Investors braced for another day of waiting and worrying Friday, as lawmakers fumbled to find a solution to the fast-approaching fiscal cliff.

U.S. stock futures were lower as fears grow about the impact of no deal. President Obama and congressional leaders will discuss the impasse at the White House on Friday, and the House of Representatives will return on Sunday. Failure to reach a fiscal cliff deal could push the U.S. economy into recession. Investors are hoping … More Investors braced for another day of waiting and worrying Friday, as lawmakers fumbled to find a solution to the fast-approaching fiscal cliff.

New residential sales hit two-year high in November

Sales of new single-family homes were at a seasonally adjusted annual rate of 377,000 in November, the highest level since April 2010. New home sales were 4.4% above the revised rate of 361,000 in October, the U.S. Census Bureau and the Department of Housing and Urban Development said on Thursday. New home sales were 15.7% … More New residential sales hit two-year high in November

A Tricky Transition from Housing Stability to Strength in 2013

Daren Blomquist is RealtyTrac’s VP. He also acts as managing editor of the company’s monthly newsletter, the Foreclosure News Report. Some level of certainty and stability returned to the U.S. housing market in 2012, providing a solid foundation for the market to build on in 2013. But there are still significant risks that threaten this … More A Tricky Transition from Housing Stability to Strength in 2013

Please donate to Becca Mann on imATHLETE for the Navy Seal Foundation

Hi! Please consider donating to Becca Mann. Donations can be made on imATHLETE at the following website: http://www.imathlete.com/donate/Fundraiser.aspx?fFID=3765 I am raising money for the Navy Seal Foundation (NSF) by swimming 3.1 miles in the Tampa Bay Frogman Swim. The NSF supports wounded and fallen Navy Seals and their families. If you know me, you know it’s pure … More Please donate to Becca Mann on imATHLETE for the Navy Seal Foundation

Bank of America Donates Homes to Habitat for Humanity

Bank of America has teamed with Habitat for Humanity to make sure that Americans having a hard time making it will have one more option for affordable housing. The bank will donate up to 2,000 vacant properties for renovation or reconstruction over the next three years. This is the largest one-time donation the non-profit has … More Bank of America Donates Homes to Habitat for Humanity

More Americans confident they can get mortgages

The housing slowdown may have been accompanied by an inability for potential homeowners to obtain mortgages, but the latest Fannie Mae National Housing Survey shows movement on the mortgage consumption-front. For the month of November, 51% of survey respondents said it would now be easier to obtain a mortgage. This larger vote of confidence suggests … More More Americans confident they can get mortgages

Illinois bill designed to speed foreclosures passes state assembly

Servicing Illinois bill designed to speed foreclosures passes state assembly By Kerri Ann Panchuk • December 6, 2012 • 11:50am An Illinois bill designed to curtail the foreclosure-timeline process for abandoned properties is heading towards the Illinois governor’s desk after passing the state legislature this week. The legislation, which could have a significant impact on … More Illinois bill designed to speed foreclosures passes state assembly

LPS: Foreclosure starts drop 21.9% on mortgage servicing settlement

The National Mortgage Settlement and provisions it outlined for mortgage servicers may have accounted for a steep 21.9% drop in foreclosure starts in October, according to Lender Processing Services’ Mortgage Monitor. Year-over-year, October’s foreclosure starts were even lower, down 47.8% from the same month in 2011. While it may be tempting to attribute the drop … More LPS: Foreclosure starts drop 21.9% on mortgage servicing settlement

FHA to sell 40,000 distressed loans to bulk up funds

U.S. Department of Housing and Urban Development will sell at least 40,000 distressed loans over the next year, generally in quarterly sales, in an effort to reduce total claims, cost and increase recovery on losses to the Federal Housing Administration Mutual Mortgage Insurance Fund. The results of which, when considered by FHA independent actuary, should yield … More FHA to sell 40,000 distressed loans to bulk up funds