From the monthly archives:

January 2010

Principal Cuts May Prevent Foreclosures

by Tayeb Realty GroupJanuary 10, 2010 Foreclosures

At least 7 million borrowers will lose their homes this year and next unless there is a broad increase in property values or lenders become much more willing to cut the principal on mortgage loans, an analyst with Amherst Securities Group told the U.S. House Financial Services Committee last month. That testimony has motivated Federal [...]

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Cobbling Together the Cash to Go Conventional | Five ways to afford a sizeable down payment

by John TayebJanuary 8, 2010 general

Five ways to afford a sizeable down payment Most mortgages today require a 10 to 20 percent down payment, so you may have to get creative to get the cash. The days of “zero down” are all but gone. A minimum of 10 percent down is getting to be the standard and some mortgage lenders [...]

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Pending Home Sales Down from Surge but Higher than a Year Ago

by John TayebJanuary 8, 2010 Foreclosures

Contract activity for pending home sales fell after a surge of activity in preceding months to beat the original deadline for the first-time home buyer tax credit but remains comfortably above a year ago, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contracts signed in November, [...]

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