This is an interesting article that discusses the changes in the lending environment. There has been a lot of talk and anecdotal discussion, but what I found interesting was the citation showing an 82% drop in nonconforming loans.
A Blog by President and Founder of NCREI
20
Oct
This is an interesting article that discusses the changes in the lending environment. There has been a lot of talk and anecdotal discussion, but what I found interesting was the citation showing an 82% drop in nonconforming loans.
19
Oct
Countrywides REO inventory is quickly skyrocketing. Their total inventory is $2.7 billion and California makes up $1.1 billion of the total (if you want to make an all cash offer for the entire portfolio, I am sure they would be willing to take a bit of a discount)!
19
Oct
Here is a long, but very interesting post Sub-prime? So Over! Part 1 on the banks funding the toxic mortgages, the funds they are setting aside for reserves, and why that may be totally inadequate to cover their losses.
Back in the US housing market, meantime – the source, remember, of all those defaults and delinquencies […]
17
Oct
The International Monetary Fund lowered its forecast for Global growth due to the shakiness of the U.S. financial and housing markets.
1
Oct
Creative thinking can also mean the realization that there is no particular virtue in having things done the same way all the time. Creative real estate does not mean some unethical or illegal way of acquiring property. It simply means doing it in a way that defies conformity. It’s taking the road less traveled which […]