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U.S. Can Rent Its Way Toward a Housing Recovery: Peter Orszag
Seeded on Wed Oct 5, 2011 3:58 PM EDT (Bloomberg.com)
After any financial collapse, housing plays a key role in the hard slog that typically follows: a weak housing market feeds into a weak economy, which then feeds back onto a weak housing market.
Real estate mogul Trump debuts Va. wine enterprise
Seeded on Wed Oct 5, 2011 3:37 PM EDT (Forbes)
Real estate mogul Donald Trump is marking the opening of his Virginia wine enterprise, which he purchased from former socialite Patricia Kluge and her husband after the bank foreclosed on their business. The reality-show figure is hosting a reception Tuesday at Trump Vineyar …
Mortgages at risk if flood program expires
Seeded on Fri Sep 23, 2011 1:10 PM EDT (Yahoo! News)
The federal program that insures homes against flood damage expires next Friday and is at risk of not being renewed, even as an early fall storm threatens to inundate much of the northeastern United States yet again. Industry executives say that if the National Flood Insuran …
U.S. may require more mortgage insurance
Seeded on Tue Sep 20, 2011 11:36 AM EDT (MarketWatch.com)
The regulator for Fannie Mae and Freddie Mac on Monday said the agency may force more borrowers to obtain private mortgage insurance as he also laid out further details about ideas he is considering to expand an Obama administration mortgage refinance program. At issue is th …
Lower Housing Prices Could Lead To Lower College Attendance: Study
Seeded on Mon Sep 19, 2011 5:18 PM EDT (The Huffington Post)
The housing bubble burst may puncture the dreams of many students hoping to attend college. As housing prices rose from the late 1990s through 2006, many parents used their new-found wealth to send their children to college, according to a recent study by Cornell University eco …
Goldman to stop controversial mortgage practices
Seeded on Thu Sep 1, 2011 3:24 PM EDT (Google)
Goldman Sachs' mortgage subsidiary agreed Thursday to stop many of its controversial mortgage-related practices in a settlement with a New York state banking regulator. The New York's Department of Financial Services and Banking Department said the settlement was a condition …
Insurance lawsuits to follow Irene
Seeded on Wed Aug 31, 2011 1:18 PM EDT (Reuters)
The biggest fights will stem from arguments over property damage and whether it resulted from wind or water, legal experts said.
Hurricane Insurance Claims: All About Falling Trees
Seeded on Tue Aug 30, 2011 6:33 PM EDT (The New York Times)
Now that Hurricane Irene has passed, the thoughts of homeowners turn to filing claims for damage caused by the storm.
How to cope with losses from disasters
Seeded on Tue Aug 30, 2011 6:17 PM EDT (MarketWatch.com)
Some people say Hurricane Irene wasn’t as bad as feared. Others note that dozens of people have died and even now floodwaters are wreaking havoc with parts of the eastern U.S. affected by the storm. The damage could be more than $6 billion.
Realtors' Latest Challenge: A Surge of Squatters
Seeded on Wed Aug 24, 2011 3:46 PM EDT (AOL)
Monique Bryher, a Realtor with Pinnacle Estate Properties in Los Angeles' San Fernando Valley, has just about had it with squatters. In recent months she's encountered people living in four vacant bank-owned homes she's trying to sell.
Housing Starts Grew More Than Forecast
Seeded on Thu Jun 16, 2011 3:38 PM EDT (Bloomberg.com)
Housing starts in the U.S.
Mortgage applications see biggest gain in 3 months
Seeded on Wed Jun 15, 2011 11:33 AM EDT (Yahoo! News)
Applications for home mortgages saw their biggest jump in three months last week, fueled by demand for refinancing as interest rates continued to fall, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage applicat …
JPMorgan Ousts Mortgage Chief Lowman
Seeded on Tue Jun 14, 2011 1:57 PM EDT (Bloomberg.com)
JPMorgan Chase & Co. (JPM), the second- largest U.S.
