Sen. Warren sounds the alarm on irresponsible housing reform We were encouraged by what we heard from Senators Elizabeth Warren, Bernie Sanders, Sherrod Brown, Cory Booker, and others on Capitol Hill. We gave Senator Warren feedback on her American Housing and Affordability Act, which she has introduced in the Senate. This bill is an important first step, but we need Congress to go further.
Short Sales Cost Lenders $310m More Than Necessary, CoreLogic study finds home-price drops said to reflect overcorrection – "You pay 11 cents on the dollar in mortgage costs. a willing buyer and the necessary comparable sales, but the appraisal came in $10,000 short, killing the deal. The home was appraised at $194,000,
Lenders Out $310M from ‘Preventable’ Short Sale Losses: CoreLogic August 10, 2010 The number of short sales has more than tripled since 2008, with the estimated annual volume now at 400,000.
CoreLogic 2011 Short Sale Research Study Highlights. Following are key findings from the study: It is estimated that lenders, servicers and investors may incur potential losses in excess of $375 million in 2011 due to suspicious short sale transactions. This is up more than 20 percent from $310 million in estimated losses for 2010.
Look down, N.J., the land you live on is the most valuable in America, study finds. New Jersey’s land is worth more per acre than any other state, according to a report, and the state’s overall land value ranks among the top in the nation.
Double Take: JPMorgan Quietly Raising $6 Billion Dish could save T-Mobile-Sprint merger with reported $6B deal. – A potential $6 billion deal with Dish Network could pave the way for approval of the T-mobile-sprint merger. bloomberg reported that Dish is nearing an agreement to pay T-Mobile and Sprint at.
Erik Weichelt, president of the San Diego Association of Realtors, said low rates, still-low prices and quicker action on short sales – selling for less than the outstanding mortgage balance.
Home affordability drops in second quarter As a result of the price increase, from $204,810 in the first quarter to $230,937 in the second quarter, a typical FTHB’s annual payment as percentage of income rose from 35.2 percent to 39.1.
A Low Cost Methodology for Correcting the Distressed Sales Bias . in a Downward Spiraling Housing Market . Craig A. Depken, II . Department of Economics .. REO sales and CoreLogic to infer short sales or properties in default. 2.
performance awards, equity or equity-related awards, fringe benefits, or other material employee benefits, whether written or oral. ” Bills of Sale, Assignment, and Assumption Agreements ” has the.
Treasury doesn’t want former Fannie CFO in GSE investor lawsuit What the Janet Yellen pick means for the mortgage market FHASecure — Will the Real Numbers Please Stand Up? Old Republic MI subsidiary aims to write new business again He aims to have 50,000 new students using the software in 2010 and is shooting for 100,000 the following year. There’s room for skepticism about Davidson’s business model. One is Alexa Montoya, a.AIG Has Financials Staring into the Abyss Clear Capital: home prices drop 5% in three months · Discussions of the dramatic drop in equities and yields in Q4 18, often do not include the collapse in oil prices from around $75 WTI and $85 Brent in late September/early October to $43 and $50 respectively by the end of 2018. Both have rallied more than 35% off the lows.. The composite rose in only three months last year. If it did rise in.The return of prison farms and tattoos: Why this new watchdog won’t slam the door on Canada’s inmates – He has taken some controversial positions. who was inserted as director of policy and senior counsel under Sapers in 2005. “We were staring into the abyss.” Sapers wanted to create a positive image.Former Federal Reserve chairwoman janet yellen says the central bank should make public its blueprint for fighting the next downturn so that investors.Blackstone 3Q earnings miss analyst expectations Fitch Downgrades National City, Wamu, Others on Home Equity Concerns S&P Downgrades WaMu – TheStreet – WaMu and other big mortgage players have been hard hit in the slumping housing market and credit crunch.. National City ( NCC) and a host of other banks, feverishly ramped up reserves for loan.Nike earnings beat, but stock tanks as gross margins miss. – Nike’s fiscal first-quarter earnings and revenue topped analysts’ expectations as the company’s efforts to sell more products directly to consumers paid off.; But gross margin, which reflects the.Home price dip leads JPMorgan to downgrade market The latest is JPMorgan Chase’s downgrade of Ellie Mae after earning. Friday starts with the 10-year yielding 3.09% and agency mbs prices are better by .125. Lender products, services, and.Friends of the Court’ Have Hidden Ties to Big Investors.. a former fannie mae cfo, He doesn’t mention that he had been previously paid for consulting work by Berkowitz’s firm.
Despite "record" second quarter, zillow posts .48 million loss LTV Corp., a Dallas-based conglomerate and the nation’s second-largest steelmaker, lost a record $378.2 million in 1984-more than double its loss in 1983-primarily because of the continuing slump in its key steel and energy-equipment markets, company officials said Friday.
Short Sale Negotiations|Seller Cash Contribution Negotiation With Short Sale Lenders In working in the short sale arena for the last five plus years, I have seen lenders do just about everything when it comes to negotiating short sales with home owners.