News for Prescott AZ -

Friday, February 10, 2012

Newsdesk | February 10, 2012


Top News
Feds, states announce mortgage settlement
USA Today - The nationwide settlement stems from abuses that occurred after the housing bubble burst. Many companies that process foreclosures failed to verify documents. Some employees signed papers they hadn't read or used fake signatures to speed foreclosures...

Market News
US Mortgage Applications Jump On Refinancing Demand: MBA
CNBC - Applications for U.S. home mortgages jumped last week, fueled by increased demand for refinancing as interest rates fell, an industry group said on Wednesday.
30-year mortgage rate holds at record low
CNN Money - "A strong January employment report added upward pressure to most mortgage rates this week," said Nothaft. Nevertheless, the historically low rates are great news for homeowners looking to refinance their mortgages...
Loan Servicing Costs Expected to Rise as Foreclosure Expenses Mount - the U.S. as “unhurried” and as a result, they say lenders have been forced to shoulder higher foreclosure expenses. Fitch says it believes increased foreclosure costs compounded by credit, compliance, regulatory, and other real estate owned (OREO) expenses...
Fannie Mae Now Accepting Online Offers for REOs - Fannie Mae announced Tuesday that it has expanded its online system to accept purchase offers for all its REOs listed for sale. Real estate agents will now submit offers online on...
Declining U.S. Home Values Forecasted to Slow in 2012, Says Zillow
Real Estate Channel - According to Zillow's fourth quarter Real Estate Market Report, home value declines in the United States accelerated in the fourth quarter, with the Zillow Home Value Index (ZHVI) falling 1.1 percent during the quarter after posting less significant...

Technology News
Google Drive cloud storage service expected soon
Digital Trends - Sorry, DropBox: Google will reportedly debut its own dedicated cloud storage service in the near future. Google will soon launch a fully featured cloud storage service called Google Drive, reports Amir Efrati...
Share Your Web Browsing Activities With Google, Get Paid $25
PC Magazine - Google is seeking volunteers who want to get paid to browse the Web. The catch? Google will track all the sites you visit. The Web giant quietly launched a new...

Other News
An answer to 'What's it like to live here?'
Inman - Trulia Local allows users to search cities via interactive, "zoom-able" Google Maps where they can see Trulia-listed homes both for sale and sold, area amenities like restaurants...
Toll Brothers Website to Broadcast Its Feb. 22nd "First Quarter 2012 Earnings" Con Call Live
Street Insider - Toll Brothers, Inc. (NYSE: TOL), the nation's leading builder of luxury homes, will broadcast live on its website,, a conference call to discuss its FY 2012 first quarter results.
10 hottest markets for out-of-area house hunters
Inman - Deep price declines have made metropolitan areas in the Sunshine State popular destinations for online house hunters looking to move to a different metro...





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