Jul
31
Real Estate | 
07 31st, 2008| 
The world would dump the currency of any other country that announced an open-ended bank bailout.
Jul
31
As Webcams and other home-monitoring devices become smaller and cheaper, some people have become voyeurs of their own vacation homes, using them to check up on the lawn guy or simply daydream about a place they'd rather be.
Jul
31
If he wants to look like a potential President, he should stop playing racial politics.
Jul
31
A residential addition to a historic hotel in Montreal, and a luxury hotel and residential development in St. Petersburg, Fla.
Jul
31
Many people who have settled in this small town have found a place that affords them more than a single pursuit.
Jul
31
Entertaining is often the main reason for having a weekend or vacation home, and for many people that all but requires outdoor cooking.
Jul
31
Sande Shurin, an acting coach and director, and her husband, Bruce Levy, converted a two-acre property in Woodstock, N.Y., into an actors’ retreat.
Jul
31
Targeted in Iran, the Bahais have found a haven in Israel.
Jul
31
Today FHA Commissioner Brian Montgomery conducted a telephone briefing on the FHA Modernization legislation and he announced that HUD will be eliminating the HECM Advisor program. According to NRMLA, HUD will be issuing a Mortgagee Letter within the next 30 days because the new law requires that, “All parties that participate in the origination of a mortgage to be insured under this section shall be approved by the Secretary”. Once the letter is issued and takes effect, only employees of FHA-approved lenders and correspondents will be permitted to participate in the origination of HECMs.
Also, HUD lawyers still haven’t resolved whether the bill creates a single national loan limit at $417,000 or $625,500, or area limits at 115% of area median home value, with a floor of of $417,000 and a cap of $625,500. NRMLA expects to get a final decision from lawyers within the next couple of days.
Jul
31
Home-mortgage rates dropped this week, after a fall in commodity prices eased worries about inflationary pressures, Freddie Mac's chief economist said.
Jul
31
The truth about drivers and driving: the good, the bad, the reckless.
Jul
31
By James Taranto
McCain mocks Obama's "movement"; Obama's response dims his transracial appeal. Thursday 4:09 p.m. ET
Jul
31
Telecom TPSA sold real estate for EUR 168 mln Forbes, NY - 15 minutes ago WARSAW, July 31 (Reuters) - Poland's dominant telecommunications company TPSA said on Thursday it had sold three properties in Warsaw, including its ... |
Jul
31
United First Financial Awarded Editors' Choice Award by Personal ... MarketWatch - 42 minutes ago It's an honor to be recognized by the Editorial Board of Personal Real Estate Investor Magazine; we are proud to be the company behind the Money Merge ... AllBridge Investments Completes Equity Investment in Helix ... MarketWatch all 6 news articles |
Jul
31
Grim Forecast, Low Sales in Real Estate East Hampton Star, USA - 48 minutes ago George Simpson, who tracks real estate data on the East End through his business, Suffolk Research Service, on July 13 released a dreary series of charts ... |
Jul
31
UPDATE 1-Poland's TPSA sells real estate for $262 mln Reuters - 1 hour ago The real estate had a book value of 504 million zlotys ($245.7 million). Earlier this month, TPSA Chief Executive Maciej Witucki said the company could book ... |
Jul
31
Last week Standard & Poor’s assigned its “Above Average” ranking to privately owned Reverse Mortgage Solutions as a residential reverse mortgage servicer. Started in 2007 the company is already servicing more than 8,600 reverse mortgage loans with outstanding balances of approximately $904 million. These numbers make RMS the fifth-largest servicer of Department of Housing and Urban Development (HUD)-insured home equity conversion mortgage (HECM) loans in the industry.
“When we started RMS in April 2007, our objectives were clear. Our goal was to create a reverse mortgage servicing platform that was supported by state of the art technology and managed by the best people in the industry. Receiving S&P highest rating in the sector is validation to me that we are achieving that goal” said RMS CEO Bob Yeary,
While RMS continues to enhance its servicing platform and expand its portfolio, the foundation of the company has been its unique proprietary servicing systems and its management of the IT area. RMS recently released RM Compass to provide an easy “front end” system for loan boarding and provides both primary servicing and private-label subservicing for the industry. By utilizing its technology and experienced executives the company hopes to grow its portfolio to 20,000 loans by year end 2008.
Jul
31
Aleksander Londero Joins McGuire Real Estate MarketWatch - 1 hour ago SAN FRANCISCO, CA, Jul 31, 2008 (MARKET WIRE via COMTEX) -- McGuire Real Estate, a San Francisco-based real estate company specializing in luxury real ... |
Jul
31
Upcoming Reverse Mortgage Events in August:
- August 1 – Reverse Fortunes Weekly Podcast
- August 6 – Overcoming Decision Paralysis w/ Stephen Kinney (Phone Conference)
- August 7 – Reverse Mortgage Fraud (Webinar)
- August 13 – Texas Reverse Mortgage Day (Event)
Do you want to promote your upcoming event on RMD? Add your webinar or event to the events page by filling out our form. If you have multiple events to add please email me for instructions on how to upload.
Jul
31
André Reiman and Joanna Mellors, American lawyers living in Lausanne, Switzerland, wanted something with a modern touch when they went house-hunting in Provence.
Jul
31
A firm that acted as a middle man in a popular real-estate-investment strategy has closed its doors, leaving investors scrambling to recover millions and pointing to flaws in the largely unregulated industry.