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Legacy Mortgage LLC a New Mexico based home lender was named Lender of the Year by the New Mexico Mortgage Finance Authority. Jack Thompson, CEO accepted the award on behalf of his staff during the Governor’s Housing Summit held November 3rd through the 5th. This is the second time in row that Legacy Mortgage has been recognized by the NMMFA for its loan origination activity for low to ...
Posted by
Paul Chavez
on 11/23/2010
by Kenneth R. HarneyThe stock market may be jumping around and jittery, but housing numbers are headed in just one direction, and at least for the time being, that's better and better. Pending home sales jumped again. They were up by 3.2 percent for the month of July, according to the National Association of Realtors. That's the sixth straight month of increases. The pending sales index is now at ...
Posted by
Paul Chavez
on 09/12/2009
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Even as Americans suffer rising unemployment, foreclosure rates in three states hit hardest by the housing bust - California, Arizona and Florida - stabilized in June, offering hope that the worst of the real estate crisis is over, according to The Associated Press' monthly analysis of economic stress in more than 3,100 U.S. counties.
The latest results of AP's Economic Stress Index show foreclosure ...
Posted by
Paul Chavez
on 08/03/2009
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by Kenneth R. HarneyThere was an important piece of economic news last week that has HUGE significance for real estate and housing, but it got minimal coverage on TV and in print. The Conference Board's Index of Leading Economic Indicators, widely acknowledged as the most accurate predictor of future activity and output in the U.S. economy, rose by almost a point in June. That was the third straight ...
Posted by
Paul Chavez
on 07/29/2009
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Pending Home Sales Up for 4th Straight Month
Posted by
Paul Chavez
on 07/01/2009
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Wall Street Journal
By James R. Hagerty, June 25, 2009
Lately, mortgage brokers, builders, real estate agents and others in the housing business have been moaning about appraisals. On Tuesday, it was the turn of Lawrence Yun, the chief economist of the National Association of Realtors. He lamented that May home sales were "less than expected because poor appraisals are stalling transactions. ...
Posted by
Paul Chavez
on 07/01/2009
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From www.ABQJournal.com By Michael Hartranft
Wednesday, 17 June 2009
Albuquerque is weathering the nation's economic downturn better than 85 percent of the nation's 100 largest metropolitan areas, a new economic report says.
The Duke City is ranked 15th among metro areas with populations of 500,000 or more for strongest economic performance during the recession, ...
Posted by
Paul Chavez
on 06/17/2009
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Washington, June 10, 2009
The following is a statement by National Association of Realtors® President Charles McMillan:
"NAR and our 1.2 million members applaud the Business Roundtable for its sound policy recommendations put forth to reinvigorate our nation's housing market. The proposal they announced today is consistent with the recommendations NAR has advocated and reflects the critical need ...
Posted by
Paul Chavez
on 06/17/2009
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Isakson continues push to stimulate housing market
Submitted by the office of Sen. Isakson
June 10, 2009 05:35 pm- WASHINGTON - Drawing on more than three decades of experience in the real estate industry, U.S. Senator Johnny Isakson, R-Ga., today introduced legislation to invigorate housing demand and to boost the economy by expanding the first-time homebuyer tax credit passed by Congress earlier ...
Posted by
Paul Chavez
on 06/12/2009
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By Jimmy CurrierObserver staff writer
Rio Rancho city officials have talked for months about the importance of extending Paseo del Volcan from Iris Road to US 550.Wednesday night, the city council approved a resolution to accept federal money to complete the project.
Councilors Mike Williams, Patty Thomas, Steve Shaw, Larry Naranjo and Kathy Colley voted to accept the American Recovery and Reinvestment ...
Posted by
Paul Chavez
on 06/10/2009
