Monday, January 30, 2012
Friday, January 27, 2012
New Listing - 6532 EVERINGHAM Ln, Sanford, FL 32771 - Single Family Residential for Sale - 4 Beds, 3 Baths - Todd Humphrey - Watson Realty Corp.
Great New Listing In Sanford's Buckingham Estates!
6532 EVERINGHAM Ln, Sanford, FL 32771 - Single Family Residential for Sale - 4 Beds, 3 Baths - Todd Humphrey - Watson Realty Corp.
6532 EVERINGHAM Ln, Sanford, FL 32771 - Single Family Residential for Sale - 4 Beds, 3 Baths - Todd Humphrey - Watson Realty Corp.
Wednesday, January 25, 2012
Mortgage Giants' Agreement
The nation’s five largest mortgage lenders have agreed to overhaul their industry after deceptive foreclosure practices unfairly evicted homeowners, government officials said Monday.
A draft settlement between the banks and U.S. states has been sent to state officials for review. It would be the biggest settlement with a single industry since the 1998 multistate tobacco deal.
Those who lost their homes to foreclosure are unlikely to get their homes back or benefit much financially from the settlement, even though the banks may have to pay as much as $25 billion in total to settle with the government.
About 750,000 Americans – about half the households who might be eligible for assistance under the deal – would likely receive checks for about $1,800 each.
The agreement also could reshape longstanding mortgage-lending guidelines and make it easier for those at risk of foreclosure to restructure their loans. Roughly 1 million homeowners could see the size of their mortgages reduced.
Five major banks – Bank of America, JPMorgan Chase, Wells Fargo, Citibank and Ally Financial – and U.S. state attorneys general could adopt the agreement within weeks, according to two officials briefed on the discussions. They spoke on condition of anonymity because they are not authorized to discuss the agreement publicly.
The settlement would only apply to privately held mortgages issued from 2008 to 2011, not those held by government-controlled Fannie Mae or Freddie Mac. They own about half of all U.S. mortgages, roughly about 31 million U.S. home loans.
© Copyright 2012 USA TODAY, a division of Gannett Co. Inc.
"Buyers, Sellers & Investors - Maximize Equity....Enjoy Life!"
www.LakeMaryRealEstateSales.com
A draft settlement between the banks and U.S. states has been sent to state officials for review. It would be the biggest settlement with a single industry since the 1998 multistate tobacco deal.
Those who lost their homes to foreclosure are unlikely to get their homes back or benefit much financially from the settlement, even though the banks may have to pay as much as $25 billion in total to settle with the government.
About 750,000 Americans – about half the households who might be eligible for assistance under the deal – would likely receive checks for about $1,800 each.
The agreement also could reshape longstanding mortgage-lending guidelines and make it easier for those at risk of foreclosure to restructure their loans. Roughly 1 million homeowners could see the size of their mortgages reduced.
Five major banks – Bank of America, JPMorgan Chase, Wells Fargo, Citibank and Ally Financial – and U.S. state attorneys general could adopt the agreement within weeks, according to two officials briefed on the discussions. They spoke on condition of anonymity because they are not authorized to discuss the agreement publicly.
The settlement would only apply to privately held mortgages issued from 2008 to 2011, not those held by government-controlled Fannie Mae or Freddie Mac. They own about half of all U.S. mortgages, roughly about 31 million U.S. home loans.
© Copyright 2012 USA TODAY, a division of Gannett Co. Inc.
"Buyers, Sellers & Investors - Maximize Equity....Enjoy Life!"
www.LakeMaryRealEstateSales.com
Friday, January 20, 2012
Wednesday, January 18, 2012
Housing outlook is more upbeat
Optimism is building that the housing industry is nearing a bottom – finally.
Home sales and homebuilding are forecast to rise this year after sliding steeply the past five years in housing’s worst downturn since the Great Depression.
Recovery is expected to be slow, and home prices are widely expected to fall this year. But investors are betting on the start of an upturn, bidding up home builder stocks and causing them to outperform the broader stock market.
Chief executives are more positive. JPMorgan Chase’s Jamie Dimon said last week that housing is near its bottom but could stay there a year. Stuart Miller, CEO of home builder Lennar, said the market has started to stabilize because of low prices and record-low interest rates.
Market researcher RBC Capital Markets has also turned from a “bearish” view on housing to saying that 2012 “will mark a step in the right direction.”
Many economists expect home prices to fall more this year because of foreclosures and other properties sold at very low prices.
As foreclosures pick up this year, “prices will drop,” says Stan Humphries, Zillow chief economist. He says home prices won’t bottom until later in 2012 or next year.
On average, prices have fallen by about a third since 2006.
“This year will feel a lot better to builders, investors and real estate agents than to consumers,” says Jed Kolko, economist for real estate website Trulia.
Housing’s outlook is brightening with signs of a better economy. Last month,
While an economic shock could derail progress, “there’s now more evidence of improvement in the economy, and housing will follow the economy,” says David Crowe, chief economist at the National Association of Home Builders. More improvement is expected for:
Sales. Existing home sales will rise 12 percent this year after a 2 percent increase last year, and new home sales, coming off a horrid year, will jump 74 percent this year, Moody’s Analytics predicts.
November’s existing home sales hit their highest mark in 10 months, and new home sales were the year’s second best, IHS Global Insight says.
Construction. Single-family housing starts will rise 37 percent this year, Moody’s predicts, after falling 9 percent last year.
Home builder stocks are on a run. The S&P 1500 homebuilding index is up 38 percent since mid-October, vs. 7 percent for the S&P 500.
"Buyers, Sellers and Investers - Maximize Equity....Enjoy Life!"
© Copyright 2012
Monday, January 16, 2012
New Listing
Heathrow/Lake Mary
Beautifully maintained 3 Bedroom, 2 Bath , 2 Car Garage, pool home you won't want to miss!
See the home at:
http://www.1776cherryridgedr.z57websites.com/
http://www.1776cherryridgedr.z57websites.com/
listing courtesy of Watson Realty Corp.
"Buyers, Sellers and Investers - Maximize Equity....Enjoy Life!"
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