Posts Tagged ‘homebuyer tax credit’

The Norris Group Real Estate News Roundup 6/1/11

June 1st, 2011

According to Interthinx, investor-committed occupancy fraud increased 25% in the first quarter. 50% of 1,000 mortgage borrowers surveyed by the National Foundation for Credit Counseling said they could not afford a 20% down payment. CoreLogic claims national home prices rose 0.7% in March. HOPE NOW said foreclosure starts fell 25% in April.

The Norris Group Real Estate News Roundup 4/18/11

April 18th, 2011

Approximately $326 million in credit went to over 47,000 taxpayers who didn’t qualify as first-time homebuyers, according to the Treasury Inspector General. When a borrower in default seeks a loan modification, the bank often pursues foreclosure. Ginnie Mae is ending the flat fee for servicing reverse mortgages.