Home Sellers Step Up as Last-Resort Lender to Poor-Credit Buyers (Bloomberg)

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By Prashant Gopal – May 10, 2011 9:00 PM PT Financing provided by home sellers, popular in the 1980s when mortgage rates reached 18 percent, is making a comeback in markets such as Michigan that have been hit hard by foreclosures. Sue and Douglas Reed knew no bank would give them a mortgage — not… Read More

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Mortgage applications rose last week (AP)

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The number of people applying for a mortgage rose last week as lower rates lured more borrowers to refinance. The Associated Press NEW YORK — The number of people applying for a mortgage rose last week as lower rates lured more borrowers to refinance. The Mortgage Bankers Association said Wednesday its overall mortgage application index… Read More

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10 Resourceful Real Estate Tips For 2011

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by Steve McLinden Friday, January 7, 2011 Must we endure yet another year of housing crisis? What choice do we have? No amount of optimistic projections and statistical manipulation can remedy this protracted housing pain. Historically speaking, five to seven years has been a standard interval for house prices to stabilize following serious corrections. By… Read More

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Current Mortgage Trends (Seattle Times)

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Mortgage trends to watch at year’s end By HOLDEN LEWIS Bankrate.com Related Mortgage rates will remain low, getting a home loan will continue to take a long time and refinancers will be tempted by mortgages with zero-closing costs. Those are some of the trends industry insiders may see as the year closes out. Mortgage rates… Read More

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Fannie Mae and Freddie Mac Gov’t support (Associated Press)

Fannie, Freddie prove too big for government to shirk The government’s Christmas Eve pledge of unlimited financial aid to mortgage giants Fannie Mae and Freddie Mac is to make sure the housing market doesn’t deteriorate further, but it will cost taxpayers much more. By ALAN ZIBEL The Associated Press PREV 1 of 2 NEXT AP… Read More

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