News

by admin on July 28, 2010

LPS Data Shows GSE Foreclosure Starts Are Accelerating
Fannie Mae and Freddie Mac are beginning to initiate foreclosures at a faster pace. According to a new study from Lender Processing Services (LPS), GSE foreclosure starts have been accelerating and are currently at all-time highs. From May to June, foreclosures initiated by Fannie [...]

{ 0 comments }

When Will We Start Rewarding Honesty Again?

by admin on July 23, 2010

When Will We Start Rewarding Honesty Again?
by Steve Harney on July 23, 2010 ·

I made a comment a few weeks ago that the only thing that will bring the housing market back is honesty. It was a simple statement; unplanned and unrehearsed. It sort of just fell out of my mouth. I [...]

{ 0 comments }

Seller, reduce: 5 signs you need to cut your asking price

by admin on July 23, 2010

Seller, reduce: 5 signs you need to cut your asking price
Seller, you may already know this sad reality, but Trulia.com recently announced that more than 30% of listed homes in 20 of the largest American cities have had at least one price cut. Cutting prices is never fun for the seller, but [...]

{ 0 comments }

Walk Away and Fannie Mae Will Chase You Down

July 20, 2010

Walk Away and Fannie Mae Will Chase You Down
by Steve Harney on July 16, 2010
in Walking Away

Share

Many lending institutions are beginning to take action against those who decide to walk away. Fannie Mae, according to an article in Housing Wire, announced:
Borrowers who are determined to have the ability [...]

Read the full article →

Long Term Real Estate Investors Are In For A Bonanza

July 8, 2010

Long Term Real Estate Investors Are In For A Bonanza
by The KCM Crew on July 8, 2010 · 
in For Buyers
More millionaires were created as a result of the Great Depression than at any time in the nation’s history. Noted rich-guy John D. Rockefeller has said, “The way to make money is [...]

Read the full article →

Hope is No Longer A Good Strategy

July 6, 2010

by Steve Harney on July 6, 2010 ·
There is no one that wants the housing market to recover more than I do. Over 50% of my investment portfolio is comprised of real estate. My job is to teach real estate professionals what is happening in the market and why it is [...]

Read the full article →

Update on FHA Seller Concessions

July 6, 2010

by CalculatedRisk on 7/06/2010 06:53:00 PM

Early this year, the FHA announced a proposal to reduce allowable seller concessions from 6% to 3%.
David H. Stevens, Assistant Secretary of Housing and FHA Commissioner, discussed the reasons for this proposal in May:
We are also proposing a third policy measure to reduce the maximum [...]

Read the full article →

June 27, 2010

Links for articals to Read
Fannie Mae to Charge Strategic Defaulters, for Everything
Fannie Mae (FNM: 0.3871 +1.87%) is sifting through borrower data to determine who is strategically defaulting and who is not after announcing more efforts this week to crack down on those who walk away from their homes. And if the GSE [...]

Read the full article →

How To Get A Successful Loan Modification (With Obama Update)

June 22, 2010

How To Get A Successful Loan Modification (With Obama Update)
January 22nd, 2009   By Peter G. Miller    Print   Follow us on Twitter
Is it possible to get a mortgage modification without being foreclosed or behind on your payments? For an increasing number of borrowers the answer is “yes” because recent changes in the mortgage industry now make [...]

Read the full article →

How high will Existing Home Months-of-Supply increase this summer?

June 22, 2010

How high will Existing Home Months-of-Supply increase this summer?

by CalculatedRisk on 6/22/2010 07:28:00 PM

Earlier I posted a graph showing the relationship of existing home months-of-supply to house prices. When months-of-supply is below 6 months, house prices are typically rising – and above 6 months-of-supply, house prices are usually falling (this [...]

Read the full article →

← Previous Entries