Signs of a Real Estate Recovery?

Signs of a Real Estate Recovery? The number of home owners who were put on notice for defaulting on their mortgage payments dropped last month to the lowest level since 2006, RealtyTrac reports. Meanwhile, foreclosure filings for the eighth straight month also were down as filings fell 33 percent in May compared to a year…

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Bank of America to Accept FHA Mortgages with Credit Scores Under 600

Bank of America to Accept FHA Mortgages with Credit Scores Under 600Bank of America Home Loans recently changed underwriting standards for the FHA loans it provides through its mortgage loan officers for FHA purchase mortgages. Bank of America will increase its flexibility on FICO score requirements and allow borrowers with minimum FICO scores of 580…

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Mortgage Applications Surge Amid Falling Rates

Mortgage Applications Surge Amid Falling Rates More people are applying for mortgages: Applications for home mortgages had their largest increase in three months due to falling record-low interest rates, the Mortgage Bankers Association reports. MBA’s seasonally adjusted index of mortgage application activity increased 13 percent for the week ended June 10. That marks the index’s…

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Don’t Do These at Home: 3 Big Remodeling Mistakes

Don’t Do These at Home: 3 Big Remodeling Mistakes June 13, 2011 by Melissa Tracey · Leave a CommentFiled under: Remodeling Adviser By Melissa Dittmann Tracey, REALTOR® Magazine Remodeling a kitchen, bathroom, or other room to increase a home’s value can be a good idea, but home owners need to be careful when undergoing a…

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7 Highest-Performing Major Housing Markets

7 Highest-Performing Major Housing Markets Several real estate markets are starting to show signs of improvement with home prices in the last quarter as the industry demonstrates more signs of stabilizing, according to Clear Capital’s latest monthly Home Data Index Market Report. REO saturation rates have improved in the majority of the country’s largest markets.…

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