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June 3rd, 2010 |
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Los Angeles Times
Seller concession rules for FHA mortgages to be changed
One of the key attractions of FHA home mortgage financing is going, going, but not quite gone. Sellers and buyers who move fast can still make the most of it.
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The New York Times
Private mortgage insurance easier to obtain.
With private mortgage insurance considerably tougher to get last year than at any point in decades, many borrowers flocked to loans insured by the Federal Housing Administration.
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The Wall Street Journal
More bank-owned homes likely to hit the market
It’s a bit like guessing how many pennies are in a gallon jug at the state fair, but housing analysts keep trying to count how many foreclosed homes bank and mortgage investors own.
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The Wall Street Journal
Luxury sales bounce back.
After a near-disastrous 2009, the luxury market appears to be making a comeback, driven by growing buyer confidence, improved financing conditions, and more-realistic seller pricing.
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CNN Money
Want a loan modification?
Get your paperwork ready.Attention delinquent borrowers: If you want to get into the Obama administration’s mortgage modification program, you’d better have your paperwork ready.
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San Diego Union-Tribune
Mortgage rates and a choice.
With mortgage rates again nearing their 50-year low, would-be buyers and homeowners have to make a choice: Buy or refinance now and lock in the rate; wait and hope rates sink even lower, as some economists are expecting; or watch rates rise to as much as 5.5 percent, as other economists predict, and make up the difference by an expected 5 percent dip in home prices.
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msnbc.com
Recovery reaches New York, L.A.
The recovery has finally begun in the nation’s two largest metro areas, New York and Los Angeles, according to the latest Adversity Index data from Moody’s Economy.com and msnbc.com.
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