McLean Real Estate News
Thursday Mar 26 | via National Mortgage News
Mortgage rates declined for a second week, sending costs for 30-year loans to their lowest in more than a month as the busiest homebuying season gets under way. The average rate for a 30-year fixed mortgage was 3.69%, down from 3.78% last week and matching the Feb. 12 level , Freddie Mac said in a statement Thursday. Comment?
Friday Mar 20 | via National Mortgage News
Freddie Mac is selling more than $1 billion of soured U.S. home loans in its largest sale of the debt. Potential buyers are bidding on three pools of nonperforming loans, with unpaid principal balances of about $660 million, $249 million and $125 million, according to debt broker Mission Capital Advisors. Comment?
Friday Mar 13 | via The Washington Post
Clarks Crossing is a highly coveted neighborhood in Fairfax County. For house hunters, that means residents tend to stay put, so homes rarely go on the market. Comment?
Thursday Mar 12 | via Business Times
The average rate for a 30-year fixed mortgage was 3.86 per cent, up from 3.75 per cent last week and the highest since Dec 31, Freddie Mac said in a statement Thursday. The average 15-year rate climbed to 3.1 per cent from 3.03 per cent, the McLean, Virginia-based mortgage-finance company said. Comment?
Thursday Mar 12 | via National Mortgage News
The average rate for a 30-year fixed mortgage was 3.86%, up from 3.75% last week and the highest since Dec. 31, Freddie Mac said in a statement Thursday. The average 15-year rate climbed to 3.1% from 3.03%, the McLean, Va.-based mortgage-finance company said. Comment?
Tuesday Mar 24 | via Reuters
A home for sale sign hangs in front of a house in Oakton, on the day the National Association of Realtors issues its Pending Home Sales for February report, in Virginia March 27, 2014. New U.S. single-family home sales surged in February to their highest level in seven years despite harsh winter weather, in a hopeful sign for the housing market. Comment?
Feb 1, 2015 | via The Virginian-Pilot
An analysis by The Associated Press shows that about one in five Virginia legislators has at least $50,000 in personal debt besides a mortgage. But for most of the debts the public currently has no way of knowing whether their elected officials are carrying a car loan or a mountain of credit card bills similar to what prosecutors suggested helped drive former Gov. Bob McDonnell into taking bribes from a smooth-talking vitamin salesman. Comment?
Feb 18, 2015 | via GlobeNewswire
The board of directors of C&F Financial Corporation has declared a regular cash dividend of 30 cents per common share, which is payable April 1, 2015 to shareholders of record on March 13, 2015. C&F Financial Corporation is the parent of C&F Bank, which was founded in 1927 in West Point, Virginia, and is one of the oldest independent community banking organizations headquartered in Virginia. Comment?
Feb 9, 2015 | via WTVR Richmond
Bank of Virginia and its parent company Cordia Bancorp have launched a new business unit to try to capitalize on what they see as an untapped sector of the college debt market. The venture is known as CordiaGrad, an online student debt refinancing operation that hopes to win a share of what CEO Jack Zoeller said amounts to $1.3 trillion in outstanding student loan debt in the U.S. Capturing even a fraction of that would mean another boost to the bank's bottom line and another step in Cordia's plan of distancing the bank from the doldrums of the downturn. Comment?
Feb 3, 2015 | via The Virginian-Pilot
Real estate agents are being alerted to a man who calls female agents to show him properties in remote places, at night or in areas the agents do not cover. The Virginia Association of Realtors says the man has called agents in southern and central Virginia. Comment?
26 min ago | via Lexington Herald-Leader
Without admitting wrongdoing, Mark Diamond agreed to change his ways. But authorities say Diamond merely changed up his scheme, continuing what amounted to a nearly three-decade career of scamming hundreds of people - primarily poor, older and African-American - with home repair and mortgage-related frauds. Comment?
26 min ago | via Live Charts
UK stocks are expected to rebound slightly on Monday morning, snapping a four-day losing streak ahead of a busy day for economic data. City sources predict the FTSE 100 will open 26 points higher than Friday's close of 6,855.02. Comment?
37 min ago | via The Daily Republic
Coldwell Banker announce that its parent company, Realogy Holdings Corp., has been recognized as a 2015 World's Most Ethical Company by the Ethisphere Institute, described in a press release as the global leader in defining and advancing the standards of ethical business practices. The World's Most Ethical Companies designation recognizes those organizations that have had a material impact on the way business is conducted by fostering a culture of ethics and transparency at every level of the company, according to the press release. Comment?
1 hr ago | via South China Morning Post
A vendor selling fruit and home-made food in Kiev. The economy in Ukraine is in deep crisis, and things are getting worse. Comment?
1 hr ago | via The Daily Advance
Bank of America and a group of investors demanding the bank buy back soured mortgages it sold to them have agreed to extend talks aimed at resolving their dispute. The bank and a law firm representing the investors said Wednesday they would go beyond a 60-day discussion period triggered by a letter sent to the bank in mid-October. Comment?
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