Housing
142 results total, viewing 111 - 120
Builders began work on more U.S. houses in May and permits for new single-family homes rose to a five-year high as residential real estate underpins an economy that’s generating little inflation. more
Derrick Bulaich locked in a home- loan rate of 4.6 percent last week, prompted by a surge in borrowing costs as investors speculated the Federal Reserve would pull back from bond buying. Bulaich, who said he wishes he’d acted sooner, still plans to complete the purchase today of the four-bedroom Sacramento home because values in the city remain 42 percent below their 2005 peak despite recent gains. more
Foreclosure totals throughout the state in the first quarter of 2013 fell to their lowest first quarter numbers since 2009, affordable homes coalition HousingWorks RI in a new report on Thursday. more
A federal appeals court has sided with lenders challenging an injunction in Rhode Island’s improper foreclosure case, remanding the case back to U.S. District Court for further review. more
BOSTON – Gov. Deval L. Patrick last week announced a new housing compact that creates a goal of providing 10,000 mortgage loans to first-time homebuyers over the next five years. more
A settlement between the federal Consumer Financial Protection Bureau and a Texas homebuilder is drawing renewed attention to a controversial issue that was prominent during the years preceding the housing bubble: kickbacks in home real estate transactions. Put another way, do you know where your money is really going when you pay thousands of dollars in loan fees and closing charges? Is your realty broker or builder getting an extra piece of the action through side deals with lenders or title agencies – all at your expense through higher charges? more
BOSTON – As part of $563 million set aside by the U.S Department of Housing and Urban Development, the Narragansett Indian Tribe has received a grant of $499,110 to support efforts to maintain … more
The number of homes in Rhode Island with underwater mortgages increased to 25.8 percent during the first quarter of 2013, CoreLogic reported Wednesday. more
A new report has shown that Providence is the only one of the country’s top 100 housing markets that is currently classified as “dangerous” for investors, bucking generally positive national trends for home buyers, HomeVestors of America Inc. and Local Market Monitor reported late last week. more
Here’s a heads-up for the growing ranks of seniors whose post-retirement monthly incomes aren’t sufficient to qualify for a mortgage under today’s tough underwriting standards: Thanks to a rule change by the largest players in the home-loan business, you may be able to use imputed income from your 401(k), IRA and other retirement assets to qualify for the loan you want. more
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