Archive for November, 2007

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Foreclosure can leave renters homeless

Think you’re exempt from the financial fallout of the downtrodden real estate market because you’re a renter? Think again.
If your landlord is facing foreclosure, you could easily end up on the street as well.
There were 223,538 foreclosure filings in September 2007, up almost 99 percent from the year before, according to figures from RealtyTrac, a […]

A little good news about real estate

It may still have to get worse before it gets better, but the residential real estate market shows signs that demand is building and home values may start recovering in 2008.
It seems there’s bad news for the housing market every day: More mortgage resets are coming in the next year, lenders are tightening standards and […]

Banks tighten lending standards

A survey conducted by the Federal Reserve shows that fallout from the mortgage crisis is still spreading.
More banks have tightened lending standards on home mortgages, the Federal Reserve said Monday in the latest sign of fallout from a spreading credit crisis.
The Fed said that many banks reported tighter standards for traditional prime mortgages, nontraditional mortgages […]

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