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• Credit Crunch Likely to Reform Mortgage Industry

  America's previous stock-market crashes and corporate accounting scandals have spawned new policy to deal with the fallout from these crises and prevent them from recurring, and the current mortgage-lending debacle is likely to undergo a similar process. Read More... Posted Saturday, September 29, 2007 7:19 AM by Dave Recker | 0 Comments Filed under: Real Estate, Finances, North Carolina, Rocky Mount, loans

• Do Troubled Homeowners Deserve a Government Bailout?

  I question why the government should bail out home owners caught up in the housing downturn when many of them are in trouble because of greed or irresponsibility. Many homebuyers lack down payments, money for closing costs, and want to buy large homes Read More... Posted Wednesday, September 26, 2007 6:37 AM by Dave Recker | 0 Comments Filed under: Real Estate, Finances, North Carolina, Rocky Mount, afforability, loans, Legislation

• Fed Cuts Rate Half-Point to Help Home Buyers

  The Federal Reserve reduced the federal funds rate by one-half a percentage on Tuesday, cutting it to 4.75 percent from 5.25 percent. It also cut its discount rate by the same amount, also bringing it to 5.25 percent. The cuts could be a mixed blessing Read More... Posted Friday, September 21, 2007 6:59 AM by Dave Recker | 0 Comments Filed under: Real Estate, Finances

• Should You Rent or Should You Buy?

  Things being equal it's almost always better to own your home rather than to rent. After all, you build equity and get to write off your mortgage interest. And if you meet the guidelines, when you sell you'll be eligible for one of the best tax Read More... Posted Monday, August 27, 2007 7:16 AM by Dave Recker | 0 Comments Filed under: Real Estate, For Rent/Lease, Finances, Buyer Information, North Carolina, Rocky Mount

• Tough Standards Put Lending on Temporary Hold

  It’s getting harder for many Americans with less than stellar credit to buy a home simply because fewer banks are willing to offer them loans. "Every day I hear about a number of lenders that are reducing their products," said George Hanzimanolis, Read More... Posted Wednesday, August 22, 2007 4:20 AM by Dave Recker | 0 Comments Filed under: Finances, NC Real Estate Web, afforability, loans

• Preapproved or Prequalified: What's the Difference?

  Confusing prequalification with preapproval can mean disappointment for both a home seller and a buyer. Real estate experts say it's smart to urge buyers to become preapproved by their lender – not just prequalified. For buyers to obtain a bona Read More... Posted Saturday, July 28, 2007 12:40 PM by Dave Recker | 0 Comments Filed under: Real Estate, Finances, Tips & Information, loans

• Economists Split on Effect of Subprime Fallout

  Just over half of 60 economists who were surveyed by The Wall Street Journal said they expect the unraveling subprime mortgage market to eventually spill over into broader mortgage market. "Mortgage credit-quality problems go well beyond the subprime Read More... Posted Saturday, March 17, 2007 5:50 PM by Dave Recker | 0 Comments Filed under: Real Estate, Industry, Finances, Buyer Information