Champlin Real Estate | Champlin Homes for Sale | Homegevity Inc

FHA Audit Leads to Higher Fees

admin — Wed, 21 Nov 2012 16:32:01 +0000

The results of FHA’s annual audit sent a shock wave through the nation’s housing community as even agency officials could not confirm that the higher borrowing costs it will charge borrowers will be enough to cover losses. The FHA reported on Friday that its annual audit shows that even if it stopped making any new [...]
RISMedia » Consumer News and Advice

Builder Confidence Hits Highest Point since 2006

admin — Wed, 21 Nov 2012 04:11:45 +0000

Builder confidence in the market for newly built, single-family homes posted a solid, five-point gain to 46 on the National Association of Home Builders Housing Market Index (HMI) for November. This marks the seventh consecutive monthly gain in the confidence gauge and brings it to its highest point since May of 2006. “Builders are reporting [...]
RISMedia » Consumer News and Advice

Tight Credit Is Tough on Younger, Single Buyers

admin — Tue, 20 Nov 2012 02:54:49 +0000

High lending standards that make it hard for millions of younger, single home buyers to get a mortgage are creating an older, more married and wealthier population of homeowners. The latest Profile of Home Buyers and Sellers by the National Association of REALTORS® found that dual income households comprise a greater portion of the housing [...]
RISMedia » Consumer News and Advice

Gifting Your Children Their First Home Could Be the Best Holiday Present This Year

admin — Mon, 19 Nov 2012 01:35:56 +0000

Mike Mondello isn’t just a real estate agent. He’s also a parent. And as a parent, he wants the best for his children. That might include helping them buy their first homes. Mondello, managing broker of RE/MAX Synergy with offices in Orland Park and Flossmoor, Ill., says he has already begun thinking about helping his [...]
RISMedia » Consumer News and Advice

FHA Issues Annual Financial Status Report to Congress

admin — Sun, 18 Nov 2012 13:01:11 +0000

The U.S. Department of Housing and Urban Development (HUD) recently released its annual report to Congress on the financial condition of the Federal Housing Administration (FHA) Mutual Mortgage Insurance (MMI) Fund. In reporting on findings of the independent actuarial study, HUD indicates that while FHA continues to be impacted by losses from mortgages originated prior [...]
RISMedia » Consumer News and Advice

The Black Friday Bargain: Start Planning the Home Remodel of Your Dreams

admin — Sun, 18 Nov 2012 00:24:00 +0000

With the holidays (and associated chaos) fast approaching, you probably aren’t putting much thought into home improvement—except, perhaps, to grumble about the fact that you’ll have to cook another Thanksgiving meal in your outdated kitchen, or to wish that you didn’t have to steer your fa-la-la-ing guests toward your house’s only bathroom with its leaky [...]
RISMedia » Homeowner’s Toolkit

The Black Friday Bargain: Start Planning the Home Remodel of Your Dreams

admin — Sat, 17 Nov 2012 11:49:22 +0000

New Legislation and the Customer Experience: How One Impacts the Other

admin — Fri, 16 Nov 2012 10:37:45 +0000

On July 21, 2011, The Consumer Financial Protection Bureau (CFPB) began its work enforcing the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The CFPB was created to oversee multiple agencies and to watch out for American consumers who are in the market for financial products and services, including mortgages or home equity [...]
RISMedia » Consumer News and Advice

RES.NET Adds Prelist Functionality to Buyer Portal

admin — Thu, 15 Nov 2012 22:03:15 +0000

RES.NET, a provider of software applications connecting real estate professionals and consumers, has announced that it has added a prelist functionality to its Buyer Portal, allowing prospective homebuyers using RES.NET to search properties not yet published on the multiple listing service (MLS) or listed on the market. RES.NET now allows agents and brokers to tag [...]
RISMedia » Consumer News and Advice

More Cash Sales, Shrinking Time on Market Show Changing Buyer Dynamics

admin — Thu, 15 Nov 2012 09:28:51 +0000

All-cash buyers have surged since the housing downturn while the typical amount of time it takes to sell a home is shrinking, revealing the changing dynamics of today’s home buyers and sellers. Academic experts took a closer look at cash buyers and how time-on-market impacts home sales during the “Changing Dynamics of Recent Home Buyers [...]
RISMedia » Consumer News and Advice