Real estate blog entries tagged with redlining

Blog entries tagged with "redlining":

redlining: Redlining Reversal - 05/27/08 08:35 PM

Great News!!
According to the May 26 Realty Times, Fannie May and Freddie Mac will be dropping their practice of 5% higher down payments in so called "declining" districts.
They will be going back to uniform minimums as of June 1st.
No matter where their property is located, all home … (25 comments)

redlining: Redlining (Steering) -- Common Practice? *UPDATED* - 04/08/08 07:18 AM

I have come across this practice more and more and find it quite disturbing...
Just as a refresher...REDLINING is the practice of openly discriminating against a particular area or neighborhood especially when considering the race or ethnicity of an area. And, if I am not mistaken, it is expressly against the Realtor(r) code … (19 comments)

redlining: Reverse Redlining! The Abuse of Minorities and No Outcry! - 03/29/08 07:59 PM

I was watching a financial home on CNN Money tonight where they brought up an interesting concept. Years ago in real estate there was a term called "redlining" which meant that some minority areas were marked off as a bad area to make loans, and that made it difficult if next … (24 comments)

redlining: Is declaring a declining market redlining? - 02/28/08 01:48 PM

Hello everyone,
This is my first attempt at blogging. So, please forgive any newby indiscretions. At any rate, I am an broker in Jacksonville, FL, and duval county was recently designated a declining market by FREDIMAC. I am curious as to whether any enterprising young lawyer has attempted to classify this as redlining, … (0 comments)

redlining: Are Lenders Redlining Entire Cities? - 02/19/08 10:40 PM

Redlining is a term that describes the unethical–if not illegal–practice where lenders “red line” a neighborhood or community, making it very difficult for buyers to purchase in these afflicted areas.
I have recently heard from a couple of direct lenders in San Diego, Countrywide Home Loans and Bank of America, that … (31 comments)

redlining: Soft Markets - the new way to redline. - 02/15/08 08:27 AM

By Dustin R Burke, Adonai Financial
If you haven’t already heard the term “soft market” – you will. As most of us know certain areas of the real estate market have been in decline for around a year now. The correction has appeared to have been mild, until recently where more and … (1 comments)

redlining: Soft Markets -- the new way to redline. - 02/15/08 08:25 AM

redlining: Smart business or redlining? What say you? - 02/12/08 04:46 PM

Lenn Harley wrote a post yesterday titled "HIGH RISK RATING BY FANNIE MAE?? HOW ACCURATE IS IT?" If you haven't read it yet please take a minute to do so as it is very good "Hard Core Real Estate", as usual.
Lenn's post is talking about Fannie Mae rating one of her … (43 comments)

redlining: Housing Market Rankings Affect Home Loans! - 02/02/08 08:54 AM

Banks and mortgage lenders have begun to compile lists of counties within each state that are now considered a high risk loan based upon the counties declining market ranking. The soft market county index is a system that each bank has begun to develop individually, but it was prompted by a … (3 comments)

redlining: Could This Be Redlining? - 01/25/08 06:54 PM

Redlining
The practice of denying or increasing the costs of services (banking) to residents in certain areas.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Countrywide has notified Brokers that it has implemented new "Soft Market Categories" They(the categorys) range from 1-5. Depending on which category your area falls into determines your financing
If you are in a … (42 comments)

redlining: Line Dancing: More Than A Country Music Fad - 01/22/08 05:22 PM

I was never any good at line dancing. Nor did I look good in tight jeans, boots, and a cowboy hat. But the line dancing this post refers to isn't done to a Brooks and Dunn song. The DJ in this case is Fannie Mae. The tune they are playing is … (10 comments)

redlining: Mortgage money drying up? Not. - 12/26/07 07:39 AM

A rumor moving around the blog-sphere is scaring some area sellers into believing that that banks are not lending money for home purchases in Poinciana, Florida, a surprising rumor given that a home was in fact just sold in Poinciana just last week on 12/21 by, of all entities, a bank. … (0 comments)

redlining: Coloring The Mortgage Crisis...Green or Black & White? - 12/05/07 06:15 PM

A recent Reuters News story explores the color of money. More specifically the role which color plays when determining the terms for a home loan. The focus of the article is a middle class family who purchased a home in 2003 on a fixed rate mortgage and then re-financed 2 years later into an interest … (66 comments)

redlining: Warning! Sensative Mortgage Topic - 09/22/07 01:28 PM

This is a warning as it is a sensative mortgage topic. But, you can always count on me to "open up a can of worms" and stress my opinion. I received a disturbing email on Friday, informing me that a few MAJOR BANKS are rolling out new home loan guidelines to … (38 comments)

redlining: Redlining Neighborhoods During A Garbage Lockout? - 07/12/07 01:49 PM

The San Francisco Chronicle and other local media are reporting huge disparities between richer and poorer neighborhoods as a local garbage lockout continues through it's 11th day here. Charges of redlining neighborhoods for pickups and service have been circulating for a few days now as it became obvious that older, poorer … (4 comments)