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Inaugural Schriever base
housing work under way,
an article from the
Colorado Springs Business
Journal, reports
that within the next three
years, up to 242 airmen and
their families at Schriever
Air Force Base will be able
to live on base. Sizes of
homes will range from 1,630
square feet to 4,000 square
feet, each with a minimum of
three bedrooms. The new
community is designed to
encourage resident
interaction, with “walkable”
neighborhoods, community
centers, open spaces and
hiking and biking trails.
Work also has begun on a $2
million Ellicott School
addition to accommodate
Schriever’s future
population.
http://www.csbj.com/story.cfm?ID=19675
HomeSaver Advance is the
Latest Program to Assist
Delinquent Homeowners,
an article from
Mortgage News Daily,
reports that Fannie Mae
announced another program to
help homeowners who are who
are delinquent on their
mortgages. HomeSaver
Advance is not for everyone,
but for some borrowers,
especially those who have
been derailed by temporary
events such as a medical
emergency, it could be an
excellent solution. The
program is designed for the
borrower who is otherwise
capable of meeting his
obligations and will be able
to resume timely payments
once the arrearage is
brought current. Under
HomeSaver Advance, Fannie
Mae authorizes its servicers
to offer an unsecured
personal loan that will
enable a qualified borrower
to cure the payment default
on a Fannie Mae owned or
securitized loan. The
personal loan has fewer
up-front costs and can be
put in place more quickly
than many other options.
Mike Quinn, Senior Vice
President for Single-Family
Credit Risk Management said
in a press release,
"HomeSaver Advance will help
Fannie Mae streamline its
loss mitigation efforts and
offer loan servicers a new
way to cope with a
delinquent loan. Our
research shows that most
borrowers become delinquent
because of a temporary life
event or hardship. This loan
can offer these borrowers
another alternative, and
help prevent a temporary
setback from becoming a
foreclosure."
http://www.mortgagenewsdaily.com/372008_HomeSaver_Advance.asp
Additional articles that you
may find of interest:
Fat of the land
http://www.gazette.com/articles/fat_34012___article.html/land_.html
Unreality TV: Real estate
shows are still hot
http://www.msnbc.msn.com/id/23548723/
Some Homeowners Hit New Snag
in Refinancing
http://www.realestatejournal.com/buysell/mortgages/20080307-simon.html
FHA May Be Tonic for What
Ails the Housing Market
http://www.realestatejournal.com/buysell/mortgages/20080307-hagerty.html
Open Season For Bargain
Hunters
http://www.realestatejournal.com/buysell/markettrends/20080310-lewis.html
Real Estate Marketing
Strategies: Are You
Sharpening Your Saw?
http://realtytimes.com/rtpages/20080310_sharpensaw.htm |