May 30, 2011

posted by Oliver Wright Esq. Though housing starts are slow just when they should be heating up seasonally, the foreclosure market is performing better than the market for all other homes, according to today’s DS Newws story on the RPX Housing Market Report. [pullquote]Investors believe they can purchase these properties at a significant discount to their...

May 29, 2011

Many of the securitizations done this year were collateralized by legacy mortgages. Due to the seasoned nature of these loans, there were often various deficiencies, prior to securitization, with respect to the completeness of key mortgage documents, some of which may impede a lender’s ability to foreclose on a property. In an environment where foreclosure is...

May 26, 2011

Though distressed deals pushed commercial real estate prices to new cycle lows and Moody’s agency property price index continues to scrape the bottom as high distressed transaction volume precludes recovery of overall market prices, trophy assets in major markets are hanging tough. According to commercial mortgage backed securities trading data released by...

May 19, 2011

Calculating a mortgage – Is it really important before taking out a mortgage loan by Robert Steven If you’re in the market for purchasing a new home, you must also be looking forward to taking out a home loan to finance your purchase. Before taking out a mortgage loan, it is imperative for the borrower to calculate a mortgage amount and check whether...

May 1, 2010

POSTED BY OLIVER WRIGHT ESQ. Numbers from ratings agency Standard & Poors spell out the cost of foreclosure to mortgage investors and banks. For subprime loans underwritten in 2006 it’s about 20% of the loan amounts outstanding. Here’s how they get that number: [pullquote]S&P figures 42% of the loans made that year to borrowers with bad credit...

Apr 28, 2010

POSTED BY OLIVER WRIGHT ESQ. A handful of the biggest banks jolted market watchers last quarter by clawing back some loss reserves. Reserving has been wrought with confusion and controversy since the start of the recession, as investors and regulators worried that the country’s top banks would go under without adequate capital to cover losses as the...