Tips for buying a house

See on Scoop.it – Housing News- Good and the Bad The top 10 things you need to know when buying a home. See on money.cnn.com

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One-third of homebuyers clueless about mortgages

See on Scoop.it – Housing News- Good and the Bad When it comes to mortgages, nearly one-third of homebuyers are in the dark about terms, which lender to choose and financing, according to a survey by Zillow. See on money.cnn.com

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Buffett worries about Fed’s ‘huge experiment’ – The Term Sheet: Fortune’s deals blogTerm Sheet

See on Scoop.it – Housing News- Good and the Bad Says he admires Ben Bernanke, but thinks the Fed chief may have overplayed his hand. Warren Buffett FORTUNE — Warren Buffett has a piece of advice for Ben Bernanke: It’s easier to buy than it is to sell. See on finance.fortune.cnn.com

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FHA’s solvency plan isn’t fair – The Term Sheet: Fortune’s deals blogTerm Sheet

See on Scoop.it – Housing News- Good and the Bad The government insurer, which may or may not be in need of a bailout, plans to generate $10 billion by locking middle class borrowers into high fees for decades. FORTUNE — This is what you call kicking ‘em when they’re down. Bernadette Radie‘s insight:  Thanks [...]

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Modified mortgages show ‘alarming’ default trend

See on Scoop.it – Housing News- Good and the Bad Troubled homeowners who received modified mortgages through a federal program are seeing high default rates, a troubling trend that officials inadequately understand, according to an investigator’s report released Wednesday. Bernadette Radie‘s insight: The oldest permanent modifications made through the federal Home Affordable Modification Program, which [...]

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