News

  • Best Practices for Home Buyers by

    Now that the country seems to be slowly coming out of the recent economic turmoil, many people are thinking about buying a home. For people getting into the housing market for the first time or returning to the market after past economic upheavals, figuring everything out can seem daunting. To that end, we've gathered up some of the most important things to consider before you buy a home, during the buying process, and to keep in mind once you’ve become a homeowner.

  • Despite Deep Losses, FHA´s Condition Improves by

    The sustainability and financial condition of the Federal Housing Administration (FHA) is not as bad as initially thought. Days before President Barack Obama issued a spending proposal to keep the FHA alive, analysts at Bloomberg and the Wall Street Journal speculated that the improving median home prices in the United States are helping to reduce the troubled agency’s mortgage investment portfolio. The analysts were right in this regard, but the White House’s assessment of the FHA also revealed plenty to be concerned about.

  • Against All Odds: Multiple Bids Return by

    As eager real estate buyers and investors rush to take advantage of what may be their last shot at dirt-cheap prices, regional housing bubbles seem to be emerging in various markets across the United States. According to CNN Money and online real estate broker Redfin, housing markets in New England, California and South Florida are turning to seller’s markets with multiple bids on single properties.

  • Title Insurance Companies – Smart Banking Post-Recession by

    Following the challenging days of the 2008 collapse, title companies found themselves impacted by a perfect storm of consequences: an increase in claims, slowed government searches of records, transactional drop-offs, increased competition and rising purchases by investor groups more likely to use the services of real estate attorneys and brokers. In such a climate, title companies have needed to be astute with regard to their banking relationships – seeking bankers who provide security, responsiveness and creative business solutions for a myriad of situations.

  • Fannie-Freddie Announce New Streamline Modification Program - Why would you care? by

    Before I address this topic, I want to make sure you are aware that this is NOT HARP 3.0! This is for servicers only, and is another available tool in the suite of tools that are available to borrowers who are in danger of losing their homes to foreclosure, and acts as another option for delinquent borrowers to save their home.

  • Banks Revive Risky Mortgage Securities by

    The alchemists of Wall Street are at it again. The banks that created risky amalgams of mortgages and loans during the boom — the kind that went so wrong during the bust — are busily reviving the same types of investments that many thought were gone for good. Once more, arcane-sounding financial products like collateralized debt obligations are being minted on Wall Street.

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