Critical flaws persist in nationwide residential mortgage licensing system

Dec 28, 2006

Financial Freedom enhances reverse mortgage programMortgagePress.comReverse mortgages Financial Freedom has launched HECM Advantage, the first in a suite of new reverse mortgage products based on the federally insured Home Equity Conversion Mortgage (HECM). Compared to the original HECM monthly adjustable product with a margin of 1.5 percent, HECM Advantage offers a lower interest rate and access to more home equity that can be converted to cash at a lower overall cost over the life of the loan. Irvine, Calif.-based Financial Freedom is a subsidiary of Pasadena, Calif.-based savings and loan IndyMac Bank FSB. For more information, call (888) 738-3773 or visit www.financialfreedom.com.

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Dec 28, 2006

Analysis and Data

It's A Buyers' Market In Texas And Florida

Redfin says sellers are cutting their asking prices in Florida and Texas.

Two states in particular are experiencing a ballooning supply of homes for sale this spring, paired with modest price cuts to entice buyers. A new report from Redfin indicates that housing supply is surging in Florida and Texas, and sellers are cutting their asking prices...

Analysis and Data

Pending Home Sales Climbed 3.4% In March

National Association of Realtors reports gains in Northeast, South and West, with a slight drop in the Midwest

Homes under contract are rising at a cautiously hopeful pace this spring. The National Association of Realtors’ Pending home Sales Index climbed 3.4% in March, increasing to 78.2. Year-over-year, pending transactions were up 0.1%. “March's Pending Home Sales Index – at...