Mortgage News, Real Estate, Real Estate News

Top Real Estate and Mortgage Headlines for October 6th

October 6, 2010 by · 2 Comments 

Bank of America by jkbarath | Flickr.comIt’s Wednesday, October 6th, and Bank of America once again is making headlines for all the wrong reasons. Here is today’s top real estate headlines according to the National Association of Realtors.

  • Mortgage Applications Rise
    FHA activity rose 17.2 percent last week as stricter rules for those loans neared, according to the Mortgage Bankers Association.
  • How to Reach the Millennials
    The millennial generation is a growing segment of buyers in today’s market. But they have different views about home ownership, and they also communicate differently than previous generations. Are you talking their talk?
  • HUD Has Loans for Out-of-Work Borrowers
    The U.S. Department of Housing and Urban Development will offer $50,000 loans to unemployed borrowers who are at least three months behind on their payments, but have a reasonable likelihood of being able to resume payments within two years.
  • BofA Is Exiting Wholesale Mortgages
    Bank of America will stop making mortgage loans via third-party brokers, focusing on loans offered directly to consumers.
  • Helmsley Mansion Sells at Deep Discount
    The Greenwich, Conn., estate of the late hotel magnates Leona and Harry Helmsley sold for $35 million after being listed in 2008 for $125 million.

These are the top real estate and mortgage headlines for today, October 6, 2010.

Want to know how these national real estate headlines could impact you right here locally in Northwest Indiana? Subscribe to this blog, Today’s Real Estate Reality, and let our collective years of real estate experience in Northwest Indiana guide you to an informed and successful real estate transaction today.

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2 Responses to “Top Real Estate and Mortgage Headlines for October 6th”
  1. Even if you missed the deadline for credit qualifying under the old FHA guidelines in regards to the Upfront Mortgage Insurance Premium and monthly Mortgage Insurance Premium, don’t be scared to move forward with your home purchase or home refinance with an FHA insured home loan.

    Compared to other home loans, FHA insured home loans are still a great program with the low down payment requirements for a home purchase and high loan-to-value limits for home refinances.

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