Jul 28
Policy makers don’t understand how big the foreclosure problem is…. Bob Simpson, president and chief executive of Investors Mortgage Asset Recovery Co., or IMARC, said the nation’s gross domestic product and employment levels are just a few economic indicators impacted by the ongoing foreclosure fiasco. Simpson said the sand states – Arizona, California, Florida and Nevada …
May 28
NORTHWEST MULTIPLE LISTING SERVICE Sellers seeing something that had all but vanished in recent times: multiple offers Directors of Northwest Multiple Listing Service are noting more bidding wars in certain neighborhoods and price ranges, even though the latest figures show fewer sales and lower prices than a year ago. Shrinking inventory is spurring activity, with some brokers reporting …
Mar 21
Monday, March 21, 2011 Mortgage rates: 30 yr fixed, 4.79% 15 year 3.99% The Fed announced that it will sell its $142B MBS portfolio it acquired in the financial meltdown from AIG. It intends to sell $10B a month as long as market conditions can handle it. The Fed believes it will make a profit …
