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US Real Estate
Obama Planning Expansion of Home Affordable Refinance Program
By
Mike Wheatley
| September 13, 2011
Commercial Real Estate
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US Real Estate
Texas Hotels Up For Bids On Auction.com
By
Phil Butler
| June 8, 2011
In news from Seguin, Texas, just outside San Antonio, 13 hotel loans are up for auction to the highest bidder. Bidding at Auction.com began yesterday and will continue until 4 PM local time, according to the news. The winning bidders will take ownership of the mortgages attached to the hotels.
Residential
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US Real Estate
Reality Hits Home as Peggy Tanous Faces Foreclosure
By
Allison Halliday
| May 16, 2011
Reality star Peggy Tanous seems to have it all, but the truth is she’s already following in the footsteps of other Real Housewives in facing foreclosure, and is currently in dispute with three banks in an effort to try and keep her home in Irvine, California. PNC Mortgage, US Bank National and the BAC Home Loans Servicing are trying to get a foreclosure, but Tanous is fighting back with her own lawsuit as she believes the banks haven't honored a loan modification agreement.
US Real Estate
Clinton Bush Fund Brings Housing Opportunities to Haiti
By
Tavis J. Hampton
| March 21, 2011
Home ownership is a luxury in the earthquake-damaged neighborhoods of Haiti, but the Clinton Bush Haiti Fund will help provide mortgages to low-income residents in the island republic. It will provide $3 million to a program that is also financed by the Overseas Private Investment Corporation (OPIC) and the Haiti Reconstruction Fund (HRF), totaling $47 […]
US Real Estate
Government Failing Multicultural Homebuyers, Says Coalition
By
Tavis J. Hampton
| March 17, 2011
The Asian Real Estate Association of America (AREAA), the National Association of Hispanic Real Estate Professionals (NAHREP), and the National Association of Real Estate Brokers (NAREB) have collectively determined that the U.S. government is not doing enough to meet the needs of multicultural homebuyers. The three organizations are the largest representing multicultural real estate professionals. […]
US Real Estate
GOP Begins Plans to Reduce Role of Fannie and Freddie
By
Tavis J. Hampton
| March 15, 2011
By the time the media began to reveal the extent of damage major lending institutions had done to the U.S. economy, the names Fannie Mae and Freddie Mac were about as common as Brad and Angelina. Republican legislators in Congress are now ironing out a new plan to more gradually reduce the role of Fannie […]
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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.
Real Estate Investing
Six Florida Banks and Texas Ratio Woes
By
Phil Butler
| March 3, 2011
As if Florida had not been hit hard enough during this economic downturn, especially in the real estate realm, new today from the banking industry simply adds to the state's woes. The Texas Ration, a term used to basically determine bank solvency, for even banks that weathered the Great Recession - shows how fragile the economy really is in the deep South.
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