Foreclosure filings climbed in 75% of the nation's metro areas during the first half of 2010, according to a report issued Thursday.
Home mortgage rates and real estate news - CNNMoney.com
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RISMedia
By Jim Buchta
RISMEDIA, July 30, 2010?(MCT)?Government cash didn’t help John Foley and Cindy Case sell their Minneapolis house before the federal home buyer’s tax credit expired at the end of April, so the couple decided to take matters into…
RISMEDIA, July 30, 2010?RealtyTrac, a leading online marketplace for foreclosure properties released its Midyear 2010 Metropolitan Foreclosure Market Report, which shows 154 of the 206 U.S. metropolitan areas with a population of 200,000 or more posted year-over-year increases in foreclosure…
RISMEDIA, July 30, 2010?A wide array of organizations including the American Land Title Association, the National Association of Realtors, AFSCME, Vote Vets, the Center for Responsible Lending, the Property Rights Alliance and the Institute for Liberty recently launched The Coalition…
By Don Lee
RISMEDIA, July 30, 2010?(MCT)?The White House?s recent prediction that the deficit would hit a record $1.47 trillion this year poured new fuel on the fiery argument over whether the government should begin cutting back to avoid future…
RISMEDIA, July 30, 2010?Nestled in the premier community of Coronado Village in the vibrant and affluent city of Coronado, California, this completely remodeled 2,700-square-foot family home has three bedrooms, three bathrooms, a spacious kitchen with a long bar and adjoining…
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Realtors: Here’s 6 Talking Points for Dealing With For Sale By Owners
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10 Ways to Mitigate Risk and Control the Outcome in Real Estate Investing
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How Do We Learn Widely Based Complex Disciplines?
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Fannie Mae Outlaws Appraisal Cutting
HomeGain Blog
Mortgage News Daily
Posted To: MBS Commentary
Treasury just sold $29 billion 7s to a group of uninterested buyers... Auction demand as measured by the bid to cover ratio was below average. 2.78 bids were submitted for every 1 accepted by Treasury. Compare that to the ten auction average of 2.81 and the five auction average of 2.86. 25.6% of the issue was awarded at the high yield of 2.394%. This was 2.1bps above the 1pm "when issued" bid, a sign that buyers were looking to pay a little less than they did. Primary dealers took down a much greater award than usual, which explains why the high yield tailed. 48.8% of the issue and 25.1% of what they bid on. Both metrics are above average. This is not indicative of strong buyside demand. Directs were awarded 8.9% of the competitive bid. That makes them 0 for 3 this week. Indirects...(read more)Posted To: MND NewsWire
In the wake of the passage of Wall Street Reform, which many opponents have criticized Capitol Hill for failing to deal with the future of Fannie Mae and Freddie Mac, the Obama Administration is beginning to present the broad outlines of how the future of the GSEs will be determined. In a letter released Tuesday , David H. Stevens, acting commisioner of the FHA, said that the question of reforming the GSEs is "not if, but when." The Obama administration, he said, has made it clear from the beginning that the current structure of the government's role in the housing finance market is unsustainable and unacceptable, but winding down Freddie and Fannie abruptly would destabilize an already fragile housing industry and put the loans already on the books of these institutions at even...(read more)Posted To: Community Commentary
I recently spoke on two interesting panels at the American Conference Institute’s two day symposium on Reverse Mortgages. The conference was held at the famed Helmsley Park Lane Hotel in the heart of Manhattan. The conference attracted a virtual who’s who in the mortgage and reverse mortgage industry. The speakers and the attendees formed an eclectic group which ranged from major law firms, title companies, quality control experts, compliance examiners, HECM counseling experts and state and federal regulators and various enforcement agencies. There was a genuine desire to understand the program so that enacted policy could be effective. On the first day of speaking, I was joined by Dave Adkins, OTS, Matthew Yoon, Esq. and Arthur Axelson, Esq. I pointed out that HERA could prevent...(read more)Posted To: Pipeline Press
