Distressed Real Estate and Debt: News, Views and Reviews of our New Housing Economy
Like it’s homely siblings, Fannie Mae and Freddie Mac, Ginnie Mae is central to our housing economy. It facilitates affordable housing a reality for millions of low-and...
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Like it’s homely siblings, Fannie Mae and Freddie Mac, Ginnie Mae is central to our housing economy. It facilitates affordable housing a reality for millions of low-and...
Read More
Like it’s homely siblings, Fannie Mae and Freddie Mac, Ginnie Mae is central to our housing economy. It facilitates affordable housing a reality for millions of low-and...
Read More
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...
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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...
Apr 27, 2010
POSTED BY OLIVER WRIGHT ESQ. The ‘shadow inventory’ of homes includes all delinquent loans and real-estate owned (REO) property that has not reached the market. REO property are foreclosed homes taken back by the bank for liquidation. As for the total amount of homes in the shadow inventory, Amherst Securities places the total at 7m. The Royal Bank...
