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The Tale of a House, and an Entire Market
Home values in the Atlanta area fell more than 30 percent but have recovered somewhat. This house with a vaulted-ceiling family room on a cul-de-sac in the suburb of Smyrna followed a similar . (“What typically happened was people who had any home

Wells Fargo to sell servicing rights to $39 billion in home loans
Wells Fargo to sell servicing rights to $39 billion in home loans The sale of the servicing rights comes as new companies like Atlanta-based Ocwen, which focuses on collecting payments on residential and commercial mortgages, have driven up demand for these assets. The higher prices make it more attractive to sell 

Gundlach not buying the housing recovery
“The housing market is softer than people think,” Mr. Gundlach said, pointing to a slowdown in mortgage refinancing, shares of homebuilders that have dropped 13% since reaching a high in May, and the time it's taking to liquidate defaulted loans

Shift in home loan market causes jitters in South
Congress, in passing the 2010 Dodd-Frank financial reform law, included the Ability to Pay provision and a mandate for more thorough documentation of mortgage loans. » READ MORE: Mortgage lending standards put credit unions Beige Book reports for

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Rising Savannah rent sparks more home sales

The thousands of Savannah College of Art &Design students who call downtown home also impact the market, according to Dicky Mopper of Engel &Volkers Savannah and Mopper Property Management. Mopper has been in the industry for more than 40 years.

While multiple student residents might split a $1,600 a month rental, making their share a few hundred dollars a month, Mopper said that same apartment is less affordable for a young professional or couple, causing many to look for affordable housing.

“Very often, even though there are people who want to rent and have no desire for home ownership, the rising rent prices has created a new purchaser market because a lot of people are making the decision. Why should they pay $2,000 in rent when they could use that for a mortgage payment?” said Mopper.

“We’re definitely seeing more people who thought they were going to be in the rental market becoming buyers.”

Mopper’s management company oversees about 150 units, including a few homes. In prime locations such as the Historic District, he said a one-bedroom unit usually ranges from $1,400 to $1,800 a month and two-bedrooms cost upwards of $1,500 to $2,500 a month.

Does anyone know any good mortgage lenders for people with not so good credit in Atlanta, GA area? HELP!!?

Email: maria@homeloansusa.