by John TayebApril 4, 2010
Foreclosures
The government’s newest housing rescue effort, which was announced Friday, includes these key tenets:
As much as $14 billion of the Troubled Asset Relief Program (TARP) will be made available to pay for writing down second liens for loans whose borrowers refinance through the Federal Housing Administration.
Lenders that facilitate refinances through the FHA will [...]
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by John TayebMarch 23, 2010
Foreclosures
Existing-home sales declined slightly in February, with modest gains in the Northeast and Midwest offset by softer sales in the South and West, according to the National Association of REALTORS®.
Existing-home sales, which are finalized transactions that include single-family, townhomes, condominiums, and co-ops, slipped 0.6 percent nationally to a seasonally adjusted annual rate of 5.02 million [...]
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