Everyone is tight lipped but clues increasingly point to the Fort Worth, Texas-based boutique owner and operator of luxury golf properties across the country. Palm Coast, FL – November 4, 2011 –After a stream of potential buyers and uncompleted sales contracts and letters of intent, it looks like the sale of Grand Haven, in Palm […]
The increase in 25 to 34 year olds living in their parents’ home began before the recent recession, and has continued beyond it. Palm Coast, FL – November 3, 2011 – Between 2005 and 2011, the proportion of young adults living in their parents’ home increased, according to the U.S. Census Bureau. The percentage of […]
Today’s request brings Freddie Mac’s total Treasury draw to $72.2 billion. Palm Coast, FL – November 3, 2011 Freddie Mac, one of two mortgage- finance companies under U.S. conservatorship, reported a $4.4 billion loss for the third quarter and said it will seek $6 billion from the U.S. Treasury Department. The company, confronted with a […]
Based on the latest monthly Realtors® Confidence Index, there has been a leveling off at the MLS sales level in the sale of distressed properties in recent months. Palm Coast, FL – November 2, 2011 – Based on the latest monthly Realtors® Confidence Index, which summarizes the responses of over 3,600 Realtors® to a monthly […]
Federal prosecutors sued Allied and two top executives Tuesday, accusing them of running a massive fraud scheme that cost the gov’t at least $834 million in insurance claims on defaulted home loans. Palm Coast, FL – November 2, 2011 – Federal prosecutors sued Allied Home Mortgage Capital Corp. and two top executives Tuesday, accusing them […]
The industry’s four largest mortgage servicers all say they will be taking part in the revamped Home Affordable Refinance Program (HARP). Palm Coast, FL – November 1, 2011 The industry’s four largest mortgage servicers all say they will be taking part in the revamped Home Affordable Refinance Program (HARP). Bank of America, Chase, Citigroup, and […]
”Principal forgiveness does not accomplish our conservator mandate,” DeMarco said on CSPAN while speaking to reporters from Reuters and the Wall Street Journal. Palm Coast, FL – October 31, 2011 – While the Obama administration may be pondering the idea of helping underwater homeowners through principal write-downs, Federal Housing Finance Agency Director Edward DeMarco said […]
Salamander Hotels & Resorts introduced themselves at a special event at the Hammock Beach Resort in Palm Coast; a bit of an upgrade from the email announcing the arrival of their predecessors. Palm Coast, FL – October 28, 2011 – Middleburg, Va.-based Salamander Hotels & Resorts introduced themselves to invited guests at a special "under […]
Pending home sales declined in September, although activity remains above a year ago, according to the National Association of Realtors®. Palm Coast, FL – October 27, 2011 – Pending home sales declined in September, although activity remains above a year ago, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking […]
Sheila C. Johnson’s company partners with Reunion and Hammock Beach resorts’ owner, giving birth to the Legends of Golf Trail Palm Coast, FL – October 27, 2011 – Three of Florida’s grandest golf resorts have united under the management of Salamander Hotels & Resorts. Sheila C. Johnson, Salamander’s owner and CEO, today announced the formation […]