Lisa and Mitchell Glogowers’ home is scheduled to be sold at auction in March, despite attempts to get a loan modification and going to mediation with their lender. Palm Coast, FL – February 21, 2011 Florida’s Supreme Court sought a foreclosure lifeline in forcing banks and borrowers to mediation. It was hoped a judicial referee […]
A weekly analysis of the economic data released during the past week, and how current economic conditions are affecting the real estate market. Palm Coast, FL – February 19, 2011 – The National Association of Realtors® Research staff now gives you a weekly analysis of the economic data released during the past week, and how […]
The electronic registry of mortgage records built by Fannie Mae, Freddie Mac and major lenders more than a decade ago has been under increasing fire by homeowners, prosecutors, politicians, and others Palm Coast, FL – February 17, 2011 Mortgage Electronic Registration Systems, or MERS, told its members Wednesday not to foreclose on residential mortgages in […]
Critical deficiencies and shortcomings resulted in violations of state and local foreclosure laws, regulations, or rules and have had an adverse effect on the functioning of mortgage markets. Palm Coast, FL – February 17, 2011 U.S. banking regulators investigating flawed foreclosures are “finalizing” remedial requirements and sanctions against mortgage servicers, Acting Comptroller of the Currency […]
”Mortgage rates remained above 5 percent last week, up almost a full percentage point from their October lows, and refinance volume continued to drop.” Palm Coast, FL – February 16, 2011 The volume of mortgage applications filed in the past week continued to fall as rates hovered above 5% and mortgage refinancings declined, the Mortgage […]
The National Association of Home Builders/Wells Fargo sentiment index registered a reading of 16 for the fourth consecutive month, in line with the median forecast of economists surveyed. Palm Coast, FL – February 15, 2011 Confidence among U.S. homebuilders stagnated in February, reflecting a still-depressed housing market. The National Association of Home Builders/Wells Fargo sentiment […]
The group with the casino connection pulled out. A group from California is rumored to have a letter of intent in place. Palm Coast, FL – February 15, 2011 – Rumor: Crescent Resources has done a commendable job of keeping everyone, including me, in the dark about their attempts to find a buyer for its […]
Imagine walking into the most profitable casino in Las Vegas, all you have is $100 in your pocket. Yet, because of your good credit, the casino allows you to play blackjack with $7000 at risk. Palm Coast, FL – February 14, 2011 Our government allowed Fannie Mae and Freddie Mac to become a giant mortgage […]
Jorge Perez, CEO of Related Group, has steered his real estate firm out from under $2 billion in debt, a feat the so-called “Condo King” lists as his greatest accomplishment. Palm Coast, FL – February 14, 2011 As the boom-and-bust epic has played out across South Florida’s condominium market, mega-developer Jorge Perez has played the […]
A weekly analysis of the economic data released during the past week, and how current economic conditions are affecting the real estate market. Palm Coast, FL – February 13, 2011 – The National Association of Realtors® Research staff now gives you a weekly analysis of the economic data released during the past week, and how […]