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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