In a word, the residential mortgage picture is: BAD.
As reported by MarketWatch, more than 11.3 million homeowners — nearly one-fourth of all Americans with a mortgage — owe more on their loan (or are “under water”), than their home is now worth, according to a report released February 23, 2010, by FirstAmerican CoreLogic.

More than 10% of […]

We normally would NOT reproduce language from a prospectus filed with the SEC. HOWEVER the following language is culled directly from a very interesting and timely filing made by First Mariner Bank on Tuesday (2.9.10).
It is so related to our recent posts – regarding the collapse of the commercial real estate market and the heavy-weight […]

Here’s what MarylandCommercialTitle.com has been saying for more than two (2) years now. Could this truly be our reality?
Over the next several years, a watchdog group concludes that failed commercial real estate loans could litter American cities with empty stores and office complexes, cause hundreds of bank failures and weaken the economy.
Banks face up to […]

Shadow inventory properties are homes that have not been tallied into official inventory numbers tracked by Realtors and other real estate professionals. They include homes taken back by lenders through foreclosures and similar actions, as well as homes whose owners are at least 90 days delinquent on their mortgage payments.
A variety of measures to keep […]

Potential Good News for our Commercial Real Estate Partners (finally): Irrespective of the government’s motivations — wrestling between helping the commercial real estate market and bailing out insured banks — there is, nonetheless, an encouraging story in the WSJ regarding the “possibility” of commercial real estate help that may be on the way.
News Flash >> According to reports, federal […]

T2 July 3

The Federal Reserve Bank of Boston just published an abstract ominously entitled Why Don’t Lenders Renegotiate More Home Mortgages? Redefaults, Self-Cures, and Securitization.

As frightening as the title is, the results are worse. Unfortunately the facts demonstrate a sorrowful reality. The authors analyzed 665,410 loans originated between 2005 and 2007 that were over 60 days […]

When Time Magazine gets around to writing about it, you know it must be true (or old news).
From our perspective, unfortunately, the toothpaste has been out of the tube for quite some time. As such, read Stephen Gandel’s article Commercial Real Estate — the Economy’s Anvil.
Many argue the impact of the commercial real market collapse. Some […]

Many have said to us, why publish so much negative news. Where is the good news. Two brief answers. First, it is what it is. Facts are facts. It’s very important that you know what “is.” And next, by knowing the bad news — up front – you not only get a heads-up, but you can position yourself to […]

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Publish at Scribd or explore others: Magazines & Newspape How-to-Guides & Manu […]