By Ronald D. Orol, MarketWatch
WASHINGTON (MarketWatch) — Matt Martin, CEO of Matt Martin Real Estate Management, is eagerly awaiting the introduction of a program that the Obama administration hopes will transform foreclosed properties into rehabilitated rental units and kick-start the economy.
He says he’s not alone. “There is a large chunk of capital, billions of dollars, sitting on the sidelines waiting to see what kind of program the government comes up with,” Martin said.
At issue is a Federal Housing Finance Agency push to develop a program that is expected to use government financing
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This 3 bedroom 3 bath home with office offers a spacious floor plan with high ceilings. As you walk into this home you notice hard wood floors, to your left you have an office complete with french doors. Next to your office you have a formal dinning room. Enjoy cooking in a chefs kitchen kitchen with granite counter tops, lots of counter space, with large pantry and dark wood cabinetry, a large breakfast nook is also next to the kitchen with great views from the table. Relax in a comfy living room with fireplace. Off the living room is a large Master bedroom with a walk out to the deck. Master bath with shower and tub. Attached to the master bath is a large walk in closet for
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The housing sector will likely take incremental steps forward in 2012, though total originations will fall on fewer refinances, according to economists at Fannie Mae.
The second half of the year should outpace the first six months in terms of growth, though fiscal policy and political uncertainty in Washington will likely drive consumer and business activity, the mortgage giant said.
Chief Economist Doug Duncan said positive consumer activity and challenges in housing and the global economy will equate to moderate growth for the year.
“We’re entering 2012 with decent momentum, especially on the employment side, which is
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Freddie Mac recently released the results of its Primary Mortgage Market Survey®, showing mortgage rates easing to new all-time record lows for all products covered in the survey helping to keep homebuyer affordability high. The average for the 30-year fixed mortgage rate has been below 4.00 percent for six consecutive weeks.
The survey concluded that the 30-year fixed-rate mortgage averaged 3.89 percent, with an average 0.7 point for the week ending January 12, 2012, down from last week when it averaged 3.91 percent. Last year at this time, the 30-year FRM averaged 4.71 percent.
The 15-year FRM this week averaged 3.16 percent with an average 0.8
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