Commercial Real Estate Loans Pose A Real Danger
Elizabeth Warren, chairwoman of the Congressional Oversight Panel for the Troubled Asset Relief Program, talks with Bloomberg’s Betty Liu about the outlook for community banks that have exposure to commercial real estate loans. Warren, speaking from Newton, Massachusetts, also discusses the need for so-called stress tests on community banks. Commercial real estate loans have potential to go sour and wreck the U.S. economy unless regulators prepare now, according to a report from the watchdog for the federal financial rescue program.
San Jose real estate lawyers
Real Estate Broker Double Speak
San Diego home for sale
It’s a once in a lifetime opportunity to buy real estate! San Diego real estate real estate values have improved and will continue to do so. Rates are under 5%; large government home buyer credits exist. Prices have fallen so low, this market is going to boom!
Another New Government Housing Program
The latest new government housing program is intended to to make short sales easier. It’s called Home Affordable Foreclosure Alternatives (HAFA) and is set to start on April 5 2010. The program aims to standardize short sale regulations and paperwork. All servicers participating in HAMP, the federal Home Affordable Modification Program, are contractually obligated to consider those ineligible for modifications for a foreclosure alternative.
Successful short sales or deeds-in-lieu transactions will be rewarded with taxpayer-funded incentives. Non-compliance can result in monetary penalties. The Treasury Department doesn’t yet have a reliable estimate of how many people will be helped.
San Francisco real estate attorneys
What Will Happen When The Govt. Exits The Mortgage Market?
The government is set to exit the home mortgage market around the end of March or early April. Will the private sector be able to go it on it’s own? How could this effect resale home values?
This video was hosted on January 27, 2010, this is the first part of a webinar hosted by Altos Research that examines early housing market trends emerging in 2010.
Why Many Home Loan Modifications Are Never Approved
It’s the old story… If you want to find the real reason behind major institutional activity, FOLLOW THE MONEY! This video suggests certain banks have NO INCENTIVE to refinance troubled mortgages & don’t care at what price a property is sold.
Some say the largest inaccuracy in this video is that the public paid for the loss the FDIC covered. Further, FDIC losses are covered by their own funds which are collected from members. So, it’s really insurance; you pay a premium and they cover you if something bad happens. The claim is that the FDIC is NOT funded by the public…
Sacramento attorneys
Real Estate – Housing Market Trends
Hosted on January 27, 2010, this is the first part of a webinar hosted by Altos Research that examines early housing market trends emerging in 2010.