Archive for July, 2008
By: Myles, July 31st, 2008
Is there finally some positive real estate news to report on? Looks like it. As we drill down on the raw data, and move away from a macro view, there just maybe activity that is starting to turn positive.
As reported in The Mortgage Reports, for the third straight month, at least 15 of the nation’s 20 largest […]
Tags: Monthly Real Estate Mortgage Improvement
Posted in Real Estate Brokers, Bankers, Mortgages, Historical Perspective, Market Trending |
By: Myles, July 30th, 2008
The omnibus housing bill, otherwise officially know as Foreclosure Prevention Act of 2008, passed in a 72-13 vote Saturday (July 26, 2008), the Senate concurred with previous House amendments to HR 3221.
In effect, the passing of this bill, grants the Bush administration’s request to give the Treasury Department the temporary authority to buy an unlimited amount of the […]
Tags: Omnibus Housing Bill 2008
Posted in Attorneys, Delinquency Rates, Bankers, Mortgages, Regulation, Real Estate Laws and Taxes |
By: Myles, July 24th, 2008
When searching for answers regarding the workings of financial markets – past, present and into the future – it is often wise to turn to The Wharton School, one of the most well respected academic institutions, for insights.
In a thoughtful piece entitled, Collateralized Damage: Commercial Mortgage Securities Are at a Standstill, the on-line journal, […]
Tags: Commercial Mortgage Backed Securities
Posted in Attorneys, CMBX, Bankers, Market Trending, Commercial Title Companies, Commercial Real Estate |
By: Myles, July 22nd, 2008
As we have said on many occassions, commercial real estate is a lagging economic indicator. We have seen the strain in other areas like residential property (sub-prime crisis), rising food and gas prices, and a tightening of consumer finance options (Home Equity Lines Of Credit (HELOC), Credit Card Defaults, etc.).
Now the tail is finally starting to wag the […]
Tags: Commercial Real Estate Trending
Posted in Attorneys, CMBX, Bankers, Historical Perspective, Commercial Title Companies, Market Trending, Commercial Real Estate |
By: Myles, July 21st, 2008
According to Noah Rosenblatts post in UrbanDigs,
we are currently in a CRECESSION.
Noah coins an interesting term that describes the odd economic state that we currently find ourselves in. He calls this state a – Crecession. Here is the formal definition:
A period of economic activity where available credit is contracting and the cost of credit is rising, leading to […]
Tags: Crecession
Posted in Cresession, Market Trending |
By: Myles, July 20th, 2008
Here’s the potential $2.8 trillion dollar question. In a revealing article in the New York Times, they investigate the question of how bad could things get? Since World War II, there have been 18 banking crises in industrial countries. The worst five were caused by changing lending standards or real estate bubbles (often both) and […]
Tags: Real Estate Market Trends
Posted in Developers, Attorneys, Bankers, Historical Perspective, Market Trending |
By: Myles, July 18th, 2008
The Wall Street Journals Jonathan Karp provides a fascinating expose’, entitled HARD MONEY: Real-Estate Financier’s Death Hints At Trouble for Lenders, detailing a griping personal tale of Scott Coles and his company Mortgages, Ltd., that outlines a bizarre set of facts even greater than what fiction could believably spin.
Unfortunately this story is true, and arguably representative […]
Tags: commercial real estate, Hard Money Lenders
Posted in CMBX, Delinquency Rates, Developers, Market Trending, Commercial Title Companies, Commercial Real Estate |
By: Myles, July 15th, 2008
We never sugar coat the news, but rather provide the latest installments of information, unfettered, and in a timely fashion.
Our mission is to evaluate events and provide our clients and strategic partners with critical information that will immediately become valuable assets in their business and personal lives. Todays entry is no exception ….
Chairman Ben S. Bernanke testified before the U.S. […]
No Tags
Posted in CMBX, Commercial Real Estate |
By: Myles, July 10th, 2008
As just reported in InmanNews, shares of Fannie Mae and Freddie Mac hit 17-year lows today (July 10, 2008) as investors’ fears about the companies’ ability to raise additional capital fueled speculation of the possibility of a government bailout.
Along these lines, the Office of Federal Housing Enterprise Oversight (OFHEO) has issued a statement on the […]
Tags: Fannie Mae, Freddie Mac
Posted in Residential Real Estate, Fannie Mae and Freddie Mac, Subprime, Attorneys, Mortgages, Bankers, Market Trending |
By: Myles, July 9th, 2008
What will 2009 do to our home values and networth? Read on, and see what some experts predict.
BofA sees additional 15% drop in real estate prices: Bank of America expects home prices will fall an additional 15 percent nationwide and 20 percent in California, BofA Chief Executive Officer Ken Lewis said in an interview with […]
Tags: Net Worth, Real Estate
Posted in Net Worth, Residential Real Estate, Mortgages, Home Equity, Market Trending |