by Jeff Sorg | Jan 13, 2015 | California Real Estate, Georgia Real Estate, Mortgage, Nevada Real Estate, Oregon Real Estate, Real Estate
(Jeff Sorg, OnlineEd) – Brian E. Thompson, 54, a former loan guarantee specialist for the U.S. Department of Housing and Urban Development, was sentenced today to serve 26 months in prison for a scheme in which he stole over $843,000 of government money,...
by Jeff Sorg | Dec 19, 2014 | California Real Estate, Contractor, Georgia Real Estate, Mortgage, Nevada Real Estate, Oregon Real Estate, Real Estate
(Jeff Sorg, OnlineEd) – In its December 2014 U.S. Economic and Housing Market Outlook report just released, Freddie Mac is predicting that 2015 will see the highest level of single family home sales since 2007. A jump of 4 percent, up to 5.6 million, is...
by Jeff Sorg | Dec 12, 2014 | California Real Estate, Contractor, Georgia Real Estate, Mortgage, Nevada Real Estate, Oregon Real Estate, Real Estate
(Jeff Sorg, OnlineEd) – The Mortgage Bankers Association (MBA) reported today that their builder Application Survey data for November 2014 shows mortgage applications for new home purchases decreased by 22 percent from October. “Following strong new home...
by Jeff Sorg | Dec 9, 2014 | California Real Estate, Georgia Real Estate, Mortgage, Nevada Real Estate, Oregon Real Estate, Real Estate
(Jeff Sorg, OnlineEd) – Stephen Oliner and Edward Pinto, codirectors of the American Enterprise Institute’s (AEI’s) International Center on Housing Risk, announced the inaugural release of the First-Time Buyer Mortgage Share Index (FBMSI), a new objective and...
by Jeff Sorg | Dec 9, 2014 | California Real Estate, Georgia Real Estate, Mortgage, Nevada Real Estate, Oregon Real Estate, Real Estate
(Jeff Sorg, OnlineEd) – Today, Fannie Mae (FNMA/OTC) announced an option for qualified first-time homebuyers that will allow for a down payment as low as three percent. Building upon Fannie Mae’s successful lower down payment program offered through state...
by Jeff Sorg | Dec 4, 2014 | California Real Estate, Contractor, Georgia Real Estate, Mortgage, Nevada Real Estate, Oregon Real Estate, Real Estate
(Jeff Sorg, OnlineEd) – Zillow is predicting 2015 will be a big year for home buyers, as more millennials enter the market because of rising rents. “Home value appreciation will continue to cool down, from roughly 6 percent now to around 2.5 percent by...