REALTOR® Magazine OnlineDaily Real Estate News

A daily compilation of top real estate headlines from around the country.

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03/12/2010

FHA Head: Don't Raise Down Payments

FHA Commissioner David Stevens said if the mandatory down payment for an FHA loan is raised from 3.5 percent to 5 percent, the organization will probably insure 300,000 fewer homes every year.

03/12/2010

Funding for Low-Income Housing Pays Off

Housing development programs managed by the Federal Home Loan Bank of Atlanta produced a number of economic benefits, according to a new study.

03/12/2010

Future Foreclosures Could Hamper Housing

A second wave of foreclosures could hit the market this year, which could negatively affect an otherwise stabilizing housing market.

03/12/2010

Home Equity Loans Available Again

As the economy improves, banks are starting to get back into the home equity loans business.

03/12/2010

Mortgage Rates Remain Steady

For the second week in a row, average rates for 30-year mortgages stayed below 5 percent.

03/12/2010

Pet Owner to Sue Bank of America

A home owner alleges she lost her parrot when Bank of America mistakenly thought she was in default and hired a contractor to secure the property.