DALLAS – Friends and associates of prominent area real estate developer Alan J. Finlay say his death Friday is a great loss not only to the business community, but numerous other organizations he supported throughout his lifetime. View full post on real estate – Yahoo! News Search Results
California Says “No Thanks”; FHA Compare Ratio, and Lender FHA Changes not to be Ignored
January 28th, 2012 
admin Posted To: Pipeline Press
“The trouble with quotes on the internet is that it’s difficult to determine whether or not they are genuine.” So said Abraham Lincoln. But here is one I received yesterday from Steve S., the president of Residential Mortgage Group in Minnesota: “In thinking about the mortgage programs being proposed, we continue to be too stupid to have our own country.” And another from a broker discussing signing documents with his clients: “Anyway, I had an older married couple come in to sign refinance papers this morning and when they got to the page entitled ‘Intent to Proceed with Application,’ the husband threw up his hand and said, ‘You mean we sign and initial 29 times and they still think we don’t intend to proceed? Monkeys! We are governed by Monkeys!’” These blunt thoughts reflect many e-mails…(read more)
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Ex-real estate agent guilty of sexual assault
January 27th, 2012 admin A former Edmonton real estate agent was found guilty Friday of a number of charges related to attacks on three prostitutes in 2009. View full post on real estate – Yahoo! News Search Results
What Should the Government do to Address the Inventory of Foreclosed Properties?
January 27th, 2012 admin Posted To: Voice of Housing
Economists calculate that the decline in home prices has cost American homeowners approximately $7 trillion in home equity. Compounding this problem is the fact that the inventory of homes available for sale remains high and there is potential for a significant volume of “shadow inventory” to hit the market. Intervention is necessary to support the fragile recovery in the housing market and to prevent further declines in home values. What steps must policy makers take to prevent the loss of additional trillions in home equity? The abundant supply of homes available for sale presents opportunities for first-time homebuyers and “move-up” buyers as affordability is at an all-time high. Many, however, are hesitant to make a move as they wait for values to reach “bottom…(read more)
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Will High Rents Push People to Buy Homes?
January 27th, 2012 admin As rents rise, housing analysts believe more apartment tenants will look to own.
View full post on Daily Real Estate News
