Housing and Loans: Homebuilders Recovering, Relocation, FHA in the OC, 15 Year Loans

May 26th, 2009 · No Comments

billcoppedgecartoon original content selection by MortgageNewsClips.com   BusinessWeek_logo Housing: Recovering or Not? - By Ben Steverman - Just as optimism began to bloom, U.S. housing starts hit a record low. The homebuilding sector may have to endure a long bottoming process - BusinessWeek  ------------ hw1 Relocation, Relocation, Relocation - DIANA GOLOBAY - Relocation is what it’s all about for homeowners unsatisfied with the declining house prices and rising joblessness in tight local markets, according to survey results released Thursday by Relocation.com.  The online moving resource, which provides quotes on relocation-related expenses from moving companies to storage facilities, named the top 20 cities for consumers looking for a “fresh start.” - has link to list - housingwire ------------ ocrlogo250 FHA - 1-in-4 OC home buyers use federal loan program - Matthew Padilla - ... Now home buyers are taking advantage of loans insured by the Federal Housing Administration. One reason: they can make a down payment as low as 3.5% and that can be gifted from a relative. Another reason: the limit was raised to nearly $730,000. ... - OCRegister ------------ nytlogo153x23 More Takers for 15-Year Loans -  BOB TEDESCHI - ... The number of 15-year mortgages issued in February jumped to 74,497 from 42,178 in January, according to First American CoreLogic, a real estate consulting company in San Francisco. And according to Bloomberg News, $15.9 billion worth of 15-year mortgages were issued in March, more than twice the $7.5 billion issued in February. ... - NY Times



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