- Despite Deep Losses, FHA´s Condition Improves
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
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
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.