Calif., Fla. Led in Homebuyer Tax Credits Claimed in FY 2009

UPDATED: April 4, 2010:  U.S. Treasury Officials today reminded potential first-time and repeat homebuyers that they have until April 30 to take advantage of up to $8,000 in tax credits that have already helped ...

FHA Chief: Mortgage Insurer is Not ‘the Next Subprime’ Crisis

The chief of the Federal Housing Administration insisted before a Congressional panel that his agency is not the next housing domino to fall, and that the FHA is on sound financial and policy footing as a result ...

Homebuyer Tax Credits Fail to Spur Existing Home Sales

Winter storms had some impact, but a 7.6 percent drop in the pending home sales index for January from the National Association of Realtors indicates expanded and extended homebuyer tax credits are not bolstering ...

Home Prices Stabilize, Rebound in Some Areas, NAR Says

Home prices stabilized in the fourth quarter of 2009, with the national median at $172,900 — 4 percent below the same quarter a year ago — but it’s the smallest decline in two years. The survey ...

Processing of Homebuyer Tax Credits to Ramp Up

The Internal Revenue Service this month is expected to begin processing the new form for those eligible to claim the first-time homebuyer tax credit, or for those long-term  homeowners who can also qualify for ...

Reports Keep Feeding Gloomier Outlook for Foreclosures

They seem to be coming more frequently – studies or hard numbers showing the foreclosure crisis is nowhere near peaking. The latest sobering report shows that Florida’s filings reached nearly 400,000 ...

Home Sales Stabilize as Tax-Credit Fever Ebbs

Pending sales of existing homes have stabilized, with a modest 1 percent increase in a key housing market index for December that remains above year-ago levels, according to the National Association of Realtors’ ...

Flipping Foreclosures: Will 90-Day Rule Waiver Ease Crisis?

U.S. Housing officials hope to ease the impact on communities hardest hit by foreclosures with a one-year waiver of its rule against providing FHA-insured mortgages on homes resold within 90 days. Beginning Monday, ...

FHA Foreclosure Rescues Now Provide Early Relief

Borrowers with federally-insured mortgages now don’t have to be late on their payments before qualifying for foreclosure help under an early relief program for those in “imminent default.” The ...

Tougher FHA Increases Premiums, Credit Standards

In new policies aimed at bolstering its depleted reserves, Federal Housing Administration officials today announced tougher measures for borrowers, including higher mortgage insurance premiums, tighter credit scoring ...
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