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Providing Cutting Edge Data and Information on the Evolving Real Estate Market With Occasional Commentary
RECENT BLOG POSTS
Freddie Mac sent a letter to investors regarding bulk sales of foreclosed homes. According to the letter to investors obtained by American Banker, Freddie Mac does not intend to offer discounts on bulk purchases on any of their 60,569 REO properties. The GSE offers investors the opportunity to pu...
09/19/2011
Tuesday, U.S. regulators are set to unveil a final rule that requires banks and some other large financial companies to write "living wills" that provide a road map for how they could be quickly liquidated if they run into trouble. The rule applies to banks with more than $50 billion in assets --...
09/11/2011
Summary of Commentary on Current Economic Conditionsby Federal Reserve DistrictSeptember 7, 2011  Real Estate and ConstructionResidential real estate activity remained weak overall, although a few Districts noted some slight improvements. Contacts in the Boston, Atlanta, Minneapolis, and Dallas ...
09/07/2011
The Federal Deposit Insurance Corporation (FDIC) announced the launch of a new program to encourage small investors and asset managers to partner with larger investors to participate in the FDIC's structured transaction sales for loans and other assets from failed banks. The Investor Match Progra...
09/07/2011
Real estate professionals and other observers in Southwest Florida, believe there has been a clear stabilization in pricing for 2011. Teaming up with Zillow.com, the real estate analysis site, Forbes calculated median sales prices by quarter for homes, condominiums and apartments at all price poi...
09/01/2011
The average mortgage loan in foreclosure has been delinquent for 599 days, according to Lender Processing Services (LPS). That's a record for the company's regular monthly study on mortgage performance trends. As of the end of July, LPS counted 2.2 million loans that were in foreclosure and nearl...
08/31/2011
The FDIC submitted a Notice of Intention to Appear and Object to the New York federal court yesterday. They are contesting the $8.5 billion settlement proposal put forth by Bank of America in June because it has not been provided enough information to evaluate the settlement. The settlement is in...
08/30/2011
HUD Extended the Application Period for Emergency Homeowners' Loan program(EHLP). The EHLP program provides assistance to borrowers at risk of losing their homes due to unemployment or underemployment. The new deadline for applications is September 15. Details on EHLP: The program is avalible to ...
08/30/2011
AOL Inc. has launched a new real estate search tool on AOL Real Estate that is powered by Move, Inc.   The AOL Real Estate search now delivers new tools that enable users to refine their search by multiple criteria including open houses, new listings, and price reductions. It also connects potent...
08/23/2011
The ratings agency DBRS made principal reductions the focus of a research note released August 23, 2011. The firm's analysts stressed that as a modification technique, debt forgiveness has long been regarded as controversial in the mortgage industry due to its moral hazard risk and the potential ...
08/23/2011
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Providing Cutting Edge Data and Information on the Evolving Real Estate Market With Occasional Commentary