Responding to investor and lender concerns regarding the time and costs associated with completing smaller real estate transactions, the Federal Reserve Board, the Federal Deposit Insurance Corp., and the Office of the Comptroller of the Currency July 19 proposed raising the sale price threshold for commercial real estate transactions requiring an appraisal to more than …
About 23 percent of residential homes built for one to four families are now owned by investors. Institutional owners own fewer than 400,000 single-family residential homes, while nearly 8 million non-institutional investors own the rest. Most use a property management firm once they’ve accumulated more than four units. Out of about 125 million households in …
Foreclosure filings, which include default notices, scheduled auctions, and bank repossessions, are down 20 percent from the same period a year ago, according to the Midyear 2017 U.S. Foreclosure Market Report from ATTOM Data Solutions. “With a few local market exceptions, foreclosures have become the unicorns of the housing market: hard to find but highly …
Realtor.com® ranked the nation’s housing markets based on how quickly homes are selling as well as the number of listing views they garnered at realtor.com®. The top 20 markets for July are: Vallejo, Calif. Kennewick, Wash. San Francisco San Jose, Calif. San Diego Stockton, Calif. Columbus, Ohio Fort Wayne, Ind. Sacramento, Calif. Detroit Dallas Colorado …
“The number of victims wouldn’t fit in this courtroom or probably all of the courtrooms in this building . . . it’s staggering.” Barbara Barkley is 4 feet 10 inches tall. So she designed her home in Chesapeake, Va., just for herself, with all the counters and handles lowered. People told her the changes would make the …
Rising home prices are pushing more people to rent that at any time in more than 50 years, according to a new report. A new analysis of Census Bureau data by the Pew Research Center found that more US households are headed by renters than at any time since at least 1965, according to a …
The Financial CHOICE Act is a bill introduced to the 115th United States Congress in 2017 that would, if enacted, roll back “many of the protections in the landmark Dodd-Frank 2010 federal law, including the “strongest” Wall Street“regulations from the financial crisis.[1] The legislation passed the House 233-186 on June 8, 2017.[2] The massive 600-page[1] …
Rep. Jeb Hensarling Explains The Financial CHOICE Act To Roll Back Dodd-Frank Read More »
BALTIMORE, MD (WJZ/CNN) – Keith Mills stood outside the house he owns, but legally, he can’t go in. “I’m shocked. It’s a little alarming,” said Mills, a contractor who was living inside the home as he renovated it, A few days ago, he got an unwelcome surprise. Someone had cut off the lock box – …
After Craigslist scam, man can’t enter his own home Read More »
Here are the ten states with the highest foreclosure rates as of June 2017. 10. New Mexico June 2017 Foreclosure Rate: 1 in every 272 housing units Change from January to June 2016: Down 10.57% Change from January to June 2015: Up 1.77% 9. Ohio June 2017 Foreclosure Rate: 1 in every 229 housing units …
When the government-controlled mortgage finance giant Fannie Mae agreed this year to guarantee a $1 billion financing deal for one of the biggest private-equity-backed landlords in the United States, the move prompted an outcry. Housing advocates and legislators questioned why the landlord, Invitation Homes, which is controlled by the Blackstone Group, needed such low-cost financing, …
Freddie Mac To Loan Million$ To Midsize Landlords Read More »
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