Mortgages

National Foreclosures Spike, Lender Modifications
by Grant Hammond|March 30, 2009|Foreclosures, Mortgages, Refinance
This article entitled “Foreclosures spike - so do mortgage-help plans” appeared in the CNNMoney.com on March the 30th, 2009. Les Christie wrote:"NEW YORK (CNNMoney.com) - Lenders have helped an increasing...
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Mortgage Rates Drop Below 5% Again
by Grant Hammond|March 25, 2009|Fixed Rate Mortgages, Freddie Mac, Mortgages, Nashville Mortgage Rates
Freddie Mac reports a drop in the 30-year fixed mortgage rate to 4.98 percent during the week ended March 19 from 5.03 percent the prior week, marking the lowest rate...
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Fannie Mae Makes it Harder for Condo Buyers
by Grant Hammond|March 24, 2009|Corporate Rentals, Fannie Mae, Mortgages, Nashville Condos
This article entitled “Fannie Mae adds restrictions for backing condo mortgages : WSJ - Update” appeared in the RTTNews on March the 18th, 2009. The staff writer wrote:"Government backed mortgage...
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Tennessee Realtors Look For Another Job
by Grant Hammond|February 2, 2009|Mortgages, Nashville Mortgage Rates, Realtors, Tennessee
The number of Realtors and Associate members of the Tennessee Association of Realtors dropped by 1,854 in one month, between the end of 2008 and the end of January of...
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12 Nashville Real Estate Predictions for 2009
by Grant Hammond|November 27, 2008|Commercial Real Estate, Mortgages, Nashville, Nashville Housing Market, Rentals
One of the many tasks my clients expect me to be able to do is to predict what is going to happen with home prices, appraisal values, and time on...
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Nationally, Many Homeowners are "Underwater"
by Grant Hammond|November 2, 2008|Downtown Nashville, Mortgages, Subprime Mortgages
According to a report by First American CoreLogic, at least 7.5 million American homeowners are “underwater borrowers,” meaning they owe more on their mortgages than their homes are currently worth.This...
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