Featured News, Mortgage, Real Estate, Residential, US Real Estate

Fannie and Freddie Mortgage Write Downs - Another Bailout For Big Banks

By Donna S. Robinson | March 26, 2012
Fannie and Freddie regulator Edward DeMarco, the acting Director of FHFA, is taking a lot of heat for his reluctance to write down first mortgages for underwater homeowners. But DeMarco is rightly pointing out that the push to write down the first mortgages is merely a form of protectionism for the four largest banks in the U.S. - JP Morgan Chase, Wells Fargo, Citigroup, and Bank of America.
US Real Estate

The $26 Billion Foreclosure Settlement: Who Won? Who Lost?

By Guest Author | February 19, 2012
A consortium of the Department of Justice and the Attorneys General of every state other than Oklahoma recently announced a $26 billion settlement with the five largest new mortgage and home mortgage refinance lenders to settle claims related to improper foreclosures. Although it has been hailed as a significant victory for consumers and has been compared to the landmark $206 billion 1998 tobacco settlement, the details of the agreement paint a different picture.
US Real Estate

Taubman Acquires Nashville and El Paseo Shopping Centers

By Tavis J. Hampton | December 31, 2011
Taubman Centers Inc. has announced its acquisition of two prominent shopping centers in El Paseo, California and Nashville, Tennessee. Taubman purchased the properties in a deal valued at approximately $560 million. In Paseo, Taubman acquired The Gardens on El Paseo and El Paseo Village, two adjacent properties that cater to high-end retail and tourism. Offering […]
Real Estate, Residential, US Real Estate

First Time Buyers Wary of Making a Move

By Mike Wheatley | December 5, 2011
The average price of a home in the US has fallen to pre-2002 levels and interest rates are as low as they’ve been in living memory. So why is it that the number of first time buyers seems to be dropping, given all the incentives they have to act right now? According to a report […]
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 […]
Mortgage, Real Estate, US Real Estate

US Banks Strive to Win Broad Liability Releases

By Allison Halliday | July 25, 2011
Apparently efforts by US banks to win broad liability releases are proving to be a major obstacle in talks to resolve foreclosure practices and mortgage servicing. The liability releases would give the US Banks protection from further state and federal probes into their mortgage practices, including the lending and securitization of loans, and would form […]
Mortgage, Real Estate, US Real Estate

US Banks Are Still Robo-Signing

By Allison Halliday | July 19, 2011
In March the major mortgage lenders in the US said they would stop dodgy foreclosure proceedings which caused such scandals last year, but according to a Reuters investigation many are still continuing to use techniques such as robo-signing. Their investigation has found that many loan providers are continuing to file foreclosure documents that have been […]

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