Real estate is at a ten year high, according to one veteran, and set for a slight correction. This one mortgage segment will benefit, though
Many assumed that if Richard Cordray quit the CFPB to run for Ohio governor, other Democratic candidates would step aside. That doesn’t seem to be the case
Mike Ferry is the founder of The Mike Ferry Organization, the leading Real Estate Coaching and Training Company.
(AEI - American Enterprise Institute) -- Today, the National Association of Realtors (NAR) will be running its third ad presenting what it calls “FHA Facts“. The NAR apparently supports the FHA’s decades-long loan insurance nightmare that has resulted in an estimated 3.2 million dashed homeowner dreams since 1975. This represents a failure rate over 37 years of 1 in 7 families who have gotten an FHA loan. This is nothing short of scandalous.
Could the CFPB be worried that its ability-to-repay/qualified mortgage rule is already contracting the availability of mortgage credit?
(Bloomberg) - Construction spending in the U.S. unexpectedly fell in January following the biggest back-to-back gain in a year, reflecting a slump in nonresidential and government projects.
What a wonderful and exciting time for those professionals involved in Ohio's real estate market from the broad sense down to the local community markets. Exciting not only for Realtors, but also for contractors, builders, inspectors and let's not forget the banks.
RealtyTrac reported today 947,995 U.S. properties in some stage of foreclosure or bank-owned (REO) were sold during the year, a decrease of 6 percent from 2011 and down 11 percent from 2010.