Fannie Mae, Freddie Mac, REO’s Indifferent to State Laws

December 8, 2009

As buyers actively pursue foreclosures in the country they may not be aware of certain statutes regarding the purchase of condominiums and/or properties located within a homeowners associations. In some instances condominium associations could be part of a homeowners association.
A prospective buyer should be sure the real estate agent they are selecting is aware of [...]

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Naples Real Estate News 07/18/08

July 19, 2008

MORTGAGE RATES
As investors’ fears that the Federal Reserve would soon tighten credit policy to stall inflation lessened, mortgage rates fell this week: 30-year mortgage rates averaged 6.26 percent, the lowest level in six weeks, according to Freddie Mac.
COUNTRYWIDE
A handful of states are suing Countrywide Financial Corp. for misleading borrowers, and Florida initiated its case on [...]

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Naples Real Estate News 07/17/08

July 18, 2008

FANNIE AND FREDDIE
Federal Reserve Chairman Ben Bernanke told Congress Wednesday that troubled mortgage giants Fannie Mae and Freddie Mac are in “no danger of failing.” However, he says that “weakness of market confidence” is hurting the companies.
STATE FARM
State Farm, Florida’s largest private property insurer, asked the state for an average rate increase of 47.1 percent [...]

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Naples Real Estate News 07/16/08

July 17, 2008

MORTGAGES
Local banks in Naples, Bonita Springs, Estero, through-out Florida, and the nation are telling investors that they should relax – “We’re fine.” A general fear of bank failures has made consumers wary of all financial institutions, even though most banks have no liquidity problems and very little risk.
HOMEBUYERS
There’s a dilemma for the nation’s lawmakers and [...]

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Naples Real Estate News 07/15/08

July 16, 2008

MORTGAGE REGULATIONS
The Federal Reserve issued new guidelines, effective Oct. 1, to curb shady lending practices. “It seems clear that unfair or deceptive acts and practices by lenders resulted in the extension of many loans, particularly high-cost loans, that were inappropriate for or misled the borrower,” says Fed Chairman Ben Bernanke.
HOUSING AID
The Fannie Mae/Freddie Mac problem [...]

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Naples Real Estate News 07/14/08

July 15, 2008

HOMEOWNERS INSURANCE
Start shopping around now for the best rates on homeowners insurance for your Naples, Bonita Springs or Estero residence. As the largest insurer of homes, condos and apartments in the state, Citizens Property Insurance has nearly 9,000 agents writing policies. But the insurance agents say that Citizens doesn’t pay them enough, especially in light [...]

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Naples Real Estate News 07/11/08

July 12, 2008

NAPLES HOUSING MARKET
The Naples home sales statistics don’t tell the whole story. In some areas, neighborhoods have not been hurt much by the housing slowdown, such as those close to business areas or good schools, while other neighborhoods have taken a greater hit. The same is true of the Bonita Springs and Estero areas.
MORTGAGE RATES
Rates [...]

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