| STARKE PULASKI BOARD OF REALTORS |
| Becky L. Pulver Executive Officer |
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Mission Statement
The Starke Pulaski Board
of REALTORS® is a
diverse group of people
who derive an income
from the real estate
industry. The
organization promotes
competence and education
and strives to increase
professionalism. Its
purpose is to enhance its
members abilities to be
successful through
networking, supportive
services and we
enforcement of the
National Association of
REALTORS® Code of
Ethics for the protection
of its members and the
public we serve.
The Starke Pulaski Board
of REALTORS® is a
diverse group of people
who derive an income
from the real estate
industry. The
organization promotes
competence and education
and strives to increase
professionalism. Its
purpose is to enhance its
members abilities to be
successful through
networking, supportive
services and we
enforcement of the
National Association of
REALTORS® Code of
Ethics for the protection
of its members and the
public we serve.
| 0035 East 250 North Knox, Indiana 46534 |
| Designed & Maintained by Becky L. Pulver |
| Disclaimer : The information contained in our website is believed to be reliable but is not guaranteed. We make every effort to maintain this website to have current, accurate information. However, we cannot warrant the accuracy of the information contained in our website. This includes, but is not limited to, our website and information contained in websites that are linked to our information contained in website. |
| 574-772-5300 phone ~ 574-772-4968 fax ~ spbor1@csinet.net e-mail |
| Daily Real Estate News October 15, 2010 30-Year Mortgage Rates Plumb New Depths ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ Freddie Mac reports that the average interest on 30-year fixed mortgages slipped to an all-time low, for the third consecutive week, to 4.19 percent. At the same time, 15-year fixed-rate loans and the five-year adjustable-mortgage rate both also hit record lows. Rates on the former were 3.62 percent, while the latter averaged just 3.47 percent. Source: The Wall Street Journal, Nathan Becker (10/15/10) |
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| Banks Pressured to Fix Foreclosure Problems Banks are under increasing pressure to fix the foreclosure mess as analysts predict dire consequences and investors sell off bank stocks. “The nation has been in denial about the scope of the problem, and it’ s now just being revealed,” says Janet Tavakoli, founder of Tavakoli Structured Finance Inc., a financial consulting firm. “This is a huge crisis for our country.” Harvard Law School visiting professor Katherine Porter, who investigated foreclosures in 2007, says lenders should agree to modify loans and avoid lawsuits. “From the beginning, mass modifications would have been better and I still think they’d be cost-saving,” she says. Principal reductions could lead to “huge losses” for banks, says James Ellman, president of hedge fund Seacliff Capital. “You could potentially be talking about hundreds of billions of dollars in losses.” Source: Bloomberg, Dakin Campbell and Christine Harper (10/15/2010) |
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