Friday, October 26, 2012
Ready for Market: Sprucing Up Your Chicago Home
Happy-ish thoughts about investing in housing
Source: http://feeds.reuters.com/~r/news/wealth/~3/TUtKwz2acA4/us-column-wasik-housing-idUSBRE89P13K20121026
Diane Keaton Adds New Book Called ?House? to Her Housing Collection
Source: http://feedproxy.google.com/~r/ZillowBlog/~3/Ib3hSvShWB8/
Fannie Mae, Freddie need less government funding: regulator
Source: http://feeds.reuters.com/~r/news/wealth/~3/DC_U2wc9Q70/us-usa-housing-idUSBRE89P10920121026
BofA vs. U.S. Government; Big Banks Becoming Bigger; How Will Ed DeMarco Cast his Ballot?
This short video isn't funny in the least, but should not be missed for anyone in the financial services sector, IT, or anyone else for that matter interested in privacy issues.
Remember a few years back when Countrywide, and Bank of America, would flex their muscles in front of their clients? Like, "We'll give you a great price, but we demand 50% of your volume be sold to us." And then there was, "We'll give you a warehouse line, but for our product only." That whole karma thing might just be for real. Looking at the big bank deals over the last 3-5 years, some worked out better than others, putting some banks at a disadvantage. An analysis by the WSJ finds Countrywide has cost Bank of America about $40 billion since the deal was closed. (Chase/WAMU and Wells/Wachovia did not go quite so badly, obviously.) And now Bank of America is being sued in Federal Court for civil mortgage fraud in a complaint seeking civil penalties as well as treble damages and penalties. The suit alleges that Fannie Mae and Freddie Mac lost over $1 billion because of defaulted loans fraudulently sold them by Countrywide Mortgage and BOA. The suit alleges the from at least 2007 through 2009 implemented a new loan origination process called the "Hustle," which was intentionally designed to process loans at high