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(This section auto updates daily)
Homebuyer Tax Credit Could Be Extended Again -- HOUSINGWIRE - Mon 02/08/10 10:34:14 am --
While many project the economy will be on stable footing by this summer, real estate consultant John Burns believes if it’s not, Congress may once again extend the homebuyer tax credit.
"A lot of people are not buying homes right now because they're worried about their jobs," Burns, president of John Burns Real Estate Consulting (JBREC), said in an interview with HousingWire. "If the ec...
| HUD's New Mortgage Settlement Procedures -- U.S. Dept of Housing & Urban Development - Sun 02/07/10 06:52:24 pm -- The Real Estate Settlement Procedures Act (RESPA) requires lenders and mortgage brokers to give you this booklet within three days of applying for a mortgage loan. RESPA is a federal law that helps protect consumers from unfair practices by settlement service providers during the home-buying and loan process.
Buying a home is an important financial decision that should be considered car...
| Know Your Loan Ingredients! Part I of a Three Part Series -- by Janis Arendsen - Sun 02/07/10 05:33:49 pm --
When the FDA required food manufacturers to reveal the ingredients, nutritional value, calorie count and net weight on their product labeling, the big winner was the consumer. The consumer wins again now that Department of Housing and Urban Development (HUD) has set a standard for loan transparency. As of January 2010, all loan originators are required to give borrow...
| Modular builder rolls out energy-efficient “i-house” models -- Post And Courier - Sun 02/07/10 01:13:07 pm -- Home designs that impressed billionaire investor Warren Buffet last spring are now available for $75,000 and up at the local Clayton Homes outlet.
Maryville, Tenn.-based Clayton Homes recently built a showroom of the two-bedroom, 1,023-square-foot manufactured house, surrounding porches and a 268-square-foot orangey-red flex building complete with roof-top sundeck and rust-proof aluminum...
| Manufactured Housing Shipments and Production Report December 2009 -- Institute for Building Technology & Safety - Thu 02/04/10 09:47:10 pm -- Manufactured Housing Units produced across the United States in December, 2009. Here is the breakdown by each states Shipments & Production as compiled by The Institute for Building Technology & Safety...
...
| Plan to cut mortgage principal pitched to Congress -- Reuters - Thu 02/04/10 04:41:01 pm -- A group of influential mortgage investors is intensifying efforts to encourage a new phase to U.S. housing stability plans that would give homeowners ability and incentive to pay their loans.
Proposals from a coalition led by Fortress Investment Group address the problem of “underwater” loans, whose high balances relative to fallen home values have to many investors become the chief th...
| Manufactured Housing Industry Calls for Industry-wide Council to Create Guidelines -- Press Release - Thu 02/04/10 09:41:51 am --
"How to Deal with the Challenges of Empty Spaces, Repos, Park Owned and Abandoned Homes" was the topic of the Manufactured Housing Educational Trust ("MHeT") Breakfast Forum hosted by Deann Pancheri, President of Advantage Management, Inc. and New Image Homes, on January 27, 2010. Over seventy attendees heard presentations and joined in the discussion focusing on the q...
| Do Things Really Change? -- by Lonnie Scruggs - Sun 01/31/10 11:09:31 pm --
In 1986, I started buying used mobile homes for $2,000-$3,000, and selling them for $5,000-$6,000 with payments of $200-$300 per month. Some 19 years later, I’m still buying and selling mobile homes at the same prices, same payments. Yet, I keep hearing people say there is no way they can b...
| More US borrowers than ever refi to shrink mortgage -- REUTERS.COM - Sun 01/31/10 08:33:10 pm -- A record share of U.S. homeowners cut their loan principal when refinancing in the fourth quarter rather than tap their home's equity for cash, home funding company Freddie Mac (FRE.N) said on Thursday.
Record low mortgage rates in the fourth quarter and a relative dearth of equity build-up after home prices fell about 30 percent on average from 2006 peaks drove consumers to pare debt.
...
| Cavco Reports Fiscal Third Quarter Results -- Press Release - Sat 01/30/10 11:53:09 pm --
PHOENIX, Jan. 28, 2010 Cavco Industries,
Inc. (Nasdaq:CVCO) today announced financial results for the third quarter and
first nine months of its fiscal year 2010 ended December 31,
2009.
Net sales for the third quarter of fiscal 2010 totaled
$36,369,000, up 45% from $25,093,000 for the third quarter of fiscal year
2009. Th...
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