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Cameron Realty News

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Where's my $8K tax credit?

Perhaps best to claim credit on 2009 return; if homebuyers amend an '08 return, they could wait up to four months.

State responds to growth management lawsuit

Attorney General defends SB 360, which eases transportation requirements, against a claim that it tries to do too much.

Gov. signs bill expanding passenger rail

Rail lines could redefine neighborhoods by boosting prices and increasing demand for those served by the new train.

Foreclosure interest wanes as defaults rise

In May, 55% of adults expressed an interest in buying a foreclosed home; in a similar Nov. survey, that group dropped to 43%.

Are fixed-rate mortgages the best loan?

A think tank is questioning whether FRMs are really best for buyers, noting that most countries offer only ARMs.

Homebuyers are downsizing

Smaller new homes are a bright spot for some builders, driven by the $8K tax credit and an onslaught of first-time buyers.

HUD updates advice to borrowers

HUD revised its RESPA page with info about the new Good Faith Estimate and HUD-1 that become effective Jan. 1.

Standoff ends: State Farm to remain in Fla.

Fla. officials say the insurer will stay, no more than 125K policies will be dropped, and rates will rise no more than 14.8%.

Nov. housing construction up 8.9%

New home starts rebounded in Nov. 2009 after a setback in Oct. Building permit applications rose by 6%.

Developers rush to get ahead of Amendment 4

A move to amend the constitution has local governments submitting a crush of land-use change requests before the ballot.

Fed to strike upbeat note on economy

At today's meeting, Fed should keep interest rates steady, say the economy is rebounding, yet note that risks remain.

HUD proposes nationwide loan originator rule

A 2008 Act mandates minimum standards and HUD enforcement if a state's mortgage industry oversight falls short.

Obama urges banks to get lending

He vows to "recover every last dime" of funds; some lenders pay loans back, earning interest for taxpayers on "investment."

Buyers need good credit even with 20% down

Five years ago, banks loved 20% downpayment loans; starting this week, credit scores must also be at least 620.

City: Force lenders to pay for foreclosures

In a lawsuit, Baltimore tells court that toxic lenders illegally targeted black neighborhoods, costing millions in services.

Depression era agency backs mortgage money

Ginnie Mae now offers U.S.-guaranteed mortgage securities for 20% of all loans, compared to only 4% a few years ago.

Population shifts could boost census

While Fla. lost residents this year, a decades-long buildup could give it one or two more U.S. representatives after 2010 census.

Real estate agents confident about 2010

Survey: Three in four expect a strong start for the first six months, despite worry about tight credit and rising inventory.