Archive for January, 2008

House OK’s increase in loan limits, temporarily .. BUT not Senate

By: Myles, January 31st, 2008

 How A Bill Becomes A Law, Live and Open for all to see ….What will the final version look like?
One Step Closer in the House >> A $150 billion economic stimulus package overwhelmingly approved by the House of Representatives Tuesday would raise the conforming loan limit and the upper threshold for FHA loan guarantee programs, from […]

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Maryland Tax Sale Abuse?

By: Myles, January 30th, 2008

In an eye-opening editorial to the Baltimore Sun today, noted Baltimore real estate attorney Jay Dackman, Esq., wrote a facinating piece arguing that it’s “time to end abuse in tax sale cases.”
According to the article, and by way of review, in 2003, the Maryland General Assembly changed the laws regarding attorney’s fees charged in tax-sale foreclosure cases […]

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Huge News for the Jumbo Mortgage Industry

By: Myles, January 26th, 2008

BIG CHANGES ARE IN THE AIR: Hoping to speed delivery of its $150 billion pick-me-up for the U.S. economy that has been rushed through Congress with bi-partisan agreement, the Bush Administration reluctantly agreed to temporarily increase the size of the mortgages Fannie Mae and Freddie Mac can purchase, from $417,000 to nearly double that.
HUGE NEWS for the […]

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No Punitive Damages for Title Company

By: Myles, January 23rd, 2008

In a significant case that may very well shape the way real estate title underwriters operate amongst themselves in the hyper-competive world they reside in, the Supreme Court today rejected Chicago Title Co.’s attempt to revive part of a $43 million award it won from competitor First American Title Co.
The case centered on an Ohio employee, […]

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Title insurance reform on hold in New Mexico

By: Myles, January 23rd, 2008

New Mexico’s Governor, and ex-Presidential candidate Bill Richardson, told the Associated Press in a story published in the Albuquerque Tribune that New Mexico lawmakers will have to wait a year before tinkering with the state’s uniform title insurance rate regulations.Gov. Bill Richardson saying the issue is too complex for legislators to tackle in their lone 30-day […]

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Japan in the ’90’s: A Look Back at Recession

By: Myles, January 22nd, 2008

Just posted on InvestorCentric – a Blog focusing on the news and information that matters to real estate investors – provides a look back into global finanicial history.

Most people are familiar with what happened in Japan in the ’90’s. It even has its own name: the “lost decade.” This time represented one of the worst recessionary periods […]

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First American Corp to split in two …

By: Myles, January 15th, 2008

The times are certainly ” a changing,” in the title insurance industry. Check out this news …..
As reported by Inman News today — January 15, 2008 –  First American Corp., the real estate title insurance leader with a 23.3% marketshare, announced  that it will separate its financial and real estate information segments by spinning off […]

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Has Baltimore housing bottomed out?

By: Myles, January 15th, 2008

According to a Baltimore Sun article today (January 15, 2008) —  The National Association of Realtors’ (NAR) chief economist told local real estate agents  that he believes the Baltimore housing market has hit bottom and 2008 should be a better year - assuming buyers don’t sit on the sidelines, anticipating major price drops.
 ”That’s quite a leap,” according […]

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2008 Commercial Real Estate Prediction

By: steve, January 2nd, 2008

Grubb & Ellis Predicts Sluggish Economy in 2008 Will Be Enough to Keep Demand for Commercial Real Estate Steady

Grubb & Ellis Company – a leading real estate services and investment management firm– today released its 2008 Global Real Estate Forecast, which indicates that U.S. economic growth, which is expected to be sluggish this year, should […]

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2008 Maryland Property Assessment Zonk!

By: Myles, January 2nd, 2008

Check your mailbox. The notices are on their way and there’s a New Year’s gift waiting for you, courtesey of the State of Maryland.
It’s your latest Maryland property assessment. Brace yourself. It’s absolutely not going to reflect the slowdown in the real estate market.
The average tax is rising 33 percent over three years ago. Ouch! It’s an […]

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