Distressed Real Estate and Debt: News, Views and Reviews of our New Housing Economy

Municipal Fines a Growing Cost and Concern for Distress Investors

Municipal Fines a Growing Cost and Concern for Distress Investors

Sep 7, 2011

As I negotiate $1 million in fines levied against three assets that were part of a larger bulk purchase a few months back, today’s story in National Mortgage News comes as no great suprise: As if there were not enough considerations for investors sizing up the many distressed mortgage asset-backed securities still out there, it looks now like they should...

Reduction in Loan Limits; Foreclosure Moratoriums Back; Repurchase Requests Down

Reduction in Loan Limits; Foreclosure Moratoriums Back; Repurchase Requests Down

Jun 5, 2011

Anyone lending in “higher loan amount areas” should read the latest from HUD on the probable/possible changes that will take place on October 1. “Barring Congressional action, Federal Housing Administration (FHA) loan limits will revert back to loan limits determined under the Housing and Economic Recovery Act (HERA) for loans insured by FHA on...

Homebuyer Beware: Title Insurance Companies Nix Creditors’ Rights Coverage

Homebuyer Beware: Title Insurance Companies Nix Creditors’ Rights Coverage

Mar 7, 2010

POSTED BY OLIVER WRIGHT Recently, various national title insurance companies, such as First American Title Insurance Company and the entire Fidelity National Title Group–which includes Chicago Title Insurance Company, Fidelity National Title, Ticor Title, Lawyers Title, Commonwealth Land Title, Security Union Title and Alamo Title–officially...