The Federal Housing Administration announced Friday that it is appointing a chief risk officer and making changes in its credit policies to make sure its reserves against future losses stay above a minimum set by Congress.

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Real Estate News Overview: Take a look at the chart below and see how the Foreclosures stack up in your state: Real Estate Investor Coach Response: It's obvious that Foreclosures aren't going away any time soon and in my opinion I think that the housing market has yet to hit bottom. Don't take me as [...]

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Some cold hard stats to start off your week.

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Homeowners continue to struggle with their mortgage payment as unemployment remains an unresolved issue in the U.S. 13% of people who own a home are behind on payments.

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Real Estate News Overview: One in 4 US homes for sale on August 1st had their prices marked down at least once since being listed on the open market. Watch this short video about today’s Real Estate Investing News: Real Estate Investor Coach Response: To think that 25% of the listed homes on the market [...]

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Real Estate News Overview: Just 23% of short-sale offers that homeowners receive from potential buyers actually close, according to a February study of 1,300 real estate agents by Campbell Communications. Short sales once were extremely rare. But now, with unemployment climbing and home values down, more homeowners are pursuing short sales when they can’t afford [...]

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Real Estate News Overview: Home prices rose 0.5% in May from April, according to the Standard & Poor’s/Case-Shiller home price index, which measures changes in the value of residential real estate in 20 cities. After 16 consecutive months of record year-over-year price declines, beginning in October 2007 and ending in January 2009, the home price [...]

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Real Estate News Overview: The total number of home sales increased for the third consecutive month and was a 3.6% increase from last month. On the flip side, the average overall home price has continued to decline. Currently the median home price across the country is $181,800. This is 15.4% less than this time last [...]

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Real Estate News Overview: Under the current administrations Modification plans, homeowners who are eligible for assistance are offered new mortgage terms, and if they agree, they enter a three-month trial phase to determine if they can keep up their reduced payments. If they stay current, the modification becomes permanent. About 160,000 modifications are now in [...]

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Real Estate News Overview: Take a look at some quick stats: Mortgage rates dropped slightly this past week averaging about 5.32% below last weeks 5.6%. The average rate on a 15-year fixed-rate mortgage fell to 4.77%, down from 4.87% last week. Rates on five-year, adjustable-rate mortgages averaged 4.88%, down from 4.99% last week. Rates on [...]

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