US Real Estate

Bank of America - Settlements - Distance from Wrongdoing

By Phil Butler | January 8, 2013
Yesterday the biggest settlement of the ongoing financial crisis was hammered out between bankers and loan buyers such as Fannie Mae. The civil settlements, to the tune of $19 billion forthcoming from the bankers, may signal the coming of the end for Federal regulatory probes.
US Real Estate

Widespread Employment Changes May Result In More Problems For Housing Industry

By Donna S. Robinson | November 16, 2012
The impact of widespread reductions in the working hours of employees in a large variety of industries would be highly likely to trigger more delinquencies and foreclosures for housing. In the past week and a half since the presidential election confirmed that the Affordable Care Act would be implemented, I've personally heard from local employees […]
Editorial Insider, Featured News, US Real Estate

Would Honesty, Education and Accountability Have Lessened Our Real Estate Market Woes?

By Anita Cooper | August 9, 2012
Whether or not you believe that housing has hit bottom, there are some things to be learned from the recent fiasco that was the housing market. Greed is an ugly business, a vice to be eradicated, especially in the markets.
Featured News, Investing, Mortgage, US Real Estate

Is Uncle Sam Helping The Housing Market, Or Merely Finishing It Off?

By Donna S. Robinson | May 29, 2012
According to the May 2012 Issue of FHA Watch, Uncle Sam is now a totally dominant force in home mortgage financing, along with other major sectors of the U.S. economy. But the question is, is this a help or a hindrance?
Featured News, Mortgage, US Real Estate

Banks Are Lending Money Again, But Not To Everyone Of Course...

By Mike Wheatley | October 19, 2011
What with the economy continuing to flounder, you might be surprised to learn that a rather unusual thing has happened. Banks have started lending more money again. According to the New York Times, banks have once again increased the flow of the borrowing tap, and loan growth, despite the fact it is still at a […]
Featured News, US Real Estate

Fannie Mae's Michael Williams: Clueless in San Diego

By Phil Butler | March 6, 2011
Fannie Mae President and CEO Michael J. Williams was at the University of San Diego at an annual discussion on the future of home lending. At the top of his agenda, the Obama Administration's plans to eliminate Fannie Mae altogether - but some side stepping was involved. However slippery Williams and other officials have become, it's clear lending may never be the same again.
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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