Friday, October 26, 2012

Ready for Market: Sprucing Up Your Chicago Home

Gearing up to list your Chicago home on the open market? Well, now is certainly the time. But before you do, there are a few inexpensive fixes you should consider to make sure your home is buyer-ready. Of course you already know the importance of general de-cluttering and cleaning, but there?s a lot more you can do to spruce up your home?s appearance without spending tons of money. What follows is a beginner?s to-do list, compiled by Chicago real estate [...]

Source: http://feedproxy.google.com/~r/dreamtown/~3/s_yi3tYmX3I/ready-for-market-sprucing-up-your-chicago-home

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Happy-ish thoughts about investing in housing

CHICAGO (Reuters) - While most of the recent news on housing seems to indicate a modest turnaround - like yesterday's report that pending home sales rose but at a slower than expected rate - you...

Source: http://feeds.reuters.com/~r/news/wealth/~3/TUtKwz2acA4/us-column-wasik-housing-idUSBRE89P13K20121026

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Diane Keaton Adds New Book Called ?House? to Her Housing Collection

The coffee-table offering by arty book purveyor Rizzoli doubles down on Keaton's outsized reputation as a housing connoisseur.

Source: http://feedproxy.google.com/~r/ZillowBlog/~3/Ib3hSvShWB8/

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Fannie Mae, Freddie need less government funding: regulator

WASHINGTON (Reuters) - Fannie Mae and Freddie Mac are expected to require less taxpayer aid and may be able to stop tapping government coffers as early as next year, the U.S. housing regulator said...

Source: http://feeds.reuters.com/~r/news/wealth/~3/DC_U2wc9Q70/us-usa-housing-idUSBRE89P10920121026

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BofA vs. U.S. Government; Big Banks Becoming Bigger; How Will Ed DeMarco Cast his Ballot?

This short video isn't funny in the least, but should not be missed for anyone in the financial services sector, IT, or anyone else for that matter interested in privacy issues.

Remember a few years back when Countrywide, and Bank of America, would flex their muscles in front of their clients? Like, "We'll give you a great price, but we demand 50% of your volume be sold to us." And then there was, "We'll give you a warehouse line, but for our product only." That whole karma thing might just be for real. Looking at the big bank deals over the last 3-5 years, some worked out better than others, putting some banks at a disadvantage. An analysis by the WSJ finds Countrywide has cost Bank of America about $40 billion since the deal was closed. (Chase/WAMU and Wells/Wachovia did not go quite so badly, obviously.) And now Bank of America is being sued in Federal Court for civil mortgage fraud in a complaint seeking civil penalties as well as treble damages and penalties. The suit alleges that Fannie Mae and Freddie Mac lost over $1 billion because of defaulted loans fraudulently sold them by Countrywide Mortgage and BOA. The suit alleges the from at least 2007 through 2009 implemented a new loan origination process called the "Hustle," which was intentionally designed to process loans at high speed and without quality checkpoints, and which generated thousands of fraudulent and otherwise defective residential mortgage loans sold to Fannie Mae and Freddie Mac (the GSEs) that later defaulted.  The Hustle continued under the ownership of BofA. Ah, fate...

...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Source: http://www.mortgagenewsdaily.com/channels/pipelinepress/10252012-bank-of-america-versus-us.aspx

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Housing Market Remains Weak

Last week, I reported that mortgage rates have declined to another record low. Unfortunately for the housing market, the resulting uptick in mortgage activity was dominated by refinancings, and there is little evidence that low rates are spurring new borrowers. This is confirmed by the updated S&P Case Shiller Index, which shows that while prices [...]

Source: http://news.mortgagecalculator.org/housing-market-remains-weak/

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?Can I consolidate a first and second mortgage in a HARP refinance??

As many of you know, there’s a section on HSH.com where you can submit your mortgage questions and Keith Gumbinger, HSH.com’s vice president and resident expert, will do his best to answer them.
Here’s a recent question and answer that I wanted to share:

Q: We are underwater on our Freddie Mac mortgage and a home equity [...]

Source: http://feedproxy.google.com/~r/hsh/~3/Ub15hYESdxA/

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HARP Mortgage Program On Pace To Reach 1 Million Households In 2012

The HARP refinance program is getting a boost from low mortgage rates and loose mortgage guidelines. 1 million homes will get help in 2012.

Click for the complete post : HARP Mortgage Program On Pace To Reach 1 Million Households In 2012.

Source: http://feedproxy.google.com/~r/TheMortgageReports/~3/lF1jriPyfjA/harp-mortgage-program-on-pace-to-reach-1-million-households-in-2012

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How to Buy a Home Below Current Real Estate Value

Want to increase your chances of buying a home below current real estate value? Just look for a seller who didn't listen to his agent.

Source: http://feedproxy.google.com/~r/ZillowBlog/~3/en1tfRT9H2g/

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CAR Casino Royale Event ? 10.10.12

CAR Casino Royale Event – 10.10.12 was originally published on Chicago Agent Magazine, the leading source for news and perspective for real estate professionals in the Chicagoland area.

