Foreclosures are still impacting the housing market and this will likely continue through 2010. This Updated Field Guide provides foreclosure information and resources for REALTORS® and their clients, including information for those interested in investing in foreclosed properties.

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Mortgage interest rates change as often as two to three times in one day. Securing the lowest rate possible is every borrower’s goal. However, it’s impossible to time the finance market, just as it’s impossible to predict exactly when the housing market will peak or slide.

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Sometimes there are so many good topics out there to write about that we just don’t have time to cover them all in depth. In the same vein as our weekly recap, I wanted to touch on several interesting topics that have been both relevant and interesting this week.
J.P. Morgan Earns More than Expected in [...]

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U.S. home loan rates could rise by as much as three-quarters of a percentage point in the spring as the Federal Reserve ends its mortgage bonds purchase program, a top Fed policymaker said in an interview published on Saturday.
“You maybe would have thought you would have seen rates move up more quickly than [...]

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Last year, lenders often took three to six months to respond to a short-sale offer. If the response was no, the buyer was out looking for another home after having wasted a lot of time. Many buyers who expected short sales to be good deals shied away from them altogether after having a few bad experiences.

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Figures for September indicate that low mortgage rates and a tax credit are providing support for the hard-hit housing market.

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From Capitol Hill: Written Testimony before the House Financial Services Committee, Subcommittee on Housing and Community Opportunity on September 9, 2009
Chairwoman Waters, Ranking Member Capito and members of the Committee, thank you for the opportunity to testify today about the Treasury Department’s comprehensive initiatives to stabilize the US housing market and support homeowners…

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There’s a lot of free stuff out there. Erin Burt of Kiplinger.com — one of our favorite personal-finance websites — has compiled quite the list of free items being offered this year. As is the way with any list of freebies, some items are more worthwhile than others; some are hidden gems, while [...]

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