Bank of America hindered foreclosure review: filing
Seeded on Tue Jun 14, 2011 1:36 PM EDT (Yahoo! News)
Bank of America Corp (BAC.N) unnecessarily burdened U.S.
Security-clearance jobs: Foreclosures put clearance jobs at risk
Seeded on Mon Jun 13, 2011 11:47 AM EDT (The Orlando Sentinel)
Foreclosure means more than losing a house and ruining a credit rating for a select group of Central Florida property owners who rely on federal security clearances for their livelihood. "Losing your security clearance is like losing your most marketable aspect for employment …
Former TBW execs get prison time for fraud
Seeded on Fri Jun 10, 2011 1:13 PM EDT (Yahoo! News)
Alexandria, Virginia (Reuters) – Two former senior Taylor, Bean & Whitaker Mortgage Corp executives were sentenced on Friday to several years in prison for their roles in a multi-billion dollar fraud that took down the big lender. The fraud ran more than seven years …
Fed's Yellen Says U.S. Housing Market Will Undergo a 'Drawn-out' Recovery
Seeded on Thu Jun 9, 2011 6:17 PM EDT (Bloomberg.com)
Federal Reserve Vice Chairman Janet Yellen said the housing market will undergo a “long, drawn-out recovery” and the Fed is working with other agencies to prevent foreclosures and clear the stock of vacant properties. “Looking forward, I unfortunately can envisi …
No Housing Recovery Until 2014, Survey Says
Seeded on Fri May 20, 2011 5:43 PM EDT (AOL)
With home prices threatening to double-dip nationwide, most consumers don't expect a housing recovery in the near term, according to a survey from property search and marketing site Trulia and foreclosure data site RealtyTrac.
Ron Gitter: Why We All Can't Get Along: Personal Freedom Takes a Hit
Seeded on Fri May 20, 2011 5:22 PM EDT (The Huffington Post)
Two recent developments beautifully illustrate that free will can be significantly limited when living in a co-op or condo.
Home sales, factory data show recovery weak
Seeded on Thu May 19, 2011 5:46 PM EDT (Yahoo! News)
Weak data on U.S.
Confidential Federal Audits Accuse Five Biggest Mortgage Firms Of Defrauding Taxpayers
Seeded on Wed May 18, 2011 11:50 AM EDT (The Huffington Post)
A set of confidential federal audits accuse the nation’s five largest mortgage companies of defrauding taxpayers in their handling of foreclosures on homes purchased with government-backed loans, four officials briefed on the findings told The Huffington Post. The five s …
Foreclosures Weigh on Homebuilders' Outlook
Seeded on Mon May 16, 2011 11:46 AM EDT (Wall Street Journal)
The National Association of Home Builders said Monday its housing market index was unchanged at 16 this month as expectations for single-family sales over the next six months fell, while traffic from potential buyers and current sales inched up.
Bank of America challenged over mortgage practices
Seeded on Fri May 13, 2011 11:49 AM EDT ()
Bank of America chief executive Brian Moynihan faced more complaints about his bank's handling of foreclosures at Wednesday's annual meeting, but shareholders rejected a proposal that called for an audit committee review of the mortgage business. The mortgage measure received …
SEC eyes charges against mortgage bond players: report
Seeded on Fri May 13, 2011 11:32 AM EDT (Reuters)
Settlement agreements being hammered out by securities regulators and securities firms accused of fraud in mortgage bond deals are likely to include civil charges against at least one person connected to each deal, the Wall Street Journal said, citing people familiar with th …
Mortgage Fraud Hits New High
Seeded on Thu May 12, 2011 12:21 PM EDT (AOL)
While homeowners suffer in a depressed housing market, one group is doing very well: mortgage fraudsters.
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Member Since: 11/2010Last Seen: 10/05/2011
With over 60 years combined experience, the founders, (Joseph Auzenne, Steven Edwards and Gary Lundholm in 2003), of the Real Estate Group in Hampton …
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