The Chicago Association of Realtors Young Professionals Network hosted a James Bond-themed black-tie casino night fundraiser with the Women’s Council of Realtors’ Chicago chapter. The fundraiser, which took place at the Renaissance Blackstone Hotel in Chicago, featured many leaders in the Chicago real estate industry and raised more than $21,000 for RPAC, the political action committee of the National Association of Realtors.

CAR Casino Royale Event – 10.10.12 was originally published on Chicago Agent Magazine - For the well-informed real estate professional, the leading source for news and perspective for real estate professionals in the Chicagoland area.

Source: http://feedproxy.google.com/~r/chicagoagentmagazine/news/~3/IkYK8oFZ33s/

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Chicago Illinois Mortgage Rates Week in Review for the Week Ending 08/17/2012

Over the last month, mortgage rates have ran up to the highest level in the last four months. Though rates are still very low historically, the perception has changed and those waiting on the sidelines for rates to drop lower, are now reassessing and wondering if we’ve already seen the bottom in mortgage rates. What [...]

Source: http://www.ptmortgage.com/blog/2012/08/20/chicago-illinois-mortgage-rates-week-in-review-for-the-week-ending-08172012/

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Thursday, October 25, 2012

Construction activity up in September, rates partially to thank

Sales of newly built homes showed new signs of life in September, adding to the evidence of an upswing in the housing markets.
Sales of new single-family houses rose to a seasonally adjusted annualized rate of 389,000 in September, according to data released jointly by the U.S. Census Bureau and U.S. Department of Housing and Urban [...]

Source: http://feedproxy.google.com/~r/hsh/~3/gBqPaW_ReZI/

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Mortgage Rates : Rising On U.S. Economic Data

Falling MBS pricing pushed mortgage rates higher Thursday. Conforming, FHA and VA mortgage rates all rose.

Click for the complete post : Mortgage Rates : Rising On U.S. Economic Data.

Source: http://feedproxy.google.com/~r/TheMortgageReports/~3/OkI9QR_loec/mortgage-rates-rising-on-u-s-economic-data

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5 Things to Do in Chicago This Weekend: October 12-14

Zombies and geeks are taking over our Chicago neighborhoods! And hot on their trail are evenings of social experimentation, behind-the-scenes architectural tours and international culinary adventures. Just another weekend in the city, right? Slake your cultural interests with one-a-kind explorations during Open House Chicago and at the Elever pop-up restaurant. Then help 137 Films celebrate eight years of documentary filmmaking, before you head to the park for Professor Evil’s new play. And wrap it all up with a “Bear Down” [...]

Source: http://feedproxy.google.com/~r/dreamtown/~3/r-UQaQ8GJ44/5-things-to-do-in-chicago-this-weekend-october-12-14

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Spencer Rascoff Joins LinkedIn Influencer Program

Looking for career advice from one of Fortune?s ?40 Under 40? hottest young stars in business? We're excited to share that Zillow CEO Spencer Rascoff is participating in the LinkedIn Influencer program.

Source: http://feedproxy.google.com/~r/ZillowBlog/~3/ZyJ_gTMUKV0/

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Dean Foods' WhiteWave ups IPO size, prices above range - underwriter

Oct 25 (Reuters) - The WhiteWave Foods Co, top U.S. dairy
company Dean Foods Co's unit, has upsized its initial
public offering and priced it above its expected price range, an
underwriter said.

Source: http://feeds.reuters.com/~r/reuters/financialsNews/~3/GRPenay5hZM/whitewave-ipo-idUSL3E8LP8Q720121025

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How to Buy a Home Below Current Real Estate Value

Want to increase your chances of buying a home below current real estate value? Just look for a seller who didn't listen to his agent.

Source: http://feedproxy.google.com/~r/ZillowBlog/~3/en1tfRT9H2g/

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30-Year Fixed Mortgage Rate Holds Steady

Mortgage rates for 30-year fixed mortgages remained flat this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 3.26 percent.

Source: http://feedproxy.google.com/~r/ZillowBlog/~3/1iCbSk4TzOA/

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Radar Logic Says Calling a Housing Bottom Dangerously Short-Sighted

A couple quick hits on home prices coming up today. �First off, Radar Logic released their RPX Monthly Housing Market Report for May this morning. �The RPX composite index rose 2.6% from April to May, and 0.7% from May 2011 to May 2012. �Despite seeing rising home prices, RPX warned that the housing market has [...]

Source: http://www.totalmortgage.com/blog/mortgage-rates/radar-logic-says-calling-a-housing-bottom-dangerously-short-sighted/17685

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City of St. Louis

City of St. Louis Mandatory mediation ordinance similar to bill passed by St. Louis County Council introduced to City of St. Louis Board of Aldermen. Bill initially referred to Ways and Means Committee, but HBA recently heard legislation being rewritten. HBA staff continues to monitor. Contact: Emily Schwartze Post (SchwartzeE@hbastl.com).

Source: http://stlhba.hbablog.com/2012/10/24/city-of-st-louis-14/

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