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Top 5 tip offs your loan modification company is a scam
Source: Palm Beach Post The Florida Office of Financial Regulation warned homeowners this week to be wary of loan modification companies that may be taking their money, but performing no legitimate service. Read more…
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Everything you need to know about President Obama lowering FHA premiums
Source: Housing Wire Speaking at a Phoenix high school Thursday morning, President Obama said he is directing the Federal Housing Administration to reduce annual mortgage insurance premiums by 50 basis points, from 1.35% to 0.85%. The move, first reported by HousingWire Wednesday, comes despite concerns from the other side of the aisle over its effectiveness…
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Rent-Burdened Nation: Housing Expert Discusses Affordable Housing Crisis
Source: National Real Estate Investor Andre Shashaty: I call the decreasing affordability of housing the silent crisis because it eats away at the wellbeing of families and, by extension, society as a whole, with little notice from policymakers or the press. Read more…
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Buying more affordable than renting by astounding amount
Source: Palm Beach Post South Florida rents have increased so much since the housing bust that tenants can now expect to pay 44.5 percent of their monthly income on rent, according to a report released today by the Seattle-based research firm Zillow. Read more…
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Fannie and Freddie officially approve 3% down payment mortgages
Source: Housing Wire Both government-sponsored enterprises officially announced their individual 97% loan-to-value products, in the government’s latest attempt to expand the credit box for first-time homeowners. Read more…
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South Florida apartment rents increasing faster than most of U.S.
Source: The Real Deal Apartment rents are increasing in South Florida at a quicker pace than most of the country’s biggest metro areas. Read more…
