home loan: Mortgage lender "walkaways" the latest scheme - Las Vegas mortgage borrowers take note - 11/12/09 10:59 PM
The real estate meltdown that continues to churn on has already seen some vein-popping scenarios concocted by many mortgage banks seeking to take advantage of homeowners facing foreclosure. And new ones keep surfacing. One of the latest creations could be called a home loan provider "walkaway", because that's what it really … (6 comments)
|
home loan: Southern Highlands - Las Vegas NV - mortgage recipients have new foreclosure defense weapon - 11/07/09 10:25 PM
Southern Nevada - with communities of Henderson, Anthem, Summerlin, Green Valley, Silverado Ranch and Mountains Edge - is in the very eye of the tornado when it comes to real estate markets sucked into its furious spin. Home loan foreclosures here are now as commonly talked about as the weather. Many … (4 comments)
|
home loan: Home loan modifications turn creative - Las Vegas mortgage borrowers could benefit - 11/05/09 08:22 PM
Mortgage lenders and servicers have generally been going at a snail's pace, or slower, in modifying homeowners' loans. Many applications to do so have been actually declined for a variety of reasons. Some borrowers have just plain given up on the process due to all the hoops they have to jump … (10 comments)
|
home loan: Las Vegas mortgage defaults increasingly strategic - mortgage walkaways rise among wealthy - 11/03/09 05:12 PM
The real estate market has been cruel, to be perfectly honest, to homeowners across the country. Housing values in many cities and regions have dropped so far and fast that it's sometimes hard to keep track of it all. Much less understand how the utter devastation is possible. But that is … (8 comments)
|
home loan: Using your mortgage and real estate blog to enhance existing relationships - a response to Bob's challenge - 10/30/09 06:09 PM
When I launched a monthly Las Vegas email mortgage and housing newsletter a few years ago the main challenge was to produce articles with solid content for my past customers and those who had signed up for it. The plan was to have four articles in each issue. To write in … (4 comments)
|
home loan: Subprime home loans are back - Las Vegas mortgage borrowers go FHA - 10/29/09 06:23 PM
Mortgage loans that were labeled subprime just a few years ago were partly responsible for the notorious real estate bubble. When it burst and let all the air out, the subprime product quickly disappeared from the bloodied scene. Many housing observers warmed up their fingers over keyboards and wrote all these … (10 comments)
|
home loan: Las Vegas real estate values rise thanks to Washington - 10/26/09 07:00 PM
Housing prices have been in a free fall in most sectors of the nation for a long while, much longer than any real estate expert had predicted. When mortgage financing is hard to come by and supply far outpaces demand that's usually what will follow. The weak economy is also a major … (6 comments)
|
home loan: Mortgage foreclosure will affect credit score, but how much? - 10/22/09 10:19 PM
The home loan and real estate markets we are currently slogging through are unprecedented in their severity. The last time something similar happened was so long ago that few are still here to remember it. As a result millions of people are unable to make their home loan payments and subsequently … (14 comments)
|
home loan: Mortgage securities rating agency Moody's and the whole system under fire - 10/19/09 09:26 PM
Mortgage-backed securities, or MBS, played a pivotal part in the recent galloping real estate market and in its eventual and memorable collapse. These bonds get rated based on risk before they are offered for sale so that potential investors - pension funds, university endowments, international investors, among others - know what … (4 comments)
|
home loan: Las Vegas short sales can sting homeowners later on - 10/15/09 04:02 PM
Mortgage banks have been pushed between the rock and the hard place in today's reeling real estate market. They are trying to make the right moves to keep their bleeding books from totally blowing up during this perfect storm as more and more home loans go bad. To deal with that, … (8 comments)
|
home loan: MBA, NAR and NAHB push hard for tax credit expansion, yes expansion - 10/13/09 04:56 PM
Affordable mortgage money and in many areas really mouth-watering prices are helping the real estate market out, but it needs much more than that in this frustrating economic environment. The famous up to $8,000 tax credit, it is due to expire at the end of November, for first-time home buyers did … (9 comments)
|
home loan: Mortgage lenders now more inclined to lower principal - 10/03/09 06:47 PM
The home loan industry has been steadily resisting giving homeowners any principal reduction breaks throughout this real estate inferno.The government has been all over it to do mortgage modifications at a reasonable clip in an effort to keep the foreclosure epidemic from getting out of control. The banks have been slow … (62 comments)
|
home loan: Fannie Mae tightens mortgage requirements a notch - 09/28/09 06:07 PM
The key home loan financier operating on the secondary mortgage market has seen much better days with its immense portfolio. Just like most other lending institutions it, too, has been slowly bleeding as foreclosures keep shaking its once solid foundation. So much so that Washington had to bail it out a … (8 comments)
|
home loan: Mortgage securitization becoming more transparent - 09/26/09 04:38 PM
The U.S. housing industry is very dependent on how the secondary mortgage market is doing. That's where a large share of mortgage-backed bonds generated here are traded. In the recent past the private investor class purchased about 60% of the home loan paper for sale, the rest mostly being gobbled up … (2 comments)
|
home loan: Fed to continue buying mortgage securities into 2010 - 09/24/09 01:37 PM
The secondary mortgage market is the life blood of the massive housing industry. If it catches any kind of ailment, the consequences can be rather dire. A serious virus invaded it not so long ago - it can also be called the great escape of the private investor - and threatened … (2 comments)
|
home loan: Las Vegas real estate prices slow to recover? - 09/21/09 07:11 PM
Moody's Economy.com analyst believes housing values will take a long while to regain the levels they reached around 2006, the peak year of this recent ultra expansion. Prices went up at a rather steep curve and then hit the breaks and plunged at a breath-taking velocity. With that a lot of … (8 comments)
|
home loan: Fannie Mae accelerates mortgage buying process - 09/12/09 06:33 PM
The mortgage industry could use some good news for a change and it's getting a little bit of it from Fannie Mae, the GSE, or government-sponsored enterprise, which buys mortgage-backed securities on the secondary market. Its actions bring crucial liquidity to the vast home loan sector. Life hasn't been easy for … (18 comments)
|
home loan: FICO update a tad more tolerant - 09/08/09 04:32 PM
Mortgage applicants are quite familiar with FICO, the much-used scoring model that has a lot to say about the type of a home loan and interest rate they could qualify for. Besides being widely employed in most consumer credit requests, it's nowadays also checked in many other situations, like in insurance … (9 comments)
|
home loan: Housing may not pull the economy out of the fire this time - 09/01/09 04:05 PM
Residential real estate plays a large role in U.S. economy. Recessions are an inevitable experience in a market economy like ours. They come and go. Historically housing has been the engine that has usually generated the necessary momentum to pull the country back onto a path of solid growth. This time, … (6 comments)
|
home loan: Southern Nevada mortgage challenge in the making - 08/30/09 06:11 PM
Las Vegas real estate market has undoubtedly seen better days. Anyone who knows something about the timely topic is well aware of that. Now there is an altogether new, bizarre twist to the notion.
National Association of Home Builders, or NAHB, convention comes to Southern Nevada every January to showcase the … (4 comments)
|
;)
;)