On a non-mortgage note, my son asked me, "At what age is it ok to tell a highway that it is adopted? At some point the highway will realize that it doesn't look like the Kiwanis's Club." I would have told him to "keep his day job", except he doesn't have one as he prepares for college. Lots of folks don't have jobs, as re-emphasized by this morning's Initial Jobless Claims number. One industry veteran told me, "The weekly number is just catnip for those who think the economy is limping along," and this morning's numbers came in down 11,000 to 457,000, but continuing claims climbed. Employment is still a huge issue for the economy, but the unemployment situation is certainly helping to keep rates low. We are not done with implementing the...(read more)Posted To: MND NewsWire
As we have pointed out over the last few weeks , America has a homelessness problem; over a million individuals and families are temporarily or chronically homeless. While the statistics don't fully address this aspect, there is at least anecdotal indication that some of these people are in shelters or on the street because their own home or one they were renting was foreclosed. There is also purely anecdotal information that a lot more homeowners are hanging on by their fingernails; savings and unemployment exhausted, legal remedies gone, as lenders churn through a backlog of pending foreclosures and subsequent evictions. In other words, the problem could well get worse. It is also clear that the country is deep into what we are going to abuse poetic license to call a "home problem...(read more)
A Bird's Eye View
Yesterday and today, Facebook announced some new product enhancements, some of which are pretty cool. They underscore Facebook’s continuing commitment to connect objects (articles, homepages, photos – anything) across the web and provide social context to them. (“Brad likes Diet Coke.” ”Derek likes this photo.” ”Alex likes Roost.”) Let’s take a look at some of the features in a bit of depth:
Comment on Likes
Previous, when people liked a site or article, the only thing that would publish to [...]
As you may be aware, Facebook has methodically become one of the most important websites on the planet. With nearly 500 million active users spending an average of an hour a day on the site, some say that Facebook has become as equally important as Google in your marketing efforts.
Having a Facebook presence for your real estate business is no longer an option, it is a necessity to stay in front of where the eyeballs are. [...]
“The Viral REALTOR” is a two-part post about getting the most out of your social media marketing effort on Facebook.
Part I: Facebook is evolving to benefit your business. Take your real estate business viral with Facebook communication channels. Support your Facebook success on your website and blog.
If you?re a business, Facebook is the place to be. It has the scale, and it has the channels. Yes, the days [...]
The Roost team is excited to announce a couple of significant product enhancements today.
1. The Roost Social Real Estate Toolkit can now be used in any US city! Yes you heard it right, any US city. After the initial launch of our ground-breaking product back in March, we heard from literally thousands of agents from across the nation asking us to add their city so they could use our product. We listened and, starting today, if you cover a city [...]
Yesterday, Roost announced Roost Rank?, a quick & easy diagnostic check up of the health and vitality of your company?s Facebook Page. The immediate demand and feedback for Roost Rank has been incredible!
With the success of this product and our attendance at the RISMedia Social Media Summit next week (June 9-10, 2010), we thought we would offer the opportunity for attending real estate brokerage companies to receive their Roost Rank while [...]
Shelter Offshore
Real Estate Market Conditions
Housing Doom
msnbc.com: Real estate
Mortgage loan originators will have to be fingerprinted and sign up to a central registry to do business in future, according to new rules issued by the Federal Reserve and other regulators.
Households across a majority of large U.S. cities received more foreclosure warnings in the first six months of this year than in the first half of 2009, new data shows.
For the second year running, ForbesWoman has gathered the data and crunched the numbers to determine the U.S. cities that offer the most to working moms.
Yahoo! News: Business - Real Estate
Reuters - Citigroup Inc will pay $75 million to settle charges that it failed to disclose subprime exposure to investors in 2007, the U.S. Securities and Exchange Commission said on Thursday.
AP - Mortgage rates are the most affordable in decades for those who can qualify for a loan.
NYT > Real Estate
