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Archive for the ‘declining market’ Category

Foreclosure Deeds in MA Reach A Record in April, 2008

Posted in Real Estate Market, Real Estate Market Leominster MA 01453, banker and tradesman, central MA, declining market, forclosure, gerry Bourgeois, real estat statistcs, realtyman, towne country realtors on May 29, 2008 | Leave a Comment »

I received an email this morning from Banker and Tradesman (a publication of The Warren Group) indicating the following:
“Massachusetts foreclosure deeds soared to their highest recorded level in April, according to The Warren Group, Banker & Tradesman’s parent company. The number of deeds so far this year outpaced those in the first four months of [...]

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Fannie Mae (FNMA) Takes Away Declining Market Penalty

Posted in FHA, central MA, declining market, fannie mae, fnma, loan, mortgage, realtyman, towne country realtors, worcester, worcester county on May 21, 2008 | Leave a Comment »

On May 16th, 2008 FNMA (otherwise know as Fannie Mae) has repealed the reqirement that borrowers in ‘Declining Markets’ put an Additional 5% down payment on top of the typical down payment required for the program Effective June 1st, 2008. This is GREAT NEWS for Worcester Country, MA which was declared by FNMA as [...]

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