Is Obama even going to talk about housing reform tonight?

Posted by & filed under Stockton Real Estate.

Whenever President Obama gives a major speech – such as tonight’s State of the Union address – housing analysts wonder if this will be the year when the president finally puts housing and mortgage finance issues center stage, declaring bold and brave new initiatives on the housing front. But don’t get your hopes up. It […]

The cure to zombie foreclosures

Posted by & filed under Stockton Real Estate.

Zombie foreclosures are taking over the Chicago area like a rapidly spreading disease. According to a recent report, at its current rate, there will be an additional 7,200 zombie properties in Cook County, including nearly 3,200 in the City of Chicago, by 2015. …read more

FGMC names new chief strategy officer

Posted by & filed under Stockton Real Estate.

First Guaranty Mortgage Corporation named Gretchen Malatesta chief strategy officer, where she will be responsible for assessing and managing the company’s overall corporate and geographic growth strategies. …read more

Title Source launches new app

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The mortgage process just got simpler for signing agent partners, with the launch of Title Source’s new mobile app, My Signings, which provides a streamlined process for Title Source. …read more

U.S. home prices edged up between Oct. and Nov.

Posted by & filed under Stockton Real Estate.

The real estate recovery continued in the latter part of 2013, but showed signs of slowing down even as price growth showed significant gains from year earlier levels. New data from Black Knight Financial Services shows only a slight increase in average home values from November to December. …read more

The man behind the Federal Reserve

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Federal Reserve Chairman Ben Bernanke will preside over his last Fed policy meeting Tuesday and Wednesday. During his tenure as chairman, he managed to surprise industry experts by helping stabilize the market and restoring investor confidence. Here’s a look back at his heavily criticized days leading the Fed. …read more

How QM fails to deliver

Posted by & filed under Stockton Real Estate.

The qualified mortgage rule was deigned to halt excessively risky lending, but according to one industry expert, the rule fails to really create any type of significant impact. …read more

New home sales fell 7% in December

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New home sales maintained a downward trajectory in December, falling 7% below November’s revised rate of 445,000 unit sales to a seasonally adjusted annual rate of 414,000 units. But this is still 4.5% above year earlier levels. …read more

Centerline Capital Group Refinances a Multifamily Property in Stockton, California – Wall Street Journal

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Centerline Capital Group Refinances a Multifamily Property in Stockton, CaliforniaWall Street JournalNew York, NY – January 27, 2013 – Centerline Capital Group is a provider of real estate mortgage services for conventional and affordable multifamily housing, announced today it has closed a $4.0 million Fannie Mae loan to refinance a multifamily … …read more

Think Millennials are stalling the housing market?

Posted by & filed under Stockton Real Estate.

For years now, everyone has been blaming the Millennials for stalling the housing recovery because of their reluctance in buying a home, but it may be the cohort right before them – the generational cuspers, or those born from 1978 to 1982 – who are to blame. This age group now has the lowest homeownership […]

Prof Robert Hockett: Need Eminent Domain to Break Securitization Suicide Pact Killing Recovery – A Mandelman Matters Podcast

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By Mandelman If you’re looking to start a fight over dinner at your in-laws, just bring up the topic of eminent domain, specifically as Cornell University Law School’s Professor Robert Hockett is proposing it be used to force the writing down of underwater mortgages for homeowners… and take whichever is the other side. My guess […]