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Recent Updates from the Blog...

Fed offers two options for protecting lenders

The Seattle Times: Fed offers two options for protecting lenders

A sweeping financial measure enacted last year bars lenders from approving a mortgage without verifying if the borrower has a reasonable ability to repay it.

Lenders that violate that rule leave themselves vulnerable to lawsuits and enforcement actions. Struggling homeowners could even use violations of this rule to fight foreclosure.

But lawmakers left it up to regulators to decide how this measure should be applied in the real world, and under which conditions lenders would be free from liability.

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Under Water Mortgage Solutions

Home For Her: Under Water Mortgage Solutions

With the housing market on the decline, many homeowners are noticing that their mortgage is underwater. In other words, many homeowners owe more than their house is worth. This can be a very bad thing, especially if a person is planning to move in the near future. Fortunately, there are a few different things that consumers can do to rectify their situation.

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Are you a struggling homeowner? Check out our Avoiding Foreclosure section for resources and tips.

Rate on 30-year mortgage falls to 4.80

The Seattle Times: Rate on 30-year mortgage falls to 4.80 pct.

The rate on the 30-year mortgage fell last week, staying below 5 percent. But low rates have done little to lift the struggling housing market.

Freddie Mac says the average rate on the 30-year loan declined to 4.80 percent from 4.91 percent the previous week. It hit a 40-year low of 4.17 percent in November.

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Builders broke ground on more new homes in March

MSNBC: Builders broke ground on more new homes in March
Weak housing market gets slight boost at start of spring buying season

Builders broke ground on more new homes last month, giving the weak U.S. housing market a slight boost at the start of the spring buying season.

Home construction rose 7.2 percent in March from February to a seasonally adjusted 549,000 units, the Commerce Department said Tuesday. Building permits, an indicator of future construction, rose 11.2 percent after hitting a five-decade low in February.

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Home inspections an essential tool for buyers

The Seattle Times: Home inspections an essential tool for buyers

A home inspection often means the difference between a sale and no sale, even if the deal that results isn’t exactly what the owner expected.

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