|
|
Browse by Tags
All Tags » Industry (RSS)
-
Twelve years ago, Washington Mutual was on a can't-miss roll. The Seattle-based thrift had made 22 bank buys since 1983 and increased its lead over the competition in mortgage lending in all Northwest states. It was riding high on the commercial success Read More...
|
-
California's attorney general today announced a multibillion-dollar settlement over alleged unfair and deceptive lending practices by Countrywide Financial Corp. -- the company was acquired by Bank of America earlier this year. The settlement is expected Read More...
|
-
Fixer-upper properties come in many varieties. Cosmetic fixers usually offer the biggest return on your investment. And, they tend to be a lot less costly than homes that require major renovation. An ideal cosmetic fixer would be a house that had been Read More...
|
-
DEAL OR NO DEAL? It appears a deal has indeed been struck, as Congressional leaders and the Bush administration announced they had come to an agreement to spend up to $700 Billion on the historic Bailout Plan. But first - a look back at the past week, Read More...
|
-
It wasn't supposed to happen. "Housing prices weren't supposed to decline absent a significant decline in employment, but they have: big time," according to a quarterly economic forecast released today. "Put bluntly, housing consumers Read More...
|
-
Situation likely to hit harder than a short sale Q: I have a real estate investment property that is a single-family home in a country club community. I bought this property about two years ago at a below-market price and have done some significant rehab Read More...
|
-
The government takeover of mortgage financiers Fannie Mae and Freddie Mac could mean lower interest rates for many borrowers but is unlikely to solve one of the biggest problems of the credit crunch: the shrinking number of people who can get a loan in Read More...
|
-
Treasury Secretary Henry Paulson and Federal Housing Finance Agency Director James Lockhart held a press conference Sunday to announce that the government had placed Fannie Mae and Freddie Mac under conservatorship. After meetings with the boards of directors Read More...
|
-
Live from the NBC Studios at 30 Rockefeller Plaza in New York… On Tuesday, Aug. 26, RE/MAX International Chief Executive Officer Margaret Kelly is scheduled to appear in the 9 a.m. hour of “The Today Show”. She will discuss two topics, Read More...
|
-
Fannie follows Freddie, boosts workout incentives Fannie Mae has boosted incentives for loan servicers who engage in workouts with troubled borrowers that help them avoid foreclosure, including repayment plans, loan modifications, short sales and deeds-in-lieu Read More...
|
-
Payments to brokers, builders run afoul of anti-kickback rules A bankrupt Arizona mortgage lender paid $856,000 in bonuses, marketing fees and "non competition" fees to mortgage brokers, builders and real estate brokerages that referred nearly Read More...
|
-
By Fayette Wester RISMEDIA, August 11, 2008-Moving may seem like an overwhelming experience for some home buyers, so we’ve compiled a list of “don’ts” to help consumers gear up for a smooth move. 1. Getting a quote over the phone Read More...
|
-
Government-chartered mortgage financier Freddie Mac posted an $821 million net loss in the second quarter, bringing losses for the last 12 months to nearly $1.6 billion. The news raised concerns that the company will have to raise more capital than the Read More...
|
-
Borrowers finding loan mods easier when not dealing with two lenders. The blame game for the development of the current mortgage crisis is now in full swing, and, with one exception, no major participant escapes unscathed: Lenders and investment bankers Read More...
|
-
Mortgage rates are back down to 6.5 percent (low-fee), taken by sudden understanding that the economy probably passed its high point for the year in June. A huge spike in unemployment claims (to 443,000 last week, 60,000 above recent range) may overstate Read More...
|
|
|
|