J Manno's (jmanno) Blog

Daily Real Estate News  |  March 26, 2008McCain Takes Hard Line on Housing HelpRepublican presidential candidate John McCain on Tuesday criticized government intervention that bails out banks and borrowers who made poor decisions."I have always been committed to the principle that it is not the d...

  Daily Real Estate News  |  March 26, 2008Cities Try to Stamp Out Home VacanciesCities all over the country are devising different ways to deal with the increasing number of abandoned homes created by foreclosures. Empty, dilapidated homes can draw crime and hurt local property values.Here's wha...

  Daily Real Estate News  |  March 26, 2008Countrywide's Former CEO Takes New JobThe former president of Countrywide Financial Corp., the nation's largest mortgage lender, is the new chairman and CEO of a company that plans to acquire and restructure distressed mortgages.Stanford Kurland will hea...

 Daily Real Estate News  |  March 26, 2008Refinancing Boosts Mortgage ApplicationsBorrowers hoping to refinance their home mortgages pushed mortgage applications up 50 percent last week, according to the Mortgage Bankers Association's weekly survey.The index rose 48.1 percent to a seasonally adju...

  Daily Real Estate News  |  March 26, 2008More Consumers Ponder Home PurchaseThe number of consumers who say they plan to buy a home in the next six months rose slightly this month to 3.3 percent from 2.9 percent, despite an overall drop in consumer confidence. According to a survey by the Confe...

Daily Real Estate News  |  March 26, 2008More Consumers Ponder Home PurchaseThe number of consumers who say they plan to buy a home in the next six months rose slightly this month to 3.3 percent from 2.9 percent, despite an overall drop in consumer confidence. According to a survey by the Confere...

Daily Real Estate News  |  March 25, 2008Million Dollar Homes at Bargain PricesNow could be a great time to buy a million dollar home in a nice area at a bargain price.Forbes magazine has identified Rancho Santa Fe, Calif., Marco Island, Fla., Castle Rock, Colo., Annandale, Va., and Bergen County...

Daily Real Estate News  |  March 25, 2008Cohousing Grows in PopularityAdvocates for cohousing, a term used for private housing developments that include common facilities and offer communal meals and other shared benefits, say interest in these types of communities are growing as people cope with...

 Daily Real Estate News  |  March 25, 2008Democrat Candidates Offer Housing FixesDemocratic presidential candidates Monday shared new positions on home foreclosures.Hilary Clinton supported legislation proposed by Democrats Rep. Barney Frank of Massachusetts and Senator Chris Dodd of Connecticut ...

  Daily Real Estate News  |  March 25, 2008Second Mortgage Borrowers StruggleHome owners with both first and second mortgages are finding it increasingly difficult to refinance. Some of the nation's largest lenders, including National City, that hold a second lien on a property are refusing to si...