Attention, second-home buyers

Attention, second-home buyers
The case for buying a second home in the United States is growing stronger.

Although prices in some regions are still dropping, the pace of decline is generally levelling off, notes Sal Guatieri, an economist in Toronto at BMO Nesbitt Burns Inc. More >

House shoppers find FHA loans cost more

Mortgages insured by the Federal Housing Administration — often called “FHA loans” — have long been an option for home buyers who don’t have a lot of cash for a down payment or whose credit is less than optimal. More >

Home Insurance Part of the Big Move

March saw house prices rise 2.2% according to the latest Halifax report as first-time buyers rushed to get on the property ladder before the end of a stamp duty holiday. For many observers this could be just the first signs of recovery in the property market with Rightmove predicting asking prices will continue to rise in 2012.* More >

Insurance Australia to Buy 30% of Vietnam’s AAA Assurance

Insurance Australia Group Ltd., (IAG) the Sydney-based insurer formed in 1925, agreed to buy a stake in AAA Assurance Corp., the Vietnamese insurer said. More >

Foreclosures New Filings Drop

Filings of new foreclosures in the U.S. dropped in the first quarter of 2012 to the lowest level since 2007. Lenders, who have been under scrutiny by federal authorities slowed down their actions against homeowners delinquent on their payments. More >

FHA retreats on lending rule change

The Federal Housing Administration has backed off from a rule change that would have made it harder for potential homebuyers to get government-backed mortgages. More >

Insurance company plans to add 200 employees

Wilmington-based online brokerage HomeInsurance.com has been taken over by Red Ventures and expects to hire 200 people in the next two years.Red Ventures, based in Fort Mill, S.C., announced the deal Tuesday. More >

Mayfield may lose home to foreclosure

The problems for Jeremy Mayfield seem never-ending. The former NASCAR driver already faces several felony charges after police said they found stolen property at his home. More >

US Pending Home Sales Down 0.5% In February

The number of U.S. home buyers who signed contracts to purchase previously owned homes fell slightly in February, a reminder that the housing market’s recovery remains uneven. More >

‘No proposal to shift to paperless insurance model’

Insurance regulator IRDA is not considering any proposal to shift the sector to a paperless model, but customers can opt for e-insurance. More >