Pensacola-area News effecting the
Real Estate Market
and your Lifestyle.
Scroll Down to view
FHA announces policy changes
January 21, 2010
Federal Housing Administration (FHA) Commissioner David Stevens yesterday outlined the new set of policy changes created to strengthen FHA’s capital reserves.
Read More
 
 
Fannie Announces "First Look" Program for its REO Properties
December 9, 2009

During the first 15 days a property is listed for sale, only buyers who intend to occupy the home and public entities committed to the community may purchase a Fannie Mae REO property.

Read More
 
Fannie Mae Tightens Underwriting Criteria  
December 9, 2009
Fannie Mae is tightening its underwriting criteria by raising the minimum credit score for automated underwriting (Desktop Underwriter) from 580 to at least 620 for all loans

Read More
 
FHA Releases Condominium Approval Process 
December 7, 2009
FHA recently released Mortgagee Letter “Temporary Guidance for Condominium Policy” and “Condominium Approval Processes for Single Family Housing”.

Read More
Treasury Sets Guidance to Simply "Short Sales"
December 7, 2009
The U.S. Treasury on Monday set long-awaited guidance on a plan for mortgage companies to speed "short sales of homes and other loan modification alternatives to stem a rising tide of foreclosures.

Read More
 
Existing-Home Sale Continue to Rise
June 30, 2009
Existing-home sales – including single-family, townhomes, condominiums and co-ops – rose 2.4 percent to a seasonally adjusted annual rate of 4.77 million units in May from a downwardly revised level of 4.66 million units in April. Sales remained 3.6 percent below the 4.95 million-unit pace in May 2008.

Read More
 
Free Entry into National Parks
June 16, 2009
Free entry into 147 U.S. national parks will be available three weekends this summer

Read More
 
2009 Public School Florida Comprehensive Aptitude Test Scores Released
May 29, 2009
Many of the Escambia and Santa Rosa County Schools Increase Test Scores.   See newly released scores.

Read More
 
More houses get multiple offers
May 6, 2009
More homes for sale are attracting multiple offers as buyers pursue lower-price homes and banks low-ball asking prices to attract competing bids on foreclosures.

Read More
 
Prospects for Florida’s recovery heat up, economists say
May 6, 2009
After two long years of recession, economists are beginning to see signs that the economy’s recovery is finally in sight.

Read More
 
With home affordability up, buyers starting to return
April 8, 2009

Thanks to record low mortgage rates and declining home prices, 55 million families – half of all U.S. households – can afford today’s $200,000 median-priced new home

Read More

Tax credit might be shot in the arm for first-time homebuyers
April 7, 2009

Many first-time buyers have the income and credit to qualify for a home loan but need help with the down payment

Read More

Strengthen Your Credit Score
April 6, 2009

Four months ago, one of loan originator Gisela Sauzo’s clients settled on the perfect home for herself and her two children.

 Although her credit wasn’t perfect – last December her credit score registered at 600 – it was high enough to secure a mortgage.

So she thought.

Read More

Long-Term Mortgage Rates at Record Low
April 2, 2009

Interest rates for 30-year, fixed-rate U.S. mortgages fell to a record low in the week ending April 2, the Federal Home Loan Mortgage Corp. said Thursday.

Read More


The Housing Stimulus Bill Passes
July 30,2008


H.R. 3221, the “Housing and Economic Recovery Act of 2008,” passed the House on July 23, 2008, by a vote of 272-152. On Saturday, July 26, 2008, the Senate passed the bill by a vote of 72-13. The President signed the bill on July 30, 2008. The bill includes the following provisions:

Read More


Mortgage rescue plan draws Senate support
Jul 9, 2008


A mortgage rescue plan to save hundreds of thousands of homeowners from foreclosure drew overwhelming Senate support, inching toward passage despite Republican objections.

Read More

Pensacola Area: Free Family Events
Jun 22, 2008

No matter what type of music you like, there's nothing like sitting in Seville Square downtown or on Pensacola Beach listening to a free concert. See details...

Read More


Escambia sets new school start times
Jun 17, 2008

Escambia County students will have new school times in August.

Read More


Appraisal Changes Face Resistance
May 12, 2008

A legal brawl is breaking out over how homes are appraised, at what cost and by whom.

Read More