By Mandelman What if you could know the answer to that question? Well, if your loan is in a securitized REMIC trust now you can… read on. You couldn’t keep up on your mortgage payments. Maybe they went up, maybe your income went down, or maybe it was both things happening at once, but whatever […]
Monthly Archives:: November 2013
New Aurora tasting room waits for time to shine – Lodi News-Sentinel
New Aurora tasting room waits for time to shineLodi News-SentinelThat spurred three generations of the family to grow up traveling between Mexico and California as farmworkers. By pooling their resources, four brothers (Victor, Armando, Ramon and Gerardo Anaya) planted the first vines of Cabernet Sauvignon and Petit … …read more
CNBC’s Diana Olick Has It Right, Says Housing Markets Headed for Trouble
By Mandelman CNBC’s Diana Olick says the downturn in home sales is worse than expected. I’m guessing she means worse than she and the cheerleading squad at CNBC expected, I’m not really sure… but it can’t be me she’s talking about, because the numbers today are nowhere near as bad as I expect them to […]
CNBC’s Diana Olick Has It Right, Says Housing Markets are Headed for Trouble
By Mandelman CNBC’s Diana Olick says the downturn in home sales is worse than expected. I’m guessing she means worse than she and the cheerleading squad at CNBC expected, I’m not really sure… but it can’t be me she’s talking about, because the numbers today are nowhere near as bad as I expect them to […]
Indian Billionaire Developer Mangal Prabhat Lodha Enters London, Buys $500 … – Forbes
Indian Billionaire Developer Mangal Prabhat Lodha Enters London, Buys $500 …ForbesMumbai-headquartered real estate developer Lodha Group, founded by billionaire Mangal Prabhat Lodha, announced Friday that it has inked a $500 million deal with the Canadian government to purchase Macdonald House in central London. and more …read more
All cash buyers slowly pulling back in California real estate: What happens when one third of your buyers begin moving cash elsewhere?
By drhousingbubble The cash buying and investor segment of the market has been the major catalyst for the current run in real estate. Record low inventory coupled by low rates brought on one of the best year-over-year returns for real estate. The investor crowd can easily pullback as quickly as it dove in head first. […]
Climb in S.J. home prices top in nation
San Joaquin County led the nation in housing price appreciation over the past year, the Federal Housing Finance Agency reported this week. …read more
Forget The Farms And Shopping Centers. Here’s A Look Inside Billionaire Stan … – Forbes
Forget The Farms And Shopping Centers. Here’s A Look Inside Billionaire Stan …ForbesStanley Kroenke made his fortune in real estate developing warehouses and shopping centers, many of them used by Wal-Mart, which was founded by his wife Ann Walton Kroenke’s uncle. Since then he’s amassed a sports empire that includes the NFL’s St. …read more
Thanksgiving Day Memories and What I Want for the Holidays this Year
By Mandelman What a wonderful day, Thanksgiving Day has always been. It arrives each year, right in the middle of the week, the stores are, or at least were, closed and for most people, it’s followed by three glorious days of weekend, during which the holiday season officially begins. Oh, I know some people work […]
Billionaire Bunkers: Beyond the Panic Room, Home Security Goes Sci-Fi – Forbes
Billionaire Bunkers: Beyond the Panic Room, Home Security Goes Sci-FiForbesIt starts with a property’s perimeter. “The exterior has always been the holy grail because you could never really protect it without 24-hour guard service,” says Christopher Falkenberg, a Secret Service agent turned security specialist for high-net … …read more
Luxury Property Brokers Raring To Pounce On Wealthy Art Lovers At Miami Art … – Forbes
Luxury Property Brokers Raring To Pounce On Wealthy Art Lovers At Miami Art …Forbes“Many people come here with intention of buying a piece of real estate this week,” says Ron Shuffield, president of Esslinger-Wooten-Maxwell Realtors, South Florida’s Christie’s International Real Estate affiliate. “But for many people, it’s a … and more …read more
Here’s What The Philippine Bubble Deniers Are Getting Wrong – Forbes
