Former MyNorthwest.com Content Contributor

Tom Kelly

Tom Kelly was formerly a Content Contributor to MyNorthwest.com.

Landlord scam: Fraud unit cracks down on foreclosure

Freddie Mac's fraud unit has teamed up with about 2,300 real estate professionals to crack down on scam artists posing as landlords who advertise foreclosed homes as rentals.

14 years ago

Fixed-rate mortgages remain calm during election week

Fixed-rate mortgages changed little this week, staying near their record lows after the national elections, according to the Associated Press.

14 years ago

Despite housing uptick, rental pool will continue to grow

Are you an investor looking to rehab a run-down house? Or, are you a member of a group ready to sink money into an apartment building? New data shows you'll have plenty of future customers.

14 years ago

Selling this fall? Make the most of the season

Homes can look less inviting in the fall and cooler months, but there are easy ways you can evoke that "homey" feel buyers crave.

14 years ago

Neighbors to the north: Housing party may be over

A chill is emerging in the once-booming Canadian housing market, as Canadian lawmakers take steps to make sure their market isn't headed for a crash as hard as the United States' housing bust a few years ago.

14 years ago

New house? Don’t confuse performance with maintenance

The son of a long-time friend recently caught me at a Friday night high-school game and informed me he and his wife had turned down an older home in the neighborhood they always wanted for a new home in a subdivision.

14 years ago

Realtor group pushes to extend loan cancellation tax relief

The nation's largest trade organization has sent a message to its million-plus members this weekend, urging them to support an extension of tax relief on mortgage forgiveness.

14 years ago

Market time: King County homes down to 60 days

Homes are selling significantly faster in King County than they were a year ago, a trend now present throughout most of the country.

14 years ago

Agencies partner on national mortgage database

The Federal Housing Finance Agency (FHFA) and Consumer Financial Protection Bureau (CFPB) announced that they are partnering to create a National Mortgage Database, which will be filled with detailed mortgage loan information.

14 years ago

Borrowers with sub-660 credit face loan hurdles

While lenders claim that standards for loans insured by the Federal Housing Administration have stayed about the same as they were in 2006, borrowers with credit scores lower than 660 are facing a tougher time in getting approved, according to a new survey by the Federal Reserve of 68 domestic banks and 23 U.S. branches and agencies of foreign banks.

14 years ago

Ten years later: Foreclosed borrowers still pay price

Only 30 percent of borrowers who defaulted on their mortgage in 2001 had returned to the housing market within 10 years.
14 years ago

See-saw mortgage interest rates tip lower again

The Associated Press reported that the average U.S. rate on a 30-year, fixed-rate mortgage slipped this week and stayed near its record low, a trend that's helped boost home sales and refinancing.

14 years ago

2013 home prices: Agents, economists on the same page

Both real estate practitioners and economists are in agreement: Home prices are projected to increase and recently released research data supports the claim.

14 years ago

Mortgage relief available for hurricane victims

Freddie Mac and Fannie Mae, the two biggest players in the secondary mortgage market, informed lenders that borrowers with homes damaged in Hurricane Sandy have mortgage relief options available to them.

14 years ago

Election-year rates take backseat to mortgage interest

The election-year discussion of how political parties planned to push interest rates lower didn't really materialize this year. In fact, the subject was moot.

14 years ago

Five ways to prepare your home for Halloween

Will all the pirates and princesses be able to make their way to your door? Have you taken the time to check around your yard before the neighborhood kids invade? According to the latest U.S. Census, there are about 41 million potential trick-or-treaters between the ages of 5 and 14. Zillow offers these five quick and easy Halloween safety tips.

14 years ago

Smaller projects push remodeling activity to seven-year high

More homeowners are tackling remodeling jobs once again. The Remodeling Market Index recently climbed to its highest point since the third quarter of 2005, the National Association of Home Builders reported.

14 years ago

Stormy weather: Four tips to help protect your home

With Superstorm Sandy's wrath evident on the Atlantic Coast in what's been dubbed "Frankenstorm," many homeowners are asking themselves: Have I done enough to weather-proof my home?
14 years ago

Seattle ranked No. 30 on curious “Best Baseball Cities” list

Bert Sperling, the "Best Places" guy who has churned out surveys on what makes the most livable cities and communities for three decades, has taken a curious turn with his latest effort - "Best Baseball Cities."

14 years ago

Scammers taking a ‘flop’ to lowball buyers, lenders

The latest mortgage fraud scam known as "flopping" has sellers who actually make their home look undesirable so that they can attract low offers from buyers.

14 years ago

Realtors say price increases not deterring buyers

Buyer demand is up, but there aren't enough homes available to buy, according to the National Association of Realtors which blamed a recent drop in home sales on a diminishing inventory.

14 years ago

Tom Kelly: Rely on your research, ask what’s possible

The son of a long-time friend recently caught me at a Friday night high-school game and informed me he and his wife had turned down an older home in the neighborhood they always wanted for a new home in a subdivision.
14 years ago

Too many rules: Lender leader calls for ‘traffic cop’

The Mortgage Bankers Association must push Washington lawmakers for greater transparency and coordination of the myriad of lending rules coming from regulators, said David Stevens, the organization's president and chief executive.
14 years ago

Buying a haunted house? Get the paranormal discount

Based on a Realtor.com poll, nearly a third of prospective homebuyers would not rule out buying a "haunted house" or a property where some sort of paranormal activity is said to have occurred.
14 years ago