real estate: 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 … (2 comments)
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real estate: 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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real estate: 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 … (7 comments)
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real estate: 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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real estate: 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 … (8 comments)
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real estate: 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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real estate: 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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real estate: 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)
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real estate: 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)
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real estate: 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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real estate: 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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real estate: Las Vegas mortgage lenders to dissect MGM Mirage's CityCenter price rollbacks - 10/06/09 05:33 PM
The real estate market blowup hasn't spared any segments from its fury here in Southern Nevada - including Henderson, Anthem, Mountains Edge, Southern Highlands, Summerlin and North Las Vegas. Condominiums have been spanked as harshly as the single-family houses. Luxury high-rise condos on the Strip and elsewhere in the vast valley, thought … (6 comments)
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real estate: 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)
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real estate: 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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real estate: 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)
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real estate: 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)
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real estate: 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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real estate: 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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real estate: 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)
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real estate: Southern Nevada existing housing stats down a bit in August - 09/10/09 06:13 PM
Las Vegas valley - with communities of Green Valley, Summerlin, Henderson, North Las Vegas and Sunrise Manor - real estate market eased up some as the summer progressed, actually to no surprise. July was already somewhat weaker than the several previous months that had been increasingly strong. Mortgage rates remain very … (4 comments)
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