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“Subprime mortgage servicer and participant in this weeks meeting of the minds on Capitol Hill Ocwen Financial Corp. came out in vocal support of the Administrations push for all things modification.”
House Passes Foreclosure Rental Bill
The House of Representatives this week passed a bill that would authorize federally-insured depository institutions and banks to lease real estate-owned homes for a limited period of time up to five years.
The House approved HR 2529, the Neighborhood Preservation Act, in a voice vote Wednesday. The bills language allows banks covered through the Federal Deposit Insurance Corp. to lease back houses it owns through foreclosure.
Radar Logic: Dont Call It a Housing Comeback Yet
” While Radar Logic, in a special report published Wednesday (and available to download here), acknowledged the encouraging signs of stability in house prices, the real estate data and analytics provider remains wary of calling a bottom just yet.”
rate and term refis reduce mortgage payments by billions
“But these borrowers also accumulate principal faster than they would have with a higher-rate loan even after taking into account the longer terms of the new loans. In aggregate, second-quarter refinancers will have about $200 million additional principal paydown after a year than they would have under their old loans.”
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Real Estate: The Time To Buy? None-the-less....lender's books are filling up with Commercial REOs. Commercial assets at discounted prices are showing up by the truck loads....So....it is cherry picking time. BUT one huge problem. Lenders are not lending. Well....at least not without a heavy down payment. Up to 50% on some deals....especially retail...office....industrial. Apartments still...... -
![\"The $1.75 House\"](http://livingoffdividends.com/wp-content/uploads/2008/10/buying_house_on_ebay-300x193-150x150.jpg "\\"The $1.75 House\\"")
Buying A House For $1.75 In what could possibly be the cheapest house ever sold, a woman decided to forgo her morning cup of Starbucks coffee and used that money to buy a house instead! SAGINAW, Mich. - With a winning bid of just $1.75, a Chicago woman has won an auction for an...... -
The Mortgage Crisis and Investments in Real Estate According to regional and state real estate analysts, the factors which previously fueled the housing boom of the last few years are easy to explain. The factors that fueled this boom in the real instate industry ranged significantly, including: - Interest rates that were historically low. - Flight-Risk Safety Investments...... -
U.S. Real Estate Market has STD? If comedians jokingly refer to Florida as "America's penis", then the above graphic illustrating the percentage of total homes that are in foreclosure would suggest that the U.S. real estate market, and Florida in particular, has a raging sexually transmitted disease. As Gonzalo Lira so cleverly put it: Mortgage...... -
Is It A Good Time To Invest In Real Estate? Even though I've experienced phenomenal returns in real estate, I think its getting exceedingly difficult to invest in that asset class. If you're flipping houses and you have a good buying and selling system in place, then the story is different, but thats probably your full-time job. If you a......
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