Andy's Blog

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Real Estate Agent - Century 21 Prevete Real Estate
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ARCHIVED BLOG POSTS

2010 

Loan Changes Could Alter Market The FHA's move to raise upfront mortgage insurance premiums takes effect next week, soon to be followed by a reduction in allowable seller concessions toward a borrower's closing costs. Speaking to a Housing Financial Services subcommittee earlier in March, MBA Pre...
03/30/2010
Investors to Pick Up Slack in Mortgage Backs The Federal Reserve ends its purchase of mortgage securities this week and private investors are expected to step in. The change probably won't push mortgage rates up very much. Analysts expect they will rise less than a quarter of a percentage point i...
03/30/2010
New Anti-Lead Rules on Home Renovations New Environmental Protection Agency (EPA) restrictions on home renovations designed to reduce the amount of lead dust take effect April 22. The new rule is likely to result in higher costs for consumers because it requires contractors to be lead-safe certif...
03/29/2010
Key Features of the New Housing Rescue Plan The government's newest housing rescue effort, which was announced Friday, includes these key tenets: ยท As much as $14 billion of the Troubled Asset Relief Program (TARP) will be made available to pay for writing down second liens for loans whose borrow...
03/29/2010
Is a Short Sales Boom Coming? Banks are ramping up short sales thanks to government incentives and the realization that short sales result in lower losses than foreclosures. On average, banks lose 50 percent on a foreclosure, but only 30 percent on a short sale. Bank of America, the nation's larg...
03/29/2010
Health Care Reform: What's the Impact on You? Now that health insurance reform is signed into law, what is the impact on real estate brokers and sales associates? First, if you are an individual who buys your own coverage and have a policy you like, your coverage would be "grandfathered" and woul...
03/29/2010
Half of Modified Home Loans are in Default More than 51 percent of all borrowers whose mortgage loans were modified in the first quarter of 2009 defaulted again by the end of the year, reported the Office of the Comptroller of the Currency and the Office of Thrift Supervision in a joint report. M...
03/27/2010
Delinquent Mortgages at Nearly 14 Percent Nearly 14 percent of all mortgages were in trouble in the fourth quarter of 2009, according to a report released Thursday by the Office of the Comptroller of the Currency and the Office of Thrift Supervision. More than 4.7 percent of all mortgages were mo...
03/27/2010
Greenspan: Housing Will Come Back Former Federal Reserve Chair Alan Greenspan told officials in Mexico on Wednesday that he believes U.S. home prices have hit bottom. However, home owners are still unnerved by the decline in value, and until prices stabilize, the economy will remain weak. "We wil...
03/27/2010
Markets Where Home Prices Could Rise Most Money Magazine has released its latest home-price projections for the country's largest metropolitan areas. Here are the 10 cities where it believes home prices will rise the most in the next year, and the 10 where it foresees the most substantial decline...
03/27/2010
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Andy Yakubovsky

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