Green Mountain Valuations | Real Estate News

REAL ESTATE NEWS

Effects of financial reform law might not be felt for a while

7/30/2010 11:00 PM

The financial reform bill signed into law by President Obama might look like a cornucopia of helpful changes for homebuyers and loan applicants -- not the least of which will be the creation of a powerful Consumer Financial Protection Bureau to ride herd on the mortgage lending industry. But how ...

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Featured Advertiser

7/30/2010 11:00 PM

The first thing house hunters typically notice about Lansdowne on the Potomac is the neighborhood's aesthetic: the manicured lawns, the landscaped common areas, the decorative street signs and the manmade waterfall near the entrance.

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U.S. housing slump continues, but D.C. area is doing better

7/23/2010 11:00 PM

The housing bust isn't over, but the worst is past, according to economists participating in a U.S. Chamber of Commerce panel this week.

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Lansdowne on the Potomac

7/30/2010 11:00 PM

BOUNDARIES: Lansdowne is bordered approximately by Lansdowne Boulevard to the east, the Potomac River to the north and Route 7 to the south and extends a mile past Goose Creek to the west.
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With Silver Spring home, family wins Washington Post's Mad Men Look contest

7/23/2010 11:00 PM

"It's the first time in our lives we've been hip. And it came to us -- we didn't go to it," said Melissa Talley, 51, winner of The Post's Mad Men Look contest.

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Where We Live: Town Creek, in Maryland's St. Mary's County

7/23/2010 11:00 PM

When Kathy Weigel moved into her brick rambler in the community of North Town Creek in St. Mary's County in 1993, she got an unusual housewarming gift: a military-base ID card for the wife of Apollo 12 astronaut Pete Conrad. The Conrads lived in the house in the 1950s, and the card was discovered...

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Taking steps toward refinancing a rental property

7/30/2010 11:00 PM

I have a rental property that I bought five years ago for $170,000 but now is valued at $120,000. I have a mortgage at 6.75 percent with about $45,000 in equity on the property. I am not in financial difficulty, but I would like to take advantage of low interest rates. Is it possible to refinance...

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Alarm not included

7/30/2010 11:00 PM

Don't assume that a door opener will make your garage immune from unwanted entry in your absence. Just about every garage-door opener is equipped with a safety release handle where the door connects to the track. When your door is in the closed position, this handle dangles from the track just be...
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Sibling rivalry over family home: No one wins

7/30/2010 11:00 PM

Q: Mom died a year ago, leaving the family home to my brother and me. I live in the house and would like to stay there, but my brother, who lives in California, wants to sell it and take his half of the proceeds.

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REAL ESTATE & MORTGAGE NEWS:

New Century Execs Settle Accounting Fraud Allegations

7/30/2010 2:23 PM

Settlements were announced between the Securities and Exchange Commission and former executives of New Century Financial Corp. ....None of the defendants admitted or denied allegations outlined in the SEC's complaint. ....The settlements are subject court approval in a global settlement tied to another case...Read More

MetLife Raises Quarterly Originations

7/30/2010 2:23 PM

Second-quarter residential originations at MetLife Home Loans increased around $300 million from the first quarter. ....Reverse mortgage production also improved. ....But overall business was down 55 percent compared to the second-quarter 2009...Read More

Serious Late Payments Deteriorate

7/30/2010 2:23 PM

Total mortgage delinquency of at least 90 days as of June 30 surged 82 basis points from May 31, LPS reported. ....The foreclosure rate shot up 47 BPS, according to the report. ....The delinquency rate, excluding foreclosures, was up 35 BPS...Read More

Mixed Performance at M.I. Firms

7/30/2010 2:23 PM

The Mortgage Insurance Companies of America reported that the number of policies issued in June were 9 percent higher than in May. ....The number of new mortgage insurance applications has increased each month since January. ....But primary insurance in force fell $10 billion from May. ....In addition, primary insurance defau...Read More

Fannie Volume Tumbles, Lates Continue Improvement

7/30/2010 2:23 PM

New business acquisitions at Fannie Mae declined 31 percent between May and June, according to monthly operational data.....Compared to a year earlier, volume was down 45 percent.....Residential delinquency of at least 90 days improved for the third consecutive month.....Multifamily delinquency of at least 60 days fell for the sec...Read More