A recent statement by John Paulson of Paulson & Co, Inc. shows that housing prices are expected to rise 3-5% in 2010. CNBC published an article with quotes from the group's owner, who tracks home prices in California, and notes that what happens in the state tends to trend about six months later in the [...]
As I sit here and reflect on 2009 and enjoy the beginning of 2010, I am reminded at what a new year can bring. There is always a sense of excitement -- that a new year can mean great things. What will happen in the Towson real estate market? Will it rise? Will it fall? [...]
Beginning December 12, 2009, Fannie Mae will have new requirements on credit scores and debt ratios for all of their conventional loans. Prior to this change, the lowest credit score a borrower could have for this type of loan was 580. The new lowest score is 620. This is not negotiable, even if you are [...]