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  • TDHCA ALLOTS ENTERPRISE COMMUNITY $5.7 MILLION

    TEXAS (PRNewswire) – The Texas Department of Housing and Community Affairs (TDHCA) allocated Enterprise Community Partners Inc. $5.7 million in Neighborhood Stabilization Program (NSP) funding to provide down payment and closing cost assistance, gap financing, and a zero percent mortgage for potential homebuyers interested in single-family ...
    Posted to Chris Thorpe (Weblog) by 186748 on July 6, 2010
  • TEXAS CITIES BEST PLACES FOR JOBS

    FORT WORTH (Fort Worth Star-Telegram) – For the second year in a row, Texas cities took half of the top ten spots in Newgeography.com's annual ranking of the best cities in the nation in which to find a job. Austin–Round Rock–San Marcos ranked first, San Antonio–New Braunfels second, Houston–Sugar ...
    Posted to Chris Thorpe (Weblog) by 186748 on May 3, 2010
  • DELINQUENCIES DOWN, OPTIMISM UP

    DALLAS (Dallas Business Journal) – By the end of 2009, 10.3 percent of Texas home loans were delinquent — up 0.5 percent from the third quarter — but the number of loans 30-60 days delinquent fell 11 basis points to 4.43 percent, according to the Mortgage Bankers Association. A loan is considered delinquent if one or more ...
    Posted to Chris Thorpe (Weblog) by 186748 on February 26, 2010
  • MORTGAGE PROGRAM AIDS 12 PERCENT OF APPLICANTS

    WASHINGTON (Associated Press) – After one year of activity, the government’s mortgage relief plan has helped about 12 percent of borrowers who signed up for the program. According to the Treasury Department, about 116,000 homeowners had completed the application process as of last month and are making permanently reduced loan ...
    Posted to Chris Thorpe (Weblog) by 186748 on February 19, 2010
  • FACING FORECLOSURE? KNOW THE FACTS AND PROTECT YOUR RIGHTS

    COLLEGE STATION (Real Estate Center) – Texas is experiencing its highest residential foreclosure rate since the late '80s. All residential foreclosures are governed by strict statutory rules, and Real Estate Center attorney Judon Fambrough says homeowners in jeopardy should know these rules to protect their rights. "For example, ...
    Posted to Chris Thorpe (Weblog) by 186748 on February 18, 2010
  • 1,000 TEXAS TAX CREDIT CLAIMS FLAGGED FOR POSSIBLE FRAUD

    DALLAS (Dallas Morning News) – Nearly 1,000 first-time homebuyer tax credit filings in Texas have been flagged for possible ill-use of a taxpayer identification number primarily used by illegal immigrants, who are not entitled to the credit. This number represents nearly one-third of the 3,200 suspicious homebuyer tax credit claims ...
    Posted to Chris Thorpe (Weblog) by 186748 on February 5, 2010
  • CONGRESS APPROVES, EXPANDS TAX CREDIT

    WASHINGTON (Bloomberg News, Associated Press) – The Senate and the House have approved extending the first-time homebuyer tax credit, settling on an April 30 close date and expanding it to benefit more homebuyers. The plan, which had not been signed by President Obama as of this morning, would allow couples earning up to ...
    Posted to Chris Thorpe (Weblog) by 186748 on November 10, 2009
  • NEW INITIATIVE SEEKS STABLE HOUSING MARKET

    WASHINGTON (U.S. Department of Housing and Urban Development) – The Obama Administration yesterday announced a new initiative for state and local housing finance agencies (HFAs). It will help support low mortgage rates and expand resources for low- and middle-income borrowers to purchase or rent homes that are affordable over the long ...
    Posted to Chris Thorpe (Weblog) by 186748 on October 29, 2009
  • 30-Year Mortgage Rates Fall Under 6%

    Freddie Mac reports a drop in the 30-year fixed mortgage rate to 5.94 percent during the week ended Oct. 9, marking the first decrease in three weeks. The 15-year fixed rate slipped to 5.63 percent from 5.78 percent the previous week. Meanwhile, the five-year adjustable mortgage rate dropped a notch to 5.9 percent from 6 percent; and the ...
    Posted to Chris Thorpe (Weblog) by 186748 on October 12, 2008
  • HIGH-END HOME SALES TAKE HIT

    DALLAS (Dallas Morning News) – High-end home sales have taken a hit from the stumbling mortgage market, with million-dollar-plus home purchases falling about 12 percent in the Dallas–Fort Worth area through August. "The high-end market has been slow for the past year or more as the credit markets have priced those mortgages ...
    Posted to Chris Thorpe (Weblog) by 186748 on October 11, 2008
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