Entrepreneurs and egos
From BradInman.com read more
March 11, 2010
It's OK to be optimistic
Perspective: Real estate's March report card read more
March 11, 2010
NAR: Don't rein in FHA
Realtors group opposes hike in minimum downpayments read more
March 11, 2010
Telemarketing hang-ups
Realtor Notebook read more
March 11, 2010
REAL ESTATE NEWS: March 11, 2010
Inman News Headlines: P.M. EDITION read more
March 11, 2010
FHA Commissioner: Raising the Down Payment Requirement Would Hurt Housing Recovery
Posted To: MND NewsWire Increasing the minimum down payment required for a Federal Housing Administration (FHA) loan from 3.5 percent to 5 percent could be a double whammy, affecting both potential homebuyers and the economy as a whole according to David H. Stevens, FHA Commissioner. At the same time, a lower loan to value ratio (LTV) by itself is not a particularly good indicator of buyer risk. In a statement prepared for a hearing Thursday afternoon by the House Financial Services Subcommittee on Housing and Community Opportunity, the Commissioner said if the agency raised the minimum down payment to 5 percent "as some have suggested," it would adversely impact the housing market recovery. The agency has conducted an evaluation of the loan files of a large sample of recent loans to identify homeowners...( read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it.
March 11, 2010
MBS AFTERNOON: Volatility Fades As Bonds Cling To The Edge
Posted To: MBS Commentary The Edge: Both MBS 4.5's and 10yr notes are UNCHANGED at the moment For MBS, that's 100-30 and for the 10yr, that's just under 3.73 Verdict on this auction cycle: undecided... waiting for retail sales tomorrow and FOMC next week The snake continues to coil, but who will it strike? When we reference the snake, that would be a chart with with converging/competing trends in a "triangle" shape. Since the line on such charts is usually predisposed to move directionally after it breaks out of the triangle. In this sense, it's like a "coiling snake" preparing to strike out in one direction or the other. As we are still in the middle of this triangle, there's no clear indication of which direction rates want to move of their own accord. With retail sales coming...( read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it.
March 11, 2010
MBS CLOSE: On The Brink Of Something Epic?
Posted To: MBS Commentary MBS end 1 tick down at 100-29 10yr Note Yield at 3.725 S&P up 5 points, all gains late in the day 30yr Auction pressures rates early and helps out late This one's a good read, and a tangible concept to share with clients and business partners Something Epic? Let's not get too carried away... After all, we've been here plenty of times before only for the much anticipated turning point to send markets sideways--merely prolonging the "waiting for guidance." But where exactly is "here?" And why is it more epic than every other day that bonds end the day "honing in" (trading in a narrowing orbit AROUND a certain price) on key technical levels? Fortunately, the 2 day chart contains a good example of something we see fairly often, which is prices or yields...( read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it.
March 11, 2010
Fortis Sues Lender Kennedy in Debt Case
Kennedy Funding, a New Jersey lender to cash-strapped real-estate developers, has plenty of experience going after debtors who fall behind on their payments. But now it's Kennedy's turn to get squeezed.
March 11, 2010
Fortis Sues Lender Kennedy in Debt Case
Kennedy Funding, a New Jersey lender to cash-strapped real-estate developers, has plenty of experience going after debtors who fall behind on their payments. But now it's Kennedy's turn to get squeezed.
March 11, 2010
Foreclosure Filings Drop. Prevention Policies Distorting Supply and Demand
Posted To: MND NewsWire Today RealtyTrac® released its February U.S. Foreclosure Market Report. The RealtyTrac report shows that foreclosure filings, which include default notices, scheduled auctions, and bank repossessions declined 2 percent from January. A total of 308,524 properties in the United States received one of the listed notices during the month. This equates to 1 house in every 418 units. Compare that to January's ratio of 1 in every 409. That works out to a 10% month over month improvement. However, when comparing data from one year ago (Feb 2009), the ratio is still 6% worse. James J. Saccacio, chief executive officer of RealtyTrac says, "The 6 percent year-over-year increase we saw in February was the smallest annual increase we've seen since January 2006 , when we began calculating...( read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it.
March 11, 2010
Mortgage Rates Escape Three Treasury Auctions Unharmed
Posted To: Mortgage Rate Watch After two dataless days and no movement in mortgage rates, action picked up yesterday. Mortgage rates opened the day lower, however, thanks to big turnout at the 10 year Treasury note auction, enchmark yields rallied and mortgage-backed security prices moved higher into the close. We sat and waited for lenders to reprice, disappointingly they never did. This isn't a surprise though, lenders are quick to take away rate sheet pricing when MBS prices are falling but really slow to pass along improvements when MBS prices are on the rise. We had a couple of scheduled economic reports that were released early enough to sway the direction of mortgage rates today. First we got Weekly Jobless Claims from the Department of Labor. This report provides three measures on the health of the labor market...( read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it.
March 11, 2010
European REIT Rollout at Hand
With European property markets beginning to recover from the market downturn and global recession, there are signs that the REIT revolution could be at hand.
March 10, 2010
General Growth Debt Bet Pays Off
A handful of investors dug to the bottom of the discount bin and snapped up General Growth's convertible bonds at three cents on the dollar. They now trade at 103 cents.
March 10, 2010
Helmsley Estate Sells Manhattan Hotel
The Helmsley Carlton House is being sold to a partnership between private-equity firm Angelo, Gordon & Co. and Extell Development for about $170 million.
March 10, 2010
European REIT Rollout at Hand
With European property markets beginning to recover from the market downturn and global recession, there are signs that the REIT revolution could be at hand.
March 10, 2010
General Growth Debt Bet Pays Off
A handful of investors dug to the bottom of the discount bin and snapped up General Growth's convertible bonds at three cents on the dollar. They now trade at 103 cents.
March 10, 2010
Helmsley Estate Sells Manhattan Hotel
The Helmsley Carlton House is being sold to a partnership between private-equity firm Angelo, Gordon & Co. and Extell Development for about $170 million.
March 10, 2010
Marriott Expands in Europe
Forty thousand more hotel rooms on the Continent would have Marriott brand names in the next few years under the company's plan.
March 09, 2010
Marriott Expands in Europe
Forty thousand more hotel rooms on the Continent would have Marriott brand names in the next few years under the company's plan.
March 09, 2010
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