| 19 July 2010
A daily dose of headlines for real estate agents, mortgage lenders and consumers.| Mortgage rates remain at lowest level in decades USA Today: Mortgage rates were unchanged this week at the lowest point in decades, but it hasn't been enough to jump-start the housing market. | Foreclosures fall 5% CNN Money: The number of foreclosure filings of all types -- including notices of delinquency, auction notices and repossessions -- fell during the first six months of 2010. |
| Feds: No need to change rate despite slowing in housing Housing Wire: Data on production and spending remains aligned with expectations, but the pace of economic expansion looks to be slower than previously predicted. | FHA may require 10% down for low-credit score qualifiers Housing Wire: FHA is proposing to update the combination of credit and down payment requirements for new borrowers, reduce seller concessions. |
| The states and the pains to come The Commercial Observer: The nation's governors focus on persistent gaps in state and local budgets and on engaging the federal government for additional stimulus funds. | Homeowners association: The new foreclosure CNBC: HOAs can swoop in, take title, boot the borrower and either rent or sell the home for a good six to 12 months before the bank comes in. |
