• 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.

  • Obstacles Remain for the Housing Recovery by

    Considering how quickly the housing market has paced a recovery over the past three quarters, it would be tempting to assume that the rebound is so strong as to not face likely economic opposition. Property values have risen in tandem with new home sales, and America’s property sector has become so appealing that it is even attracting aggressive foreign investment. Homebuilder earnings have also jumped drastically, suggesting that positive gains in the housing market are having ripples across other sectors, especially corporate profits. In fact, much of the gains in the housing market seem to have emerged in the wake of dissipating anxieties, as consumer confidence has largely sustained positive housing sector behavior through the first months of 2013.


Is TILA-RESPA a good or bad thing long term?