Steve Albin's (tnhome) Blog

Bank of America seizing wrong house, owner did not have a mortgage with Bank of America, according to the article.....The property sustained water damage, potential mold contamination arising from the standing freezer residue, water, heat and high humidity conditions during the time the electrica...

Just when I thought I'd heard every creative way of flogging off property when the chips are down - along comes a new one to prove me wrong - an entrepreneurial developer in Beijing, China, has decided to lure buyers to his luxury Ecological Bay project with the offer of a wedding to one of their...

Mortgage giant Fannie Mae is unhappy about the mounting thousands of REO houses it's stuck with, but now it's moving to sell off that inventory faster than it has in the past, potentially opening up some interesting opportunities for home buyers and their agents. http://realtytimes.com/rtpages/20...

The US Department of Housing and Urban Development (HUD) removed the 1% origination fee cap on loans insured by the Federal Housing Agency (FHA), according a mortgagee letter sent out this week. http://www.housingwire.com/2009/12/31/hud-eliminates-1-cap-on-fha-mortgages/

The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in November. No administrative hearings are scheduled. The FDIC processed a total of 51 matters in November. These included 34 cease and desis...

After a remarkable recovery in housing, even the perma-bulls are throwing cold water on the outlook for the next six months.  Why? Because much of the recovery has been driven by two factors, both of which are likely coming to an end: The expiration of the tax credit, which was extended to April ...

The Wall Street firm is itself walking away from five San Francisco office buildings it purchased as part of a landmark $2.43 billion deal near the height of the real estate boom. But don't call it a foreclosure or a default -- not when this kind of money is involved. A spokeswoman interviewed by...

Listen up, Realtors - I've got a tip for you. Forget curb appeal or the new bathroom or the hot tub on the deck. Think food instead. Plug the greenhouse or garden. Suggest carving out a vegetable patch where there is lawn. Mention the town's weekly farmers' market. When showing a house, drop name...

"My fiancée and I called to make an appointment to see it, and the broker, deadpan, goes, 'I have two questions: Are you offended by the smell of marijuana? And do you mind coming late in the afternoon? It's currently rented by Lil Wayne, and these are not morning people." Read more: http://www.n...

Jobs jobs jobs. Without one, you simply can't pay your mortgage. And that's exactly what the Mortgage Bankers Association said in its Quarterly Delinquency Survey today: "Job losses continue to increase and drive up delinquencies and foreclosures because mortgages are paid with paychecks, not per...