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Real Estate | General Info

Are Couples Staying Together for the House?

by Tayeb Realty GroupJuly 21, 2011 Housing Market News Update

A new study by the American Economic Review (AER) identifies a correlation between lower divorce rates and home price declines. According to Census data, the divorce rate fell to 46 percent in 2009 from 50 percent in 1996. Essentially, AER says couples are more likely to divorce when equity gains make it possible for them [...]

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Fannie, Freddie May Lose Top Credit Rating

by John TayebJuly 20, 2011 commercial real estate

Standard & Poor’s cautioned Fannie Mae and Freddie Mac that they may lose their top credit ratings if lawmakers don’t soon raise the government’s borrowing limit to avoid default. The S&P also said that the government-sponsored enterprises could potentially default on their debts since they are so reliant on the U.S. government for funding. Fannie [...]

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Help on the Way for Underwater Home Owners?

by Tayeb Realty GroupJuly 20, 2011 Foreclosures

A bill introduced in the Senate aims to remove barriers for underwater home owners looking to refinance. “The Helping Responsible Homeowners Act” would order Fannie Mae and Freddie Mac to waive fees and remove barriers that are keeping underwater borrowers from refinancing to lower mortgage rates. The bill, authored by Sen. Barbara Boxer, D-Calif., has [...]

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