Archive for the 'Bankers' Category

Finally: Some Good RE News!

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 […]

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Update: Most Important Housing Bill in a Generation?

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 […]

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NO CMBS deals: Now what?

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, […]

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Largest Monthly U.S. CRE Decline ….

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 […]

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Could things get worse?

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 […]

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The State of Fannie Mae and Freddie Mac: Mid-Year 2008

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 […]

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Small Banks at risk, too ….

By: Myles, June 26th, 2008

Here we go again. Recently, the headlines have been dominated by the global banks, like Bear Sterns, and their massive missteps and huge losses.
For instance, this just in from CitiGroup: $8.9 billion of write-downs in the second quarter, nearly $15 billion of losses in the last two quarters of 2008, and more than $46 […]

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Non-Residential Trends (More good news) ….

By: Myles, June 25th, 2008

John Caulfield in BuilderOnline, attempts to predict the trending in the Non-Residential market (and read the tea leaves), as it is suggested that the economic downturn seems to be taking its toll on the non-residential sector, which despite a strong year in 2007 and gains as recently as last month, could be faltering a bit. 
Last week, McGraw-Hill […]

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Worst Housing Market in 50 Years …

By: Myles, June 23rd, 2008

As reported by Inman News, the current housing slump is far from over and is shaping up to be the worst in 50 years, according to an annual report on the state of the nation’s housing markets from the Joint Center for Housing Studies of Harvard University.

Drastic production cuts and deep price discounts in 2005-2007 helped […]

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Opting Out of Title Insurance — Do Not!

By: Myles, June 19th, 2008

The point is often is often raised that there is some value in eliminating title insurance. Kimberly Palmer, in her article in U.S. New and World Report today, makes clear that the answer to whether to opt out of title insurance is: DO NOT!
When attorney Mark Rutzick sold his home in Fairfax, Va., and bought a new […]

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