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Marni and Scott Huger Marni and Scott Huger

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More and More Experts Say Principal Reduction Is the Answer

Why does the head of Fannie Mae and Freddie Mac refuse to consider it? Last week, a group of Democrats from the House sent a letter to Edward DeMarco (who currently heads up the agency (FHFA) that oversees Fannie Mae and Freddie Mac) asking for a better answer as to why he refuses to implement a principal reduction program at Fannie and Freddie. The letter cites industry experts, all of whom advocate... [Read more]

Santiago, Veraguas Province, Panama

Santiago, Veraguas Province, Panama

Panama dream home and guest house located in the heart of Santiago in the Veraguas province, and near world-class big game fishing, shopping, hospitals, and El Bongo Nautical Club. Custom teak woodwork, gourmet kitchen with granite, main-level living, air conditioning, surround sound, and security system all showcase this beautiful home. Recently completed in March of 2011, this home offers luxury... [Read more]

Holiday Mortgage News. More of the Same

Rates continue to hover near historic lows The short holiday week saw little change in mortgage rates. According to Mortgage News Daily, the Best-Execution Rates for Friday, November 25th ranged from 3.875% (“very few”) to 4.125% (“some”), with most seen at 4.0%. Realty Times reported the results of Freddie Mac’s Primary Mortgage Market Survey for the three-day week: 30-year... [Read more]

Time to Be Thankful For Housing Market News?

Recent forecasts predict better times ahead in 2012 Although small, a slight uptick in the housing market next year is predicted. A survey by MacroMarkets of more than 100 economists and industry experts shows they expect home values to go up — just a little. About .25 percent in 2012 and a total of 1.1 percent through 2015. Slowing the recovery down are the many foreclosures clogging the... [Read more]

4345 Reginold Court, Colorado Springs, CO

4345 Reginold Court, Colorado Springs, CO

PRICE REDUCED! Exquisite Broadmoor Bluffs home overlooking Cheyenne Mountain with warm hardwood floors, soaring cathedral ceilings, gourmet kitchen with slab granite and stainless steel, walk-out lower level, and walls of windows overlooking stunning city light views. An open 2-story entry welcomes you to formal sitting and dining areas with arched windows and warm hardwood floors. The custom gourmet... [Read more]

2 Broadmoor Hills Drive, Colorado Springs, CO

2 Broadmoor Hills Drive, Colorado Springs, CO

Beautiful custom Tudor home on over ½ acre landscaped grounds with a sparkling outdoor swimming pool overlooking panoramic mountain views! Leaded and stained glass windows, warm hardwood floors, multiple living and dining areas, bedroom suites with full attached baths, oak wainscoting throughout, and an incredible master retreat all showcase this exceptional home. The main level boasts a two-story... [Read more]

8475 Shamrock Ranch Rd, Fort Collins, CO

8475 Shamrock Ranch Rd, Fort Collins, CO

$2,000,000 AUCTION PROPERTY. Set in 35 irrigated acres of premium meadows and grazing pastures with panoramic Front Range views, the exceptional Pura Vida Ranch is one of the finest horse facilities in all of Colorado. Multiple heated barns with stalls and runs, indoor riding arena, corrals and pastures, hay storage, shop with guest quarters, 38 shares of water, and a luxurious 5700 sq.ft. Ranch... [Read more]

The Battle Over Principal Reduction Rages On

States, including NY and CA, push to include assistance for underwater loans The latest settlement proposal between the states’ coalition and five major banks after 11 months of talks includes financing support for underwater loans, including refinancing, principal write downs and other forms of assistance. According to CoreLogic, about 22.5 percent of all residential mortgages are underwater. Multistate... [Read more]

Obama Announces Expanded HARP Program

Two years later after its debut, how has the Home Affordable Refinance Program changed? Last month, President Obama announced that the Home Affordable Refinance Program (HARP) was being revised and expanded. HARP was introduced in 2009 as a measure intended, according to a statement by the President, to “make it possible for an estimated four to five million currently ineligible homeowners... [Read more]

6345 Ashridge Court, Colorado Springs, CO

6345 Ashridge Court, Colorado Springs, CO

Beautifully maintained home with lovely outdoor garden and lawn areas, multiple living and family rooms, and a park-like .21 acre yard! Stunning landscaping with trees and shrubs, soaring cathedral ceilings, warm wood laminate floors, an open floor plan, and abundant wildlife all showcase this picture-perfect home. The spacious kitchen is both elegant and functional with generous cabinetry, pantry,... [Read more]

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