Illinois industry appointments update - 11/16/2007

Nov 15, 2007

NFCC launches risk assessment tool for consumersMortgagePress.comMortgage risk assessment consumer tools The National Foundation for Credit Counseling (NFCC) has introduced a new diagnostic tool, the Mortgage Reality Check, to assist homeowners in determining whether they might be at risk of foreclosure. Developed by certified housing experts and available at www.housinghelpnow.org, the easy-to-take quiz is designed to help homeowners understand their situation, identify problems and provide guidance about their options and where to turn for help. The NFCC is a national, nonprofit credit counseling organization based in Silver Spring, Md. For more information, call (301) 589-5600 or visit www.nfcc.org.

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Nov 15, 2007

Analysis and Data

Home Sales Rise — Along With Prices And Inventory

February saw a 4.2% increase in home sales nationally, NAR data show

Existing-home sales rebounded in February, offering a glimmer of momentum in a housing market still grappling with affordability pressures and high mortgage rates. Sales rose 4.2% from January to a seasonally adjusted annual rate of 4.26 million, according to the latest data...

Analysis and Data

Half Of Renters Give Up On Buying

Nearly half of renters polled say they don't see homeownership as possible — ever

Nearly half of all renters responding to a new survey said the roadblocks in their way of buying a house — high prices, high loan costs, and a tight inventory of homes for sale — are just too great to overcome. Indeed, 48% of the 4,400 renters polled by NeighborWorks Amer...