The Smart Choice In Real Estate
The Federal Reserve has called on policy makers to do more to help the housing market. In a recently released white paper, the Fed told lawmakers that aggressive action is needed in order to prevent home values from falling further. One suggestion included renting out foreclosed homes, which it anticipates would “deliver a better loss… Read More
Freddie Mac has eliminated its’ minimum credit score requirement for all borrowers wishing to refinance. Government sponsored Freddie Mac now requires that borrowers have a minimum of 20% equity in their homes while refinancing. The move is aimed at increasing refis and helping borrowers stay current on their mortgage.
The newly established Consumer Financial Protection Bureau (CFPB) has released two revised versions of the traditional HUD closing statement that parties receive shortly before closing. Both forms are five pages long and contain a cover sheet matching actual closing expenses more closely with the Good Faith Estimate (GFE). The revised forms and more information can… Read More
Some lenders have been more willing to reduce mortgage principal than to agree to a short-sale under the Home Affordability Modification Program (HAMP). According to Treasury Department data, lenders willing to reduce mortgage principal have cut an average of 31% of unpaid balances. Principal reductions began in 2010 under HAMP and have increased in popularity… Read More
Kennedy Wilson Auction group is hosting another auction on Saturday, December 10 at the JW Marriott in Houston. While we normally don’t comment on out of town auctions, there are several Dallas area homes that will be on the auction block. Since the majority of the auction is for property in the Houston area, this… Read More
Fannie Mae, Freddie Mac, and several large lenders have pledged not to foreclose on delinquent borrowers during the holiday season. The moratorium will run from December 19 to January 2, and involves loans through Fannie Mae and Freddie Mac. The agencies will continue with foreclosures during that time, but they will allow residents to remain… Read More
The 25th Annual Winnetka Heights Home Tour will take place this Saturday, December 3. For those unfamiliar with Winnetka Heights, it is Dallas’ largest historical district and features a variety of Craftsman, Bungalow, and Prairie homes. For more information or to purchase tickets, visit the home tour site or Winnetka Heights Neighborhood Association.
It’s back! The 35th Annual Lakewood Home Festival will take place November 11-13. This year’s tour will feature six beautiful homes, ranging from a new, modern white stucco on Lake Circle to a gorgeous historical tudor on Tokalon. As usual, the first peak will be from those participating in the candlelight tour on Friday evening…. Read More
The 5th Annual Junius Heights Home Tour is coming up on November 6. Six homes will be on tour from 11:00a until 5:00p. For those unfamiliar with Junius Heights, it was created in 1906 on what was then the easternmost edge of Dallas. It now boasts a historical designation, with homes in the Prairie and… Read More
Thanks to the Vaghela Group at Supreme Lending for the update! There was a moderate improvement on the week in mortgage pricing of about .125-.25. The benchmark 10yr treasury yield moved about 4bps lower to 2.22%. Although earnings season picked up this week, the market remains preoccupied with Europe and the steady stream of back-and-forth… Read More
Jason and Liz founded Haynsworth Realty for one simple reason - they are passionate about real estate. These native Dallasites met in law school and have used their common interest in real estate to create a dynamic company that exceeds the expectations of their clients. [Read More…]
