So Predatory Lending might be a problem? - 03/28/07 06:11 PM
So as I glance through the headlines today, I notice this one;
Top FDIC official calls for national anti-predatory-lending standardFed, OTS say regulations, market forces are working
This was posted on the Inman News site. Now, after reading this article, all I can say is...........it's about time. Now FDIC chairman Sheila Bair is telling congress that if predatory lending is to be curbed, it may have to start with the lenders. Wow, what an inspiration.
However the article goes on to say"....Officials with the Federal Reserve, Office of Thrift Supervision and Office of the Comptroller of the Currency did not join Bair's Federal Deposit … (0 comments)

Excel Energy makes real estate.....errrr....... bird watching easy - 03/22/07 04:12 PM
After many real estate related topics, articles and deals; after updating an Ethics course and ......and after numerous ideas for a new post on this blog, I've finally settled on posting about the topic I enjoyed looking at the most over the past week, and it is not at all real estate related.
Excel Energy just made bird watching a bit easier. Excel has installed bird cams in various sites and made the images available on thier site.
Visit http://birdcam.xcelenergy.com/BirdCam.asp to view those sites. The Eagle Cam is my personal favorite. I'll get back to real estate later.
… (0 comments)

Licensure for Mortgage Brokers in Colorado could become a reality - 03/20/07 06:53 PM
Senate Bill 203, Mortgage Broker licensing, is making its way around the Colorado state Capital.  This bill, which carries a list of prohibited activities, licensing requirements for mortgage brokers and some education (wow, educate those who educate the consumers..............novel) remains a bit of a mystery to almost everyone, including me (and I just read it). Even the Colorado Mortgage Lenders Association(CMLA) doesn't have a position on the bill because it has been reworked so many times!
While on one hand it is good to require the licensing of mortgage professionals, I am unclear why bankers seem to be removed from the act? Again, leaving a large group … (2 comments)

Want to have a good year? Increase earnings $8.5M over 6 months - 03/12/07 07:28 PM
Vail Resorts Inc. is reporting net income for the first 6 months of the 2007 fiscal year are $17.2 Million; which is up from $8.7 Million just a year ago. VRI operates resorts in California, Nevada and Wyoming (I've never been to a resort in Wyoming, though I have been to Yellowstone National Park and LOVED it!) as well as Colorado resorts which include Vail, Beaver Creek and Breckenridge.
While this all sounds cheery and nice, my complaint is simple. Ticket prices continue to climb. $45 this year compared to the $40 I paid a year ago. I'm bitter. VRI has become a diverse company … (0 comments)

SubPrime Lender stops funding loans. - 03/09/07 11:27 AM
So way back in 2002 was the first time I started to get a sense that subprime lending might have some challenges ahead. First I had a client who was forced to go subprime, and then a report was written by a non-profit consumer advocacy group, the Center for Community Change, starting me on my path of "paying attention" to what was going on in the industry.
A CNNMoney.com article on that report is available online - http://money.cnn.com/2002/05/01/pf/banking/subprime/
The report and my client tumultuous transaction led me to believe that subprime lending might be helping to fuel some of the record real estate … (0 comments)

When does Green building equal $1 Billion dollars? - 03/05/07 04:27 PM
When it's in Vail, of course.  Today Vail Resorts announced plans to build what they call the largest Green resort village in North America.
Where will they find the land, you ask? Why, West Vail.......errrr......Ever Vail (as the new resort area will be dubbed) of course. Ever Vail will be 1 Million square feet, of which somewhere around 650,000 square feet will be residential, 100,000 square feet retail of office space (which should include restaurants) and a new parking grage and a new park (maybe you will need to park in the parking garage to get to the park!). Ever Vail will … (0 comments)

Freddie Mac takes first Secondary Market stand agains Subprime lending - 03/01/07 02:19 PM
This week Freddie Mac announced that it will no longer purchase common subprime mortgages, becoming the first major secondary market player to stop putting subprime into its portfolio. The announcement this week should be no surprise to those who follow Freddie's anti-predatory lending practices. Freddie has been at the forefront of this for some time.
Freddie Mac will still purchase subprime Adjustable Rate Mortgages (ARM's) and securities backed by these loans where the home buyers are qualified at the fully-indexed and fully-amortized rates. Freddie Mac, the secondary mortgage purchaser created by Congress in 1970, hopes that by limiting the purchase to only these types of … (0 comments)

 
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J. Markinson

Atlantic City, NJ

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