Fox Lake Towing and Recovery

Tag: fha

Obama’s Mortgage Reforms: Stronger Standards but Higher Costs

by on Feb.13, 2011, under Towing

The administration’s proposed revamp of Fannie Mae and Freddie Mac is actually an offering of multiple policy options, essentially passing the political hot potato to the Republicans. Problem is, any fix is sure to make mortgages costlier, with potential harm to the housing market.

Continue reading Obama’s Mortgage Reforms: Stronger Standards but Higher Costs

Obama’s Mortgage Reforms: Stronger Standards but Higher Costs originally appeared on DailyFinance on Sun, 13 Feb 2011 10:00:00.

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The 2011 Housing Market Outlook: Unsettled, Underwater and Unsold

by on Dec.06, 2010, under Towing

Sales agreements for previously occupied homes rose 10.4 % in October. But that one spark of hope comes against a backdrop of declining prices, bulging inventories and ongoing legal issues around foreclosures. Don’t count on a real estate recovery next year.

Continue reading The 2011 Housing Market Outlook: Unsettled, Underwater and Unsold

The 2011 Housing Market Outlook: Unsettled, Underwater and Unsold originally appeared on DailyFinance on Mon, 06 Dec 2010 11:30:00.

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The 2011 Housing Market Outlook: Unsettled, Underwater and Unsold

by on Dec.06, 2010, under Towing

Sales agreements for previously occupied homes rose 10.4 % in October. But that one spark of hope comes against a backdrop of declining prices, bulging inventories and ongoing legal issues around foreclosures. Don’t count on a real estate recovery next year.

Continue reading The 2011 Housing Market Outlook: Unsettled, Underwater and Unsold

The 2011 Housing Market Outlook: Unsettled, Underwater and Unsold originally appeared on DailyFinance on Mon, 06 Dec 2010 11:30:00.

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Banks Tighten Mortgage Standards for FHA-Insured Loans

by on Nov.17, 2010, under Towing

Bank of America and Wells Fargo were among banks that tightened credit standards for mortgages insured by the Federal Housing Administration in a move that may put a crimp in the U.S. housing recovery by effectively eliminating 6.3 million people from the potential home buying pool.

Continue reading Banks Tighten Mortgage Standards for FHA-Insured Loans

Banks Tighten Mortgage Standards for FHA-Insured Loans originally appeared on DailyFinance on Wed, 17 Nov 2010 16:24:00.

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