Residential SFR REO to Rental and Scattered Site Property Management Strategies, Topical News and Analysis for the 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...
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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
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...
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Feb 7, 2010
posted by Oliver Wright Esq. When financially frail firms can’t pay creditors, they fail. The market drives the process like this: First, the firm starts losing. Second, creditors discover the losses and increase their estimate of the firm’s probability of default. Third, to reward themselves for this increased risk, creditors demand higher interest...
Posted by Oliver Wright Esq. Can corporate and investment banking anchor big banks’ bottom lines — again? With loan defaults surging, Bank of America Corp., Citigroup Inc. and JPMorgan Chase & Co. relied heavily on revenue from fixed-income and equity trading to offset credit-related losses in 2009. But there is growing concern that such sources of...
Posted By Oliver Wright, Esq. TREO Capital Group, Inc., a real estate firm that aims to help buyers capitalize on opportunities in the residential foreclosure market, monitors and purchases distressed-priced residential real estate at auctions in Los Angeles County. TREO principals have already purchased over 30 homes for prospective...
By Oliver Wright Esq. The bankruptcy court overseeing the liquidation of mortgage lender Taylor Bean & Whitaker has approved a stalking-horse bid on the nonbank’s real estate-owned portfolio which includes almost 2,000 properties. The portfolio has been appraised at $330 million. A stalking-horse bid is a strategy whereby a bankrupt company...
Nov 30, 2009
By Oliver Wright Esq. As corporate loans reach maturity, companies have been refinancing them by issuing bonds (some $60 billion of high yield issuance has been used to pay down loans this year). With demand for fixed income continuing to surprise on the upside, new bond issuance has been quite strong. However some weaker, more leveraged, or less known names,...
