By Ryan Lundquist You had an appraiser come out to your property last week and the appraisal is still not complete. It’s been 10 days!! What is going on? Here are some reasons why the appraisal might be taking so long. Liability: Appraisers have to support the value in the appraisal report and be liable […]
Monthly Archives:: October 2013
Mortgage applications shoot up 6.4%
Mortgage applications leaped a bit higher for the week ended Oct. 25, increasing 6.4% on refinance applications. …read more
HW 30 rises after positive Case-Shiller report
The HW 30 had a good day Tuesday, rising alongside the other stock stock indices in the wake of Standard & Poor’s latest S&P/Case-Shiller Home Price report. …read more
You’re not STUCK with low credit score. And you CAN’T afford to ignore it.
By Mandelman Like it or not, your credit score today impacts your entire life. But, just because yours is lower than you’d like, or lower than in the past, does not mean you’re stuck living with it. A lower credit score not only means that you’ll pay higher interest rates on mortgages, car loans, credit […]
Banks, business trade groups push for CFPB reform
The Consumer Financial Protection Bureau lacks the check and balances, the financial accountability and the transparency that is generally found at other financial regulators operating out of Washington D.C., experts told the House Financial Services Committee on Tuesday. …read more
Ally reaches settlement with the FHFA, FDIC
Ally Financial Inc. reached a settlement with the Federal Housing Finance Agency and the Federal Deposit Insurance Corp. to resolve lingering mortgage issues. …read more
Ally reaches $170 million settlement with FHFA, FDIC
Ally Financial Inc. reached a $170 million settlement with the Federal Housing Finance Agency and the Federal Deposit Insurance Corp. to resolve lingering mortgage issues. …read more
Uncertainty about the future plagues servicers
Mortgage servicers flourished during the financial crisis, but their high growth and rapid transformations leave high operational risks that constrain their ratings. …read more
2013 Remaining Market Outlook And What To Do Next – Forbes
2013 Remaining Market Outlook And What To Do NextForbesAs a result, the real estate investment trust (REIT) asset class, which is comprised of many different sectors of real estate including, but not limited to commercial and residential real estate, and related international real estate investment … and more …read more
JPMorgan’s government settlement is on thin ice
JPMorgan Chase is at risk of having its multibillion-dollar settlement with the government fall apart over a disagreement about the bank’s effort to be reimbursed by a government-controlled fund. …read more
What Does A Real Estate Buyer’s Agent Do? – Forbes
What Does A Real Estate Buyer’s Agent Do?ForbesIt’s no secret that the real estate industry has evolved in numerous ways over the last decade. With the internet and mobile devices taking the market by storm, buyers have unprecedented access to property information at their fingertips, without … …read more
Pros And Cons Of Selling Your Home To A Real Estate Investor – Forbes
Pros And Cons Of Selling Your Home To A Real Estate InvestorForbesor perhaps you’ve even received an offer to purchase your home from a real estate investor investor. The real estate market has changed dramatically over the last decade and it’s becoming more and more common for a typical home seller to encounter … …read […]
Sen. Warren sounds the alarm on irresponsible housing reform
While Sen. Elizabeth Warren, D-Mass., made it crystal clear to a massive crowd that reform is ‘absolutely necessary,’ she urged Congress to act carefully because any hiccup in the creation of a new housing finance structure will be costly to middle-class taxpayers. …read more
Consumer confidence falls the most since Aug. 2011
Consumer confidence fell to its lowest level since August 2011 in October, as the government shutdown deflated any sense of optimism still lingering from the first part of the year. …read more
House panel grills FHA Commissioner
Federal Housing Administration Commissioner Carol Galante pushed back at claims from Congress that the FHA’s recent request for a $1.7 billion Treasury draw is a bailout or proof that the agency’s model is a failure. …read more
Mass. foreclosure activity continues to fall
Foreclosure activity continued to fall in Massachusetts last month, with 247 foreclosure deeds recorded in September, making it the 16th consecutive month of year-over-year foreclosure declines. …read more
Paul Ryan: We will try to get QM delayed
Paul Ryan, the Republican congressman and former vice presidential candidate from Wisconsin, doesn’t mince his words. Actually, discussing the nation’s economy is more important to him than eating. …read more
Dallas-Fort Worth foreclosure filings drop 49% annually
The number of Dallas-Fort Worth area homes facing foreclosure is down 49% from last year, a local foreclosure data firm claims. …read more
MBA: Mortgage originations to drop 32% in 2014
The year 2014 is expected to bring a 32% year-over-year drop in mortgage originations, with the Mortgage Bankers Association forecasting a $1.2 trillion origination market. …read more
Market views Ocwen earnings as bellwether for servicing
The servicing industry is facing rapid changes, which makes the upcoming Ocwen third-quarter earnings report a bellwether for the entire space. The mega servicer will publish 3Q results Thursday. …read more
Tantleff’s finacing themes for 2014 – HOTELS
Tantleff’s finacing themes for 2014HOTELSTantleff, with 25 years of diverse, hands-on experience in lodging real estate investment and development, shared his thoughts exclusively with HOTELS Magazine. The end of pretend. Despite looming maturities in 2014-16, there will be … The bankruptcy … …read more
FHFA lawsuit could cost BofA upwards of $8B
Bank of America may end up paying as much as $8 billion to settle a mortgage lawsuit filed by the federal government. …read more
New members join the MGIC board of directors
Mortgage insurer MGIC Investment Corp. appointed Cassandra Carr and Gary Poliner to the company’s board of directors and will serve part of the audit committee and Securities Investment Committee. …read more
S&P/Case-Shiller: Home prices rose 12.8% annually in August
Home prices continued to climb in August, with the average home price growing 12.8% for the 10- and 20-city composites year-over-year. …read more
Digital Realty Trust Earnings Projected to Increase – Forbes
Digital Realty Trust Earnings Projected to IncreaseForbesDigital Realty Trust is a real estate investment trust, engaged in the business of owning, acquiring, developing, redeveloping, and managing technology-related real estate. Other companies in the real estate operations industry with upcoming earnings … and more …read more