Fed Chairman Bernanke Tells U.S. Home Builders Market in Transition, REO-to-Rental Programs Not a ‘Silver Bullet’

Ben S. Bernanke, Fed Chairman Today Fed Chairman Ben Bernanke gave a thought-provoking speech on the state of the U.S. housing market to the nation’s top home builders gather at the National Association of Home Builder’s (NAHB) annual International Home Builder Show in Orl
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Federal Government, State Attorneys General Reach Landmark $25 Billion Mortgage Abuse Settlement with Top Five U.S. Mortgage Servicers

Attorney General Eric H. Holder, Jr. Today the U.S. Attorney General Eric Holder, Department of Housing and Urban Development (HUD) Secretary Shaun Donovan, Iowa Attorney General Tom Miller and Colorado Attorney General John W. Suthers announced today that the federal government and 4
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Asian stocks rise, U.S. jobs gain outweighs Greece (Reuters)

Reuters – Asian shares rose on Monday as surprisingly robust U.S. jobs data bolstered investors’ risk appetite, but the euro sagged on worries over a lack of progress in Greek debt restructuring talks which are vital to containing the euro zone crisis. Yahoo! News: Busines
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U.S. Mortgage Rates End 2011 Near Record Lows

Frank Nothaft Based on Freddie Mac’s latest Primary Mortgage Market Survey (PMMS), average fixed mortgage rates finishing the year near their all-time historic lows helping to keep homebuyer affordability high. Averaging 3.95 percent, the 30-year fixed has been at or below 4.00
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Market ignores Europe, rises on U.S. data (Reuters)

Reuters – U.S. stocks rose on Thursday, as signs of strength in the economy and higher-than-expected profit at FedEx outweighed more warnings about Europe. Yahoo! News: Business News
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Three of Four Major Investor Groups in U.S. Increased Their Multifamily Holdings in 3Q

According to the Mortgage Bankers Association (MBA), the level of commercial and multifamily mortgage debt outstanding was essentially unchanged in the third quarter of 2011, as three of the four major investor groups increased their holdings. The $ 2.4 trillion in commercial/multifam
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CBRE Arranges Land Sale Among Largest in U.S. History

National Real Estate Investor
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U.S. Home Prices Slightly Dip in 3Q, Back to 2003 Levels

According to the latest S&P/Case-Shiller Home Price Index released today, home prices nationally did not register a significant change in the third quarter of 2011, with the U.S. National Home Price Index up by only 0.1% from its second quarter level. The national index posted an
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Fitch warns of U.S. downgrade if no budget deal in 2013 (Reuters)

Reuters – Fitch Ratings gave the United States until 2013 to come up with a “credible plan” to tackle its ballooning budget deficit before it downgrades the country’s coveted AAA rating. Yahoo! News: Business News
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ARMs Hit New Record Lows in U.S. as 30-Year Fixed-Rate Mortgage Average 3.98%

Frank Nothaft Based on Freddie Mac’s latest Primary Mortgage Market Survey (PMMS), fixed mortgage rates changing little and remaining near their historic lows while adjustable-rate mortgages averaged new record lows. The 30-year fixed has averaged at or below 4 percent for the f
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