FRIDAY FACTS
November 26, 2010
According to “Think Big Work Small” HAMP, the federal government’s loan modification program has served 27,840 homeowners at a cost of $50 billion dollars. Hope Now, an alliance of 13 mortgage servicers, 360 counseling agencies and 1700 non-profits have served 147,425 homeowners at no cost to the taxpayer.
NAR is no longer making the email addresses of members available to other members after receiving complaints that spammers might be obtaining Realtors’ email addresses from NAR’s website.
RealTrends reports that third quarter homeownership rates remain at 66.9% which is equivalent to the 1999 rate of 66.7%. Each one point drop equates to roughly 1 million fewer homes.
Some lenders are abandoning MERS and going back to old-fashioned paper based system of physically recording mortgages to insure an unbroken chain of title.
NAR’s RPR is now live in 43 of 135 nationwide markets. CC&IMLS will be online December 14th. Realtors whose MLS’s haven’t signed onto the project won’t have access until the 4th quarter of 2011 and will then only have limited access. They won’t see active or historic listing data for their market.
Did you know that the value of U.S. real estate purchased annually by international buyers was $66 billion? 55% of global buyers paid cash. The median price paid by international clients was $219,400. There are 59 countries with REALTOR alliances. Global transactions took place in all 50 states.
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