January 30, 2008

Real Estate News from the Internet...

Marco Island News from around the Internet:

Fed Rate Cut Spurs Mortgage ApplicationsMortgage applications rose 7.5 percent last week on a seasonally adjusted basis, according to the Mortgage Bankers Association. Read more >

New Home Sales Drop to 1980 LevelsHowever, not all markets are feeling the crunch. Sales posted a slight 1.6 percent advance in the Northeast. Read more >

FICO Scoring System Gets RedesignFair Isaac Corp., which devised the ubiquitous FICO credit scores, announced this week that it plans to roll out a suite of tools designed to predict future default risk. Read more >

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