February 26, 2011Investor Mortgage Loans 2011 will be the year of the Real Estate Investor. An estimated 20-30% of ALL HOME PURCHASES will be savvy investors securing their future via the most affordable real estate in several decades. Many of those investors will buy in cash, but others will need some form of financing to secure and [...]
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February 25, 2011A new Federal Reserve rule that takes effect April 1 is expected to lead to lower costs for borrowers, but some experts say it’s going to hurt the mortgage industry. Under the new rule, borrowers who get their mortgages through brokers likely will pay less for services and brokers will be required to offer borrowers [...]
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February 21, 2011The Obama administration announced on Friday plans to reform the housing finance market, including winding down government-controlled mortgage giants Fannie Mae and Freddie Mac and turning most of the market over to the private sector, as well as requiring larger down payments. The White House proposed three approaches to replacing Fannie Mae and Freddie Mac [...]
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February 15, 2011The Utah Attorney General’s Office says the entity responsible for 4,000 home foreclosures yearly in the state is violating the law. In a filing with the 10th Circuit Court of Appeals in Denver, Assistant Attorney General Jerrold Jensen said the ReconTrust Co., a unit of Bank of America, is not allowed under Utah law to [...]
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February 9, 2011The Church of Jesus Christ of Latter-day Saints will begin selling units Monday in one of downtown Salt Lake City’s tallest buildings. Prices in the 30-story Promontory on South Temple condominium project range from $145,000 to more than $1.5 million. On the southeast corner of South Temple and West Temple, the 185-unit building is part [...]
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