News and Information - Stacy Magid

Real Estate News

Home mortgage rates and real estate news - CNNMoney.com
FDIC's Bair pushes mortgage plan	11/14/2008 1:16 PM
In a surprise move, FDIC Chairwoman Sheila Bair Friday unveiled details of her plan to have the government help delinquent homeowners.
Fannie-Freddie plan: Not for all	11/14/2008 1:16 PM
Mortgage giants Fannie Mae or Freddie Mac may back 30 million mortgages. But that doesn't mean that the new foreclosure prevention program announced this week by the Bush administration will rescue every troubled borrower on their books.
Mortgage rates down for 2nd week	11/13/2008 12:06 PM
Mortgage rates fell for the second week in a row, finance firm Freddie Mac said Thursday, as the weakening economy resulted in the slowest pace of home purchase applications in nearly eight years.
85,000 homes lost in October	11/13/2008 2:04 PM
As government and industry scrambled to stem the housing crisis, another 84,868 homes were lost to foreclosure in October, according to a report released Thursday.
U.S. mortgage plan falls short	11/12/2008 8:44 AM
The federal government's plan to streamline modifications of troubled loans held by Fannie Mae and Freddie Mac won't help the majority of people threatened with foreclosure, experts said.
Latest home prices - first quarter	10/2/2008 3:27 PM
Single-family home prices dropped 7.7% in the first quarter in the largest year-over-year decline since the National Association of Realtors began reporting prices in 1982.
Where home prices are headed next	5/19/2008 10:23 AM
The housing implosion is nowhere near over. In 75 of the 100 top U.S. cities, prices are expected to fall in the next 12 months according to Fiserv Lending Solutions.
U.S. unveils mortgage plan	11/11/2008 4:52 PM
The Bush administration on Tuesday unveiled a new program to modify mortgages and stabilize the battered real estate market, but the plan stops short of providing direct government financial help to at-risk homeowners.
Citi to modify $20 billion in home loans	11/11/2008 9:25 AM
Citigroup says it will expand its foreclosure prevention efforts and try to keep 130,000 troubled borrowers with $20 billion in mortgages in their homes.
House hearing spotlights mortgage rescue plans	11/12/2008 12:34 PM
Rep. Barney Frank, chairman of the House Committee on Financial Services, highlighted the need for a bailout program for troubled homeowners on Wednesday. But he stressed that not all borrowers should necessarily be rescued.

Real Estate News