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Nov 20, 2006

CRHMFA expands FirstHouse loan programMortgagePress.comDown-payment assistance CRHMFA Homebuyers Fund has expanded its FirstHouse loan program to include a mortgage with either a 30- or 40-year fully amortizing loan term, as well as a 40-year mortgage with a 10-year interest-only period. Backed by tax-exempt funding, FirstHouse offers fixed interest rates lower than average market rates, allowing first-time homebuyers to qualify for larger loan amounts or make lower monthly payments. Sacramento, Calif.-based CRHMFA Homebuyers Fund is a nonprofit public benefit corporation dedicated to providing a consistent source of financing for individuals without the resources to afford the down payment and closing costs associated with the purchase of a loan. For more information, call (866) 643-4968 or visit www.nhfloan.org.

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Nov 20, 2006

Analysis and Data

Home Price Growth Stalls Near 1% As Local Divide Widens

Prices fell 2.9% in Austin but rose 6.4% in Chicago, showing weak purchase demand is producing local corrections rather than a national one

U.S. home-price growth stalled near 1% for the third consecutive month in July, complicating expectations that slowing inventory gains would push appreciation higher during the second half of the year.Home prices increased 1% from July 2025 but declined 0.5% from June on a n...

C-Suite Strategies

Real-RE/MAX Deal Nears Closing, Putting 180,000-Agent Mortgage Network Within Reach

Shareholder approval clears a major hurdle as Real prepares to bring One Real Mortgage, Motto Mortgage, Wemlo, title, and more than 1 million annual consumer leads under one corporate umbrella

The Real Brokerage’s proposed acquisition of RE/MAX Holdings is nearing the finish line, bringing the company closer to controlling not only one of the world’s largest real estate networks but also a significantly larger pipeline for mortgage referrals.Securityholders of bot...

Nov

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