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US housing market

Home Sales Get the Hollywood Treatment

Home Sales Get the Hollywood Treatment


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First it was photography. Then it was the virtual tour. Now another trend is giving new meaning to the idea of a home movie, as high end home sellers hire film companies to create mini-movies to sell their houses – complete with script, actors and even theme music Video has been a potent tool in home...

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The Fed’s Stimulus Plan: Is Septaper Coming?

The Fed’s Stimulus Plan: Is Septaper Coming?


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August is winding down, and investors and financial gurus – not to mention the little guys holding residential mortgages – are warily eyeing the advent of “Septaper.” the media’s dreadful new name for the Federal Reserve’s promised drawing down of its massive mortgage securities buyuo plan. Just...

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Social Media Mastery:  a Must for Investors

Social Media Mastery: a Must for Investors


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Like it or not, social media is here to stay. And, as we reported in a previous post, it’s changing the way real estate business is conducted. Social media can help income property investors manage properties, network and even find new tenants – but these useful tools come with potential pitfalls. Even...

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Fannie  Mae and Freddie Mac Leave Defaults On the Books

Fannie Mae and Freddie Mac Leave Defaults On the Books


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As new housing policy plans circulating in Washington plot the demise of Fannie Mae and Freddie Mac, the two mortgage lending giants are posting record profits. But according to a new report by the Federal Housing Finance Agency, which owns the two firms, those numbers may be skewed, as Fannie and Freddie...

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Can Cities Seize Homes From Struggling Owners?

Can Cities Seize Homes From Struggling Owners?


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In a move reminiscent of feudal days, a California city is making a novel move on struggling homeowners that could affect the mortgage lending industry all over the country. In an effort to reduce the number of foreclosures in town, Richmond, CA is using its right of eminent domain to seize these “underwater”...

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Renters Test Drive Communities Before Buying

Renters Test Drive Communities Before Buying


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The pool of people choosing to rent rather than buy a home is growing, driven by changes in some key demographic groups such as retirees and millennials. But there’s another kind of renter, seen both at home and in expatriate communities abroad: people, many pf them new retirees, who plan to buy a...

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Chase Bank To Face Criminal and Civil Probes

Chase Bank To Face Criminal and Civil Probes


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It’s been nearly five years since the housing market suffered its catastrophic collapse, and new mortgage fraud charges are still being filed against the big banks responsible for most of the disastrous subprime mortgages and the widespread foreclosure abuses that followed. Bank of America has long...

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New BofA Charges Highlight More Bank Fraud

New BofA Charges Highlight More Bank Fraud


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It’s often said that the more things change, the more they stay the same. That’s dismally true where Bank of America is concerned, as two more lawsuits filed against the banking giant this week reveal that once again, BofA and mortgage fraud go hand in hand. The latest round of legal actions were...

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Is Asia Losing Its Economic Clout?

Is Asia Losing Its Economic Clout?


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The sun sets in the west, but in economic terms, it may just be starting to rise. After Asian economies, led by China, began to surge a few years ago, economists and market watchers claimed that the future belonged to the East, leaving the US and the struggling countries of Europe behind. But new data...

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In Housing, Paying Cash Can Cost Money

In Housing, Paying Cash Can Cost Money


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Want to buy a house? Got a dollar to spend? That’s the sales pitch for the infamous “dollar house” in Detroit – a home that’s actually listed for sale for just one measly buck. But even tat that rock bottom price, nobody’s biting. As of the beginning of August 2013, this house has been listed...

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