Here’s What The Philippine Bubble Deniers Are Getting WrongForbesU.S. Federal Reserve Chairman Ben Bernanke infamously denied the existence of our housing and credit bubble in 2005, at the exact same time that I was publicly warning about it. Central bankers have proven time and time again that they simply cannot …Not a bubble economy just […]
Evictions soar in San Francisco as real estate prices rise
Real estate prices have skyrocketed in San Francisco, making it more lucrative for many owners to sell than rent. Robert Earl Davis said his landlord notified him he was going out of the rental business and that he will be evicted from Apartment 72, which he rents in San Francisco, on Nov. 19. Davis has […]
Your guide to local businesses – San Francisco Chronicle
Your guide to local businessesSan Francisco ChronicleFEATURED LISTINGS. Ambassador Toys – 186 West Portal Avenue, San Francisco. (415) 759-TOYS. 9 a.m.-7 p.m. daily. www.ambassadortoys.com. City of Dublin – 100 Civic Plaza, Dublin. (925) 833-6600. 8 a.m.-5 p.m. Monday-Friday. www.ci.dublin.ca.us. and more …read more
Mortgage loan quality improved in 2013
Mortgage loans maintained their recovery course through the first half of 2013, as more loans showed greater signs of improvement. …read more
Freddie Mac extends mortgage relief options to Illinois Tornado victims
Illinois tornado victims with Freddie Mac-linked mortgages will receive a series of potential relief options to help them deal with the storm’s aftermath. …read more
HW continues to evolve, adapts email offerings
Free email newsletters are at the core of what we do here at HousingWire. And they’re continuing to evolve with the market — today, we’re announcing that we’re retiring the Intel email newsletter service, effective Wednesday, Nov 27. Read on to learn more. …read more
Key US housing markets challenged by lack of multifamily builds
A healthy apartment market balances demand against supply. With key US housing markets running short on multifamily builds, a few areas, like Colorado, are suffering through rising rental prices and tighter market conditions for renters. …read more
Fannie and Freddie offer $4.3 billion in mortgage servicing rights
Interactive Mortgage Advisors is overseeing another sale of $4.3 billion in mortgage servicing rights tied to Fannie Mae and Freddie Mac loans, following a recent series of MSR sales in the market. …read more
Final Net Investment Income Regulations: IRS Grants Relief To Real Estate … – Forbes
Final Net Investment Income Regulations: IRS Grants Relief To Real Estate …ForbesToday, we focus on an area of the final regulations that is likely to make a lot of people happy; specifically, those people who ply their trade in the real estate business and who until 4:00 PM yesterday, thought they were getting the shaft […]
ResCap mortgage settlement green-lighted
Another mortgage settlement took a step closer to completion this week, with bankrupt Residential Capital LLC receiving final approval from a New York bankruptcy judge to proceed with a proposed settlement involving mortgage borrowers associated with the company. The settlement would reduce an original $1.9 billion claim to $300 million, according to a report published […]
Downtown Los Angeles sees a housing revival
Housing is undergoing a renaissance of sorts in Downtown Los Angeles, with momentum returning to the market in recent months as builders look to increase the number of rentals available in the area. But is it a sign of recovery, or sign of the coming apocalypse? …read more
Foreclosure relief funds aren’t getting to borrowers: report
The Federal government has provided $7.6 billion to eighteen different states under its Hardest Hit Fund, designed to help struggling homeowners stay in their homes. But a new report shows that the states with the highest rate of foreclosures are doing the worst job of getting these funds to borrowers, with only $3 billion having […]
The 30-year mortgage, a product of the Depression
Many of us take the 30-year mortgage as a plain-vanilla, standard thing. It’s the baseline all other mortgages are measured by, after all. But Marketplace asks an interesting question: Who thought 30-year mortgages were a good thing? …read more
MERS notches win in Kentucky lawsuit
A lawsuit in Kentucky brought against Virginia-based Mortgage Electronic Registration Services, or MERS, has been tossed out of U.S. District Court. The case, brought by 14 different Kentucky county attorneys against the mortgage firm, alleged MERS owed Kentucky counties millions of dollars in fees. …read more