housing: 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)
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housing: 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)
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housing: 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)
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housing: 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)
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housing: 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)
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housing: Las Vegas real estate numbers show small improvements in September - 10/10/09 06:36 PM
Southern Nevada - accommodating communities like Anthem, Summerlin, Henderson, Mountains Edge, North Las Vegas, Southern Highlands and Pahrump - resale housing segment took a cautious step forward in September, after going the other way in August. A curious trend might be developing, actually so predicted by some industry experts, where the … (6 comments)
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housing: Las Vegas claims top spot in an upbeat housing study - 10/01/09 01:31 PM
Southern Nevada - including Henderson, Summerlin, Southern Highlands, Green Valley, Mountains Edge, Anthem and North Las Vegas - has graced the pages of many publications in recent years regarding the improbable real estate meltdown and subsequent mortgage foreclosure rampage here. It usually ended up topping many of the national statistics that … (8 comments)
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housing: 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)
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housing: 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)
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housing: International real estate buyers shying away from U.S. - 09/17/09 10:09 PM
When mortgage financing was still widely available here a few years ago and housing prices kept on racking up steady gains year after year, the foreign purchaser often thought he'd found the ultimate in property ownership. Heck, many Americans thought so, too. Then things on Wall Street and in Washington got … (10 comments)
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housing: FHA market share increases, but cash reserves shrink - 09/06/09 04:07 PM
FHA is a mortgage loan insurer that has stepped into the rather sizable vacuum the recent housing finance market collapse created. Inside Mortgage Finance reports that its market share has jumped from a paltry 3% in 2006 to a strong 23% in the second quarter of 2009. It has become very … (12 comments)
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housing: Mortgage securities purchasing by the Fed under discussion - 09/04/09 06:53 PM
The Federal Reserve has become the bedrock of the mortgage market, whether it likes it or not. It's buying just about all of the Fannie Mae and Freddie Mac paper, the conforming kind, to provide badly needed liquidity in the secondary market. Private investors are almost non-existent over there; for lack … (8 comments)
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housing: 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)
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housing: Las Vegas real estate among most affordable again - 08/27/09 01:12 PM
Southern Nevada - like Green Valley, Summerlin, Henderson, Spring Valley and Eldorado - was rapidly pricing itself out of the housing market a few years ago. The recent unforgettable boom pushed home values way past the average household income, forcing many to buy property with flexible mortgages that they really couldn't … (12 comments)
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housing: Mortgage securities gaining acceptance again? - 08/17/09 07:50 PM
Mortgage-backed securities were some of the most-sought-after paper on Wall Street not so long ago, when the residential real estate market was still cruising along smoothly. The yields were solid and risk was seemingly minimal. Everybody and his nephew wanted at least some of them in their portfolios.
Then the mortgage … (36 comments)
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housing: First-time home buyer tax credit usage monitored by IRS - 08/14/09 07:49 PM
The real estate market has been pumped up nicely with the up to $8,000 first-time buyer tax credit, Las Vegas definitely being one of the beneficiaries. Many renters go for it here and acquire good homes that have become very affordable during the prolonged housing and mortgage slump. The program runs … (6 comments)
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housing: Las Vegas resale real estate numbers remain steady in July - 08/11/09 01:21 PM
The housing market in Southern Nevada had several strong months late in the spring and going into the summer, largely because of low mortgage rates and increasingly affordable prices. Those two conditions have that something extra to attract buyers, in this day and age mostly first-timers and investors, to make a … (6 comments)
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housing: National Clean Energy Summit 2.0 to be held in Las Vegas - 07/30/09 11:31 PM
Center for American Progress Action Fund, U.S. Senate Majority Leader Harry Reid, D-NV, and University of Nevada, Las Vegas are the hosts for this one-day gathering here in Southern Nevada. It's set for Monday, August 10, 2009, starting at 10:00 AM at UNLV's Cox Pavilion. Click here for more info.
National … (2 comments)
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housing: Freddie Mac launches sales promotion of homes it owns - 07/27/09 07:07 PM
HomeSteps, the real estate sales arm of Freddie Mac, just introduced a new program in an attempt to thin its inventory of agency-owned homes, in other words homes it has foreclosed on. In this demanding housing environment it predictably has quite a few of them available for purchase and has decided … (4 comments)
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housing: Homebuyer tax credit may be expanded - 07/24/09 11:43 PM
Las Vegas housing market alone would be a big beneficiary if it did happen. Southern Nevada has already seen solid gains this year in sales thanks in large part to the first-time buyer tax credit of $8,000. This incentive is set to come to an end December 1.
NAR, or National … (6 comments)
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