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Providing Cutting Edge Data and Information on the Evolving Real Estate Market With Occasional Commentary
RECENT BLOG POSTS
Concerns have begun to mount that underwriting standards for loans in newly issued commercial mortgage-backed securities (CMBS) are on the decline. Addressing this issue, the analysts at Fitch Ratings say they believe there is quite a way to go before standards approach levels seen in 2007, a yea...
07/27/2011
Consumer confidence among Floridians rose two points in July to 68. Of the five components that make up the index, three increased, one decreased and one remained unchanged. Perceptions of personal finances now compared to a year ago increased from 54 in June to 57 in July, while expectations of ...
07/27/2011
The Federal Housing Finance Agency(FHFA) reported July 27th, 2011 that the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders, used as an index in some ARM contracts, was 4.62 percent based on loans closed in June.This is a decrease of 0.12 p...
07/27/2011
Putting struggling borrowers into mortgages with more manageable monthly payments via a loan modification is a key element of the industry's effort to cut the nation's foreclosure crisis short. A recent study by the Office of the Comptroller of the Currency (OCC) and the Office of Thrift Supervis...
07/13/2011
Emerging Trends in Real Estate is a trends and forecast publication now in its 32nd edition, and is one of the most highly regarded and widely read forecast reports in the real estate industry .Emerging Trends in Real Estate® 2011, undertaken jointly by the Urban Land Institute and PwC, provides ...
07/13/2011
Congressman Bill Posey (R-Florida) introduced a bill which would allow lenders to classify modified loans as accruing rather than non-accruing. The House Financial Services Committee’s Subcommittee on Financial Institutions and Consumer Credit held a hearing July 7th, 2011 to review the bill.  Th...
07/11/2011
WEEKLY MORTGAGE FORECLOSURE FILINGS REPORT (LEE COUNTY CIRCUIT) FILED BETWEEN 07/05/11 AND 07/08/11 07/05/11 Tuesday       27 07/06/11 Wednesday  18 07/07/11 Thursday     14 07/08/11 Friday          18 Weekly Total              77   BREAKDOWN: Commercial                   8 Homestead            ...
07/11/2011
  As of July 6, 2011, the FDIC has authorized suits in connection with 28 failed institutions against 248 individuals for D&O liability with damage claims of at least $6.8 billion. This includes 7 filed D&O lawsuits (1 of which has settled) naming 52 former directors and officers. The FDIC also ...
07/06/2011
EHLP is designed to provide mortgage payment relief to eligible homeowners experiencing a decrease in income of at least 15% directly resulting from involuntary unemployment or underemployment due to adverse economic conditions and/or a medical emergency. Other EHLP eligibility requirements inclu...
07/06/2011
  In its first year, the Financial Fraud Enforcement Task Force (FFETF) more than doubled the number of defendants charged with mortgage fraud.  FFETF is acclaimed as the largest coalition ever convened to confront fraud in the financial sector. It’s comprised of more than 25 federal agencies, re...
07/06/2011