Bay State REALTOR® News and Features
| Federal Reserve Reports Banks Tightening Lending Standards on Home Loans |
| 5/12/2008 |
| Last week the Federal Reserve Bank released the results of its April 2008 Senior Loan Officer Opinion Survey on Bank Lending Practices. According to the report, the majority of domestic banks who responded to the survey reported they had tightened their lending standards on prime, nontraditional, and subprime residential mortgages over the past three months. |
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| New State Law May Provide Distressed Homeowners Some Relief |
| 5/5/2008 |
| On May 1, a key provision of the new Mass. state law passed back in November 2007, that is designed to provide financially distressed homeowners with foreclosure relief, will go into effect. Under the new law, Massachusetts homeowners facing foreclosure will now be entitled to a 90 day “right to cure” period. |
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| FBI Reports ‘Surge’ in Mortgage Fraud |
| 4/29/2008 |
| The Associated Press recently reported that the FBI has seen a “tremendous surge” in mortgage fraud investigations that according to FBI Director Robert Mueller is diverting agents from other cases and is expected to keep growing. |
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| Good Time to Buy? Most Americans Think So |
| 4/29/2008 |
| According to the results of a recent Reuters/Zogby poll, a majority of Americans think now is a good time to buy. However, few respondents believe the US will be able to escape a recession. |
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| New Mortgage Financing Options – A Springboard to Sales |
| 4/29/2008 |
| The Economic Stimulus Act is pected to favorably impact the real estate market in '08 and understanding these changes in the mortgage lending industry can help you close more deals. |
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| Mass. Home Sales Continue to Decline in March and in First Quarter |
| 4/29/2008 |
| The Massachusetts Association of REALTORS® (MAR) reported on Monday that both single-family home sales and condominium sales were down in March compared to the same time last year. However, on a month-to-month basis, there was a 26 percent increase in single family home sales and a 32 percent increase in condominium sales compared to February 2008. While the increase is significant, this type of jump is typical of the spring home buying market.
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| Showcase your listings at Statewide Open House Event on May 31st and June 1st |
| 4/29/2008 |
| MAR and MassHousing have partnered together to present “Opportunities Knock: Community Homebuyer Fairs and Open Houses Statewide” on the weekend of May 31 and June 1 to kick off National Home Ownership Month. |
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| Housing Market Fundamentals Remain Strong- A 2007 Snapshot |
| 4/26/2008 |
| Despite the negative rhetoric, Massachusetts housing market fundamentals remain sound. |
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| Buyer/Seller Study Highlights Increased Use of Technology |
| 4/26/2008 |
| This article highlights some of the key research discovered in the 2007 Massachusetts Profile of Home Buyers & Sellers. |
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| Knowing the Ropes: Tools to Succeed in Loss Mitigation |
| 4/26/2008 |
| Learn how you can help sellers through the difficult process of handling short sales, REOs, and foreclosures. |
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