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Featured News, Mortgage, Residential, US Real Estate

First-Time Buyers Taking Advantage of Market Conditions

By Mike Wheatley | November 2, 2011
First-time buyers are keeping up the pace, snatching up homes at more or less the same rate as they were before the introduction of tax credits for first-time buyers that created a buying frenzy back in 2009. In what may come as a surprise, recent statistics from the National Association of Realtors show that first-time […]
Market Watch, Mortgage, Real Estate, Residential, US Real Estate

Two Thirds Of Potential Foreclosures Are Prime or FHA Insured - The FED

By Donna S. Robinson | September 6, 2011
Last week the Federal Reserve held a policy forum in Washington, DC called "The Housing Market Going Forward, Lessons Learned From The Recent Crisis". At this forum Fed Governor Elizabeth A. Duke gave a presentation entitled "Rebalancing The Housing Market". While much of the presentation centered on the current discussion of how to get housing […]
Mortgage, Real Estate, US Real Estate

Obama May Reveal Mortgage Refinancing Plan Next Week

By Mike Wheatley | September 2, 2011
The Obama Administration is rumored to be about to reveal a new program for mortgage relief next week, in order to decrease foreclosure numbers and help homeowners stay in their homes, reports Reuters. Details of the new proposal remain a closely guarded secret, but the speculation is that President Obama is set to unveil a […]
Mortgage, Real Estate, Residential, US Real Estate

Is "Affordable Housing" An Oxymoron?

By Donna S. Robinson | August 3, 2011
Oxymoron: A figure of speech that combines contradictory terms. Earlier this year, the Obama administration came out in favor of getting rid of Fannie Mae and Freddie Mac. There was and is widespread disagreement over this idea, because Fannie and Freddie along with HUD are supposedly the purveyors of "affordable housing". At Fanniemae.com, they explain […]
Featured News, US Real Estate

Top Housing Official Jumps Ship For Lobbying Job

By Ryan Cox | March 17, 2011
Last week David H. Stevens announced he would step down as commissioner of the Federal Housing Administration, and this week its being announced that he will be named the next chief executive of the Mortgage Bankers Association (MBA). During his two-year stint in the Obama administration, he was a key adviser on housing-finance policies. He will succeed John A. Courson, a former mortgage banker who took the helm of the MBA in 2008. Mr. Courson’s departure is seen as a unexpected upheaval to a trade association that has had an extremely vociferous three year period.
Real Estate Investing, US Real Estate

Stewart Lender Services Introduces FHA Qualification Package

By Tavis J. Hampton | February 23, 2011
Stewart Lender Services, in conjunction with Spectrum Field Services, announced the availability of a new qualification package for investors that provides them with a comprehensive analysis of loss recovery for REO assets.
Commercial Real Estate, US Real Estate

Venture West's $7.8 Million Saves Cali Apartments

By Tavis J. Hampton | January 19, 2011
Venture West funding helps rescue 4 apartments out of economic hardship. With help from Greystone Servicing Inc., almost $8 million is secured for a private owner who needed emergency finance. The four complexes have almost 100 percent occupancy, and 7 and 10 year financing was needed to save this business.
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