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Fannie Mae, one of the nation’s mortgage giants, announced new lending restrictions that might make it even more difficult for some home buyers to qualify for a loan. New applicants and home owners looking to refinance may find they have to meet more stringent standards, such as in meeting new loan-to-value ratios in qualifying for a mortgage. For example, Fannie announced that the maximum loan-to-value ratios permitted will now be 90 percent, down from 97 percent. Also, the GSE says that some loans will now require higher credit scores. For […]

The U.S. home ownership rate has sunk lower, reaching a 50-year low at 62.1 percent, according to a new report from John Burns Real Estate. The rate differs from what the Census Bureau is reporting of 65.5 percent. John Burns Real Estate says the difference in the figures is that the Census Bureau counts home owners who are 90 days or more delinquent on their mortgage, which stands at about 3.8 million home owners who are at risk of losing their homes. “We are confident home ownership will come back,” […]

Americans are getting more optimistic about their financial future, and they believe housing still plays an important part in that, according to a poll of 1,000 to 2,000 people conducted by FTI Strategic Communications. Sixty-two percent of Americans say they expect the economy to improve within the next year. What’s more, 73 percent of those surveyed say home ownership is part of achieving the American Dream. According to the survey, Americans believe they increasingly hold their financial fate, with 60 percent saying that they can be comfortable financially by working […]

Buying and owning a home can be one of life’s greatest endeavors. So when you make that well, thought-out desision to buy and/or sell , it can be both an exciting and scary process. That’s why I find that the most important task is to find the right partner, someone who is dedicated, trustworthy and will work with you from “Start to Finish.” I specialize in Eastern Monmouth County, New Jersey, “The Beautiful Jersey Shore” and being a lifelong resident, my knowledge of the area is boundless. I look forward […]

For unattached home buyers who have a lot of money to spend, they might want to target one of the following cities, according to a recent “Best Places to Live” list compiled by CNNMoney. 1. Newton, Mass. Single population: 31.2% Median family income: $145,639 2. Hoboken, N.J. Single population: 59.9% Median family income: $140,780 3. Brookline, Mass. Single population: 41.8% Median family income: $139,756 4. Arlington, Va. Single population: 41.5% Median family income: $132,580 5. Redondo Beach, Calif. Single population: 33.6% Median family income: $118,525 6. Irvine, Calif. Single population: […]

Fixed-rate mortgages rose for the fourth week in a row along with other long-term yields after hitting a historic low amid continued positive housing data. The Freddie Mac survey showed the 30-year FRM averaged 3.66% for the week ending Thursday, up from last week’s rise to 3.62%. Last year at this time, the 30-year FRM averaged 4.22%. The 15-year FRM, a popular refinancing choice, averaged 2.89%, ticking up from last week’s 2.88%. A year ago, the average rate for a 15-year FRM was 3.44%. Five-year, Treasury-indexed, hybrid adjustable-rate mortgages averaged […]

My partner and I, along with our 11 year old son love living in Omaha and would love to assist you with any of your real estate needs. I am a GLBT Realtor for the past decade, specializing in working with buyers, sellers and Relocation. As a member of the LGBT community, I proudly serve buyers and sellers who are both relocating from out of the area and within the Omaha Metro or Southwestern Iowa area. I am a resource for the all the community has to offer for families […]

While sales of newly built single-family homes is on the rise, buyers are finding fewer choices as inventory sinks to a new record low, the Commerce Department reported Thursday. New-home sales rose 3.6 percent in July to 372,000-unit annual rate — matching a two-year high that was set in April. New-home sales are up 25.3 percent over year-ago levels. “Sales of new homes in July returned to the same solid pace they set in May, which was the fastest sales rate we’d seen in more than two years,” says Barry […]

Investors increasingly are eyeing college towns to snag properties at discounts and turn them into rental properties that could potentially offer steady cash flow with student tenants. But which college towns offer some of the best returns? Realtor.com recently released its second annual list of the best college towns for investors, factoring in average monthly rental prices and comparing it to estimated mortgage payments of a median priced home. The following are the top eight college towns for investors, according to this year’s report. 1. Boston Median list price: $334,900 […]

Four more of the largest mortgage servicers progressed to the top of the Fannie Mae scorecard in the first half of 2012. Nationstar Mortgage ($25.85 0%), PHH Mortgage ($17.79 0%) Seterus and Green Tree Servicing were the latest to earn higher grades compared to other firms in the group of 11 largest servicers. Seterus is formerly Wilshire Credit Corp. that was rebranded by IBM ($197.77 0%) when the technology giant acquired it in the middle of last year. They join Citigroup ($29.83 0%), JPMorgan Chase [stock][JPM][/stock], Wells Fargo ($34.04 0%), […]