Jim Gibbs's Page

A Murfreesboro Realtor and member of the Tennessee Real Estate Network, who has dedic

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Wags call it government-sponsored subprime. Realtors and mortgage brokers call it the only sign of life in the lending market.

Federal Housing Administration loans are by far the most popular choice for
loan borrowers these days, thanks to low down payments and newly raised loan
limi

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Between 2002 and 2007, the city of Indio, California experienced a housing boom, but by late 2007 found itself on the leading edge of what is now a national foreclosure crisis. Faced with increasing numbers of citizen complaints of poorly maintained properties as well as concerns that neighborhood blight was leading to more serious crime and disorder, the Indio Police Department launched a multipronged project to contain the impact of vacant properties on the surrounding neighborhoods.

Indio… Continue

U.S. home foreclosure filings in January decreased from December, an indication that an array of efforts to curb the process may be making an impact, real estate data firm RealtyTrac said on Thursday.

Foreclosure activity was still 18 percent higher than a year earlier, the 37th consecutive month with a year-over-year increase. Nevertheless, the fall in foreclosure filings last month provides a glimmer of hope for the hard-hit U.S. housing market.

Home foreclosure filings in January totaled 27… Continue

The Housing and Economic Recovery Act of 2008 that went into effect October 1st will assist up to 2 million borrowers in danger of foreclosure by allowing them to refinance their current mortgages with a Federal Housing Administration (FHA)-backed loan. The bill also allocates funding to assist Fannie Mae and Freddie Mac. Most borrowers will receive substantial savings on FHA-backed loans, which carry reasonable interest rates that are fixed for the life of the loan. It also would give the FHA n… Continue