Archive for July, 2008

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Housing Rebound: When to spot one

Housing rebound: When to spot one
Nationally, there’s still a dark cloud hanging over housing. But to check the health of your local region, look for a few key clues.
(Money Magazine) — This is already one of the worst national housing downturns in half a century. But what’s really scary is that judging from the still-huge […]

Need mortgage? Bring lots of cash.

Between higher fees and and larger down payment requirements, buyers have to pony up more money than ever these days just to land a loan.
NEW YORK (CNNMoney.com) — Are you ready to buy a house in this crazy market? Better bring a boatload of money to the closing.
In a brutal real estate market […]

Fannie,Freddie: Taxpayers on the hook

How big a burden taxpayers would bear if Uncle Sam lends a hand to the two mortgage finance giants depends on a lot of hard-to-estimate variables.
NEW YORK (CNNMoney.com) — Saving Fannie Mae and Freddie Mac could cost the U.S. taxpayer. But so could letting the two mortgage giants collapse.
A rescue plan that uses federal dollars […]

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