Mortgage Volume Up 7.5%, Rates Down
Home loan demand rose during the week ended Aug. 29. Refinancing requests made up 34 percent of all application volume.
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Police Arrest Couple in CraigsList Rental Scam
A Las Vegas man and a female assistant have been jailed for renting out vacant homes belonging to seasonal residents.
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Atlanta Named Best City for Singles
To determine which U.S. cities are most comfortable for soloists, Forbes magazine ranked the 40 largest metro areas in seven categories.
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Falling Home Prices Curb Divorce Rate
When there’s less home equity to split, couples are less likely to divorce, says research by U.K.-based real estate company Savills.
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And They Could Call It Frannie
Although it’s unlikely Freddie Mac and Fannie Mae will merge, such a move could reduce operating costs by about $1.2 billion a year.
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Toll Bros. CEO Scared About NYC Market
Many potential buyers of Toll’s upscale Murray Hill condo project in New York are employed in the troubled financial services industry.
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New Mortgage Law Has Buyers Scrambling
Buyers are quickly trying to take advantage of seller-funded downpayment assistance before a federal ban on such programs takes effect on Oct. 1.
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California Close to Having One Statewide MLS
The California Association of REALTORS(R) is one step closer to merging most of the state’s Multiple Listing Services into one CALMLS.
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Foreigners Take Advantage of U.S. Bargains
Foreigners spent $52.2 billion on U.S. commercial real estate in 2007, double the previous year’s total.
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Trump Saves Ed McMahon From Foreclosure
Donald Trump says he will step in and buy Ed McMahon’s foreclosed home and lease it back to the show host.
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Study: Appraisal System Lacks Oversight
More than 20 states and U.S. territories are unable to investigate and resolve appraisal complaints within the one-year federal deadline, an Associated Press review reveals.
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Economists Predict Fannie, Freddie Bailout
Economists surveyed by the Wall Street Journal said they believe the odds are greater than 50/50 that the U.S. government will spend tax dollars to prop up Fannie Mae and Freddie Mac.
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