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More: REALTORS® Ask Feds to Step Carefully with Mortgage Reform
Bloomberg News: Housing Rebound Signaled as Banks Resume Foreclosures: Mortgages
U.S. lenders are notifying more delinquent home owners that they face foreclosure, a step toward clearing a backlog of properties and helping to accelerate a housing recovery. Foreclosures picked up after the nation's five biggest banks settled an investigation about lost or doctored paperwork. Mortgage delinquencies are dropping, while demand for real estate is rising amid record-low borrowing costs and tight inventories of available real estate.
HouseLogic: Win for Home Owners: Congress Reauthorizes Flood Insurance for 5 Years
Congress last week agreed to continue the National Flood Insurance Program for the next five years, saving a vital program that's the sole source of affordable flood insurance for many home owners. NFIP protects property owners in more than 21,000 communities where you can't get a federally related mortgage unless you purchase flood insurance.
Realty Times: Housing to Play Key Role in Election
Washington and the housing market are never far apart. Experts ranging from real estate professionals to the members of the Federal Reserve have reported that the state of the nation's economic recovery relies heavily on a housing recovery. According to the NATIONAL ASSOCIATION OF REALTORS®, housing will play a large part in deciding the outcome of the 2012 presidential election.