February 4, 2014
Bottom Line: Yellen is sympathetic to the unemployed. To spur employment, she could cut mortgage interest rates. Janet Yellen was confirmed as the new chair of the Federal Reserve System, or […]
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January 23, 2014
Home buyers in 2014 will take advantage of one of the most affordable times in history for housing. Each month the National Association of Realtors measures affordability using a proprietary […]
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January 14, 2014
The Employment Situation report, also known as nonfarm payrolls or simply the Jobs Report, is the single most influential piece of economic news each month, at least as far as […]
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January 11, 2014
Editor’s Note: The HARP program expired Dec. 31, 2018, but most homes have increased in value considerably since HARP rolled out. This means many homeowners may currently be eligible for […]
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January 8, 2014
The Department of Housing and Urban Development (HUD) made an official announcement that effective January 1, 2014, Federal Housing Administration (FHA) would be lowering lending limits for single-family homes. The […]
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January 3, 2014
The news is full of reports of rising interest rates and lower loan volume at lenders. But these factors have contributed to a 24% drop in the time it takes […]
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December 19, 2013
The Federal Reserve announced today that it will begin the long-awaited slow withdrawal from its mortgage rate reduction program in January 2013. The program, called Quantitative Easing, or QE3, has […]
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December 17, 2013
Former casino mogul Jack Sommer is selling his mansion in Las Vegas for $7.85 million or the equivalent in bitcoin. Bitcoin, a virtual currency that was invented in 2009, has […]
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December 11, 2013
In a 57 to 41 vote, Mel Watt was confirmed to replace Ed DeMarco as the new head of the Federal Housing Finance Agency, or FHFA. The confirmation is viewed […]
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December 6, 2013
We could see a big HARP 2.0 change that puts homeowners closer to HARP 3.0 by the end of 2013. The possible confirmation of Mel Watt (D., N.C.) as the […]
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