While pending home sales declined in December – and housing groups blamed it on the weather – the market is dealing with a great deal of contradictory data. …read more
Monthly Archives:: January 2014
Denver real estate broker battles Fannie Mae
Fannie Mae filed a complaint against K.O. Realty Inc., arguing that it properly terminated its master listing agreement broker contract with the Denver-based firm. However, the Realtor filed a counterclaim, noting that she was wrongfully terminated. …read more
Pending home sales data mirrors pre-crash levels
Pending home sales fell steadily from May to December last year, closely mirroring the trajectory of the same indicator months before the 2007 home price crash, analysts Chris Flanagan and Justin Borst with Bank of America-Merrill Lynch claim in a new report. …read more
Will market turmoil drive the Fed to taper the taper?
So how much of this volatility comes from the Fed pulling its thumb off the quantitative easing scale and slowing the easy money gravy train? …read more
New Home CEO: Big-Time Bullish On California Real Estate – Forbes
New Home CEO: Big-Time Bullish On California Real EstateForbesDespite a volatile equities market, The New Home Company (NWHM) pulled off a successful IPO today. The company priced 7.8 million shares at $11 each. And so far, the stock is up about 9%. So to learn more about the company, I had a chance to talk […]
Credit Suisse brings fourth jumbo RMBS to market
DBRS notes the deal bears some semblance to pre-crisis jumbo RMBS. However, the representations and warranties are backstopped by a wholly owned subsidiary of Credit Suisse. …read more
Credit Suisse brings third jumbo RMBS to market
DBRS notes the deal bears some semblance to pre-crisis jumbo RMBS. However, the representations and warranties are backstopped by a wholly owned subsidiary of Credit Suisse. …read more
Is California built out? Privately owned housing starts remain all-time record lows. Affordability continues to crush home buying but signs of lower prices loom.
By drhousingbubble One of the major signs of a tipping point in real estate includes rising inventory, falling sales, and a resistance to higher home prices. California has reached this level. Affordability is a major challenge with only one out of three families able to afford the median priced home in the state. What is […]
NY Court signs off on $8.5B BofA settlement over pooled mortgages
After more than two years of legal wrangling, a New York judge signed off on a controversial $8.5 billion settlement between Bank of America (BAC) and The Bank of New York Mellon over toxic mortgage securities. Investors spent the past two years trying to stop the deal, suggesting it ignored their interests. …read more
You won’t believe what Financial Times says about the ASF’s convention
The Financial Times’ intrepid U.S. correspondent, Tracy Alloway, stopped by the ASF registration on Sunday and it looks grim. …read more
$2.4B Fannie Mae MSR sale hits the market
MountainView Servicing Group is advising the sale of a $2.4B Fannie Mae mortgage-servicing rights portfolio with total unpaid principal balance of $2.4 billion, which features a weighted average interest rate of 3.69% and no delinquencies. …read more
Is the housing sector a drag on the U.S. economy?
The headlines in most news stories and economic commentaries indicate that the housing market is continuing to improve and with it the US economy. But if you dig into the numbers a bit, the reality in the housing market is a good bit more subtle than the headlines suggest. …read more
America still has plenty of vacant homes
Although inventory remains tight, there are still many vacant homes out there. However, homeownership data remains a bit misleading. …read more
Third prominent banker found dead in six days
Three prominent bankers appear to have committed suicide in six days. Is it weird coincidence or is there something going on? …read more
We love these Superbowl ads
The stock market is bleeding, so take a two-minute break for a little Superbowl preview and ads that will touch the heart or make you laugh. …read more
These Superbowl ads have us teary-eyed
The stock market is bleeding, so take a two-minute break for a little Superbowl preview and ads that will touch the heart. …read more
AIM Your Way expands leadership team
AIM Your Way and America’s InfoMart, Inc., a national field services company, added two industry veterans to its executive management team, naming Anthony Golden and Todd Pawlinski president and executive vice president of operations, respectively. …read more
Senate passes bill to delay flood insurance premium hikes
Senate green lights bill to delay flood insurance premium hikes. It’s now up to the U.S. House of Representatives. …read more
The Rundown: 3 charts that show a recovery stalling
Retail sales are down, pending home sales are down, and now retail foot traffic is down. But we’re in a “recovery.” …read more
Genesis Capital expands operation to meet heightened demand
Genesis Capital plans to expand its business operation following a direct investment provided by investment funds managed by Oaktree Capital Management, expanding its business operations. …read more
Lehman Brothers Holdings sells apartments acquired out of foreclosure
A subsidiary of Lehman Brothers Holdings Inc. has sold the Serrano Apartment Homes in West Covina, Calif., to B.A.G. Investments for $29.4 million after acquiring the properties in September 2012 through foreclosure proceedings. …read more
Flip now if you plan to flip that house at all
If you’re flipping or planning on flipping, you can’t move fast enough if you want to cash in and cash out. …read more
Dubai Back To Being Muslim Capital Of Real Estate – Forbes
ForbesThe palm is known as Palm Jumeirah Island, built by Dubai government-owned real estate developer Nakheel in 2005, is not for the middle class. A house on the “trunk” of that island will cost over $1 million. A two bedroom, 1,700-square-foot apartment … and more …read more
Final ING mortgage bond auction set for next week
This will bring the long history of ING private mortgage bond investments in the United States officially to a close. …read more
FHA goes full throttle with modernization effort
The Federal Housing Administration policy launched this week allows e-Signatures on origination, servicing and loss mitigation documents. …read more