Archive for August, 2007
The Day the Subprime Died
If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Someone sent this to me from the Mortgage Grapevine:
The Day the Subprime Died
by Cedonullandvoid
A long, long time ago…I can still rememberHow that yield spread made me smile.And I knew if I had my chanceThose borrowers I could financeAnd I [...]
Could Secondary Mortgage Market Extend Morgage Misery?
We all know that the secondary market introduced a disincentive for mortgage lenders to do their due diligence in making loans. This led to a great deal of the bad paper that caused the housing bubble and now the foreclosure and credit mess. What we may not have thought about is that the secondary market is extending the [...]
20Aug2007 | Tom Royce | 1 comment | Continued
Blackstone Effect on Commercial Real Estate Sales
Commercial real estate is rising in the country partially because of a ripple being named the Blackstone Effect. When Blackstone purchased Equity Office Properties they immediately started selling off many of the properties. This put properties on the market that have not been out there for many years.
These properties are also being sold not [...]
Thank You Sponsors and Readers!
Sponsorship of The Real Estate Bloggers is what lets me continue to provide the content that you enjoy every week. Since this site is not used to promote any service that I personally offer, one of the way’s that I keep my growing boys fed is through the wonderful sponsorships by these fine companies.
So [...]
I’ll Take Manhattan - Real Estate That Is…
There is an interesting article in the New York Times today on why the Manhattan real estate market is still roaring while most of the rest of the country is slowing or moribund. The combination of increasing population, low inventory, and high incomes emanating from Wall Street have maintained the juggernaut that is Manhattan real [...]
19Aug2007 | Tom Royce | 1 comment | Continued
FlippingHomes.com - A Community For Real Estate Investors
When FlippingHomes.com approached me about doing a review of their site, I was curious. If you read the conventional wisdom in the market, flipping is dead and crazy to get into. But after spending some time on the site, with the crew over at FlippingHomes.com has done is create a vibrant and effective resource for those that are [...]
18Aug2007 | Tom Royce | 4 comments | Continued
Mortgage Crisis is an Overdue Housecleaning
Please go read this excellent article in the North Country Times on the current mortgage problems out there. Phil Strickland nails it.
Mostly it is an overdue housecleaning. Of the number of mortgages in default, one financial “seer” observed that if you look at it from the other end, you see that 98 percent of [...]
18Aug2007 | Tom Royce | 2 comments | Continued
Real Estate Is Local - Memphis Builder Sells 56 Lots in 1 Day
As we fret over the national news this past week, we need to remember the golden rule of real estate. All Real Estate Is Local. That is the lesson that is taught to us today by Halle Investment Co. of Memphis, TN. With the news everywhere of the impending crash of all things housing, David [...]
18Aug2007 | Tom Royce | 0 comments | Continued
President Of Impac Mortgage Pulls Money Out of Countrywide Bank
If a run on a bank was not so serious, this would be even more funny than it is. Bill Ashmore, president of Impac Mortgage which just barely survived going into bankruptcy and is essentially a holding company now, raced over to the Countrywide Bank offices to get his money out. He had a $500,000 [...]
17Aug2007 | Tom Royce | 1 comment | Continued
Senate Committee Takes Up FHA Reform
Looking to reform the FHA and open up more federal money for loan guarantees, Senate leaders are discussing the options this week. The goal according to reports from The Hill, an insiders website and magazine, is to lower the required down payment by borrowers to qualify for the FHA guarantee.
While this is a great [...]
I saw this earlier today and thought the exact same thing, Tom. The politicians have been pushing homeownership for ...
I just found your blog and it's filled with great information. One of my goals this year is to update ...
Thanks for the kind words. I promise you the first year we did not have this level of readership. It ...
The limit on jumbo's is either 417,000 OR it is 115% of the median house price, not to exceed 150% ...
I like your blog and I have read many of your articles. I agree that it is amazing the ...
Yes, there are some deals out there. While there are some deals out there, I'm an agent looking for ...
With mortgage rates poised to drop to 4.5 percent all we need now is some tax incentives to help home ...
I think the overall interest in refinancing was definately high recently. However the problem is that although the rates dropped, ...
I have had great success using craigslist. Renters need to be careful and make sure they check out their landlord ...
This is the start of where the market can begin to level out.
Home owners will start to be able to ...
