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REAL ESTATE NEWS:
 
Con man could get life under Calif. 3-strikes law (AP)
9/2/2010 4:26 PM
AP - A man accused of bilking elderly South Los Angeles residents out of their homes in a foreclosure scam is facing a potential life sentence in a rare use of California's three-strikes law for a white-collar crime...Read More
 
Oil prices rise after mixed economic news (AP)
9/2/2010 2:51 PM

...Read More

 
Summary Box: Mortgage rates hit low of 4.32 pct. (AP)
9/2/2010 12:22 PM
AP - RECORD LOWS: Mortgage rates fell to the lowest levels in decades for the tenth time in 11 weeks, mortgage buyer Freddie Mac said Thursday. The average rate for a 30-year fixed loan was 4.32 percent. The 15-year fixed loan hit 3.83 percent...Read More
 
How to Get a Government-Backed, Zero-Down-Payment Mortgage (U.S. News & World Report)
9/2/2010 12:13 PM
U.S. News & World Report - More than four years after real estate values peaked, the historic plunge in home prices remains fresh in the minds of mortgage lenders. After taking painful losses on delinquent home loans, banks have imposed tougher standards--such as increased credit scores and higher down payment requirements--on applicants of all str...Read More
 
Pending home sales rise 5.2 percent in July (AP)
9/2/2010 12:12 PM

...Read More

 
Summary Box: Pending home sales up 5.2 pct in July (AP)
9/2/2010 12:00 PM
AP - PENDING HOME SALES RISE: The number of buyers who signed contracts to purchase previously occupied homes increased by 5.2 percent in July from June...Read More
 
Mortgage rates hit record low: Freddie Mac (Reuters)
9/2/2010 10:25 AM
Reuters - U.S. mortgage rates fell in the past week to the latest in a series of record lows as yields on government debt dropped, according to a survey released on Thursday by Freddie Mac, the second-largest U.S. mortgage finance company...Read More
 
Communities key in foreclosure fight: Fed officials (Reuters)
9/2/2010 9:44 AM

...Read More

 
Instant View: Pending home sales rise in July (Reuters)
9/2/2010 9:34 AM
Reuters - Pending sales of previously owned U.S. homes rose unexpectedly in July, an industry group said on Thursday, suggesting a tax credit-related housing market decline was close to bottoming...Read More
 
Mortgage rates hit decades-low of 4.32 percent (AP)
9/2/2010 9:27 AM

...Read More





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