about selling their home during the holidays.
“We wouldn’t have been able to afford two mortgages. Not with the upgrades we made in our [...]

Real estate prices reach another record

Monday, April 16th, 2007

Southern California’s residential real estate market continued its wayward course in March with the median price reaching another record while sales declined to a 10-year low for that month, a market tracker said this week.
Last month the median price of a home in the six-county region rose an annual 4.6 percent to $505,000, said La [...]

Loan woes hit condo, homeowners associations

Sunday, April 15th, 2007

At Glen Waye Gardens Condominiums in Silver Spring, Md., 21 owners are more than 30 days behind on their monthly condo fees. Two other owners have not paid since they bought their units, one in April 2005 and the other in September 2006. Both properties went into foreclosure.
The lost fees, which make up 5 percent [...]

South Florida apartment market remains tight

Saturday, April 7th, 2007

The vacancy rates for South Florida apartments remain much lower than the national average, but there are signs monthly rent increases are starting to ease, according to a report released Wednesday.
Vacancies in Miami-Dade and Broward counties were both at 3.8 percent for the first quarter that ended March 31, according to numbers released Wednesday by [...]

Central Floridians Falling Victim To ‘Fastest-Growing’ Real Estate Scam

Thursday, March 1st, 2007

ORLANDO, Fla. - Dozens of Central Floridians claim they were lured into real estate deals that left them fighting for their financial lives in what may be one of the biggest scams in Central Florida, according to a Local 6 News report.
The report featured Joan and Mary, who asked to remain anonymous, and their complaints [...]

Community-based Organizations Help Consumers and Potential Homebuyers With Freddie Mac CreditSmart(R) Asian Guidebooks

Wednesday, February 28th, 2007

Freddie Mac introduces credit and homeownership guidebooks for the Asian American community in the languages of Chinese, Korean, Vietnamese and English. The CreditSmart® Asian guidebooks are the corporation’s newest educational tool for community-based organizations to use to educate consumers. While the Asian American community is the nation’s second-fastest growing minority population, the homeownership rate [...]


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