Real Estate News - Jack McSweeney

Real Estate News

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Homebuilder sentiment index falls in March (AP)	3/15/2010 2:13 PM
AP - Harsh winter weather and competition from deeply discounted foreclosures are putting a damper on sales prospects for homebuilders.
5 states rush plans for $1.5B in housing funds (AP)	3/15/2010 9:36 AM
AP - The five states hardest hit by the foreclosure crisis have been given only weeks to plan how to spend $1.5 billion in federal funding announced by the Obama administration last month.
Runaway Prius case presents nagging questions (AP)	3/13/2010 4:43 AM
AP - Investigators are confronted with a series of nagging questions as they try to unravel the case of a California real estate agent who said his Toyota Prius turned into a runaway death trap after the gas pedal became stuck.
Borrowers wait for answers on Obama loan plan (AP)	3/12/2010 3:34 PM
AP - Hundreds of thousands of homeowners are in limbo waiting to find out if they will be accepted for the Obama administration's foreclosure prevention program.
Wells Fargo, Baltimore in talks after mortgage suit (Reuters)	3/12/2010 1:31 PM
Reuters - Wells Fargo & Co said on Friday it is in talks with Baltimore officials that could avert further litigation by that city over the bank's mortgage lending practices.
"Cash for keys" aids home borrowers, investors (Reuters)	3/12/2010 1:21 PM
Reuters - Jon Daurio, chief executive officer of mortgage investor Kondaur Capital Corp., recently offered a $4,000 check to Barry Culver for the deed to his Bryan, Ohio house.
Homeowners seek help at Glendale foreclosure event (AP)	3/12/2010 11:04 AM
AP - Hundreds of homeowners trying to avoid losing their homes to foreclosure met with housing counselors and lender representatives at an event in Glendale on Thursday.
BofA mortgage modifications jump in March (Reuters)	3/12/2010 10:52 AM
Reuters - Bank of America Corp completed 20,666 mortgage modifications in March under a U.S. government-backed program, up 61 percent from February, the bank said on Friday.
Home Foreclosures Approach Peak Range (U.S. News & World Report)	3/12/2010 10:35 AM
U.S. News & World Report - Although the U.S. housing market witnessed its smallest annual increase in foreclosure activity in four years last month, distressed-property tallies are expected to remain in an elevated range for some time. Foreclosure filings were reported on more than 308,000 American homes in February, RealtyTrac said Thursday. That's a 2 percent decline from January but a 6 percent increase from a year earlier. All told, February represents the 12th consecutive month with more than 300,000 foreclosure filings.
UK home loans fall by half in January (AP)	3/12/2010 4:18 AM
AP - The value of home mortgage advances in January fell by half from December, when there was a late rush to complete deals before a tax break ended at the New Year, the Council of Mortgage Lenders said Friday.