From the monthly archives:

May 2008

A bit of good news for real estate values ?

May 29, 2008

From TucsonMortgageBlog.com
http://www.tucsonmortgageblog.com/18-of-20-real-estate-markets-show-signs-of-improvement/
In 18 of the 20 largest metropolitan areas, home values declined at a slower pace than in the previously measured month. The report also showed that national home prices are down 14.4 percent from March 2007.
Unfortunately, it’s the more sensational 14.4% figure that newspapers chose to report this morning. If you never [...]

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Domain Names and the Mortgage Business

May 25, 2008

Its amazing in 2008 you would still have to convince small business and big business that they need a REALLY GOOD domain name. Need a loan in Arizona? How about Arizonaloans.com. Want to read a blog on the Tucson Mortgage market? Perhaps TucsonMortgageBlog.com is a good place to start.
In the rush [...]

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Pent-Up Mortgage Demand – Buyers are Ready to Buy

May 19, 2008

Source: http://uk.reuters.com/article/bankingFinancial/idUKN1643735120080516
A new policy on mortgage down payment requirements from Fannie Mae (FNM.N: Quote, Profile, Research) is “sound,” and could help unleash pent-up demand, James Lockhart, director of the Office of Federal Housing Enterprise, said on Friday.
“There is pent-up demand for housing,” Lockhart told reporters after a speech at the Federal Reserve Bank of Chicago’s [...]

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Fannie Mae sees sharper home-price declines, loses $2.2B

May 6, 2008

WASHINGTON — The steeper slide in home prices is accelerating the pace of foreclosures, Fannie Mae said Tuesday as it outlined plans for shoring up its finances following a $2.2 billion first quarter loss.
While the nation’s largest buyer of home loans will slice its dividend and attempt to raise $6 billion, mostly by issuing new [...]

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