In the period of October to November 2010, the FHFA (Federal Housing Finance Administration) House Price Index showed a 0.3% drop nationally.  Six of the nine census divisions showed declines.  The purging process of moving foreclosure homes is still the major market price influence.

In the period of October to November 2010, the FHFA (Federal Housing Finance Administration) House Price Index showed a 0.3% drop nationally.  Six of the nine census divisions showed declines.  The purging process of moving foreclosure homes is still the major market price influence.

Money.cnn.com reports that foreclosures are currently 26% of all home sales. This number came from a Realtytrac report.  I know it's not the case for my small market area.  It seems high, what about your market area?

Bankrupt developer Jerry Trooien is maintaining that the FBI raid of his St. Paul offices last week is part of a mortgage fraud investigation into a condominium complex he developed in Minnetonka, sources close to Trooien have told the Pioneer Press.

Minnesota has a special tax break on its books for Tom Petters. Really. A 1985 law provides special tax treatment for Fingerhut, a mail-order company that Petters, a former Wayzata businessman who was convicted in 2009 of running a $3.5 billion Ponzi scheme, and a partner bought in 2002.

If you're like me, once late February hits you're thinking about your garden and counting down to spring.

As noted by the California Association of REALTORS last week, Wells Fargo announced a surprise policy reversal in January regarding FHA loans. While competitive institutional lenders are raising FICO limits to 620 or better, Wells Fargo is lowering those limits to as low as 500. For FICOs between 500...

A pair of former Republican lawmakers will join the University of Minnesota's governing board.

Thanks to four guys sitting around a table brainstorming, North Mankato and Mankato are now one step closer to knowing each other better.

The problem with getting a bad credit mortgage is it's expensive. The only people making loans to people with bad credit are the guys who are charging an arm and a leg for the mortgage. They can get away with it because as long as they follow state usury laws and people are willing to take their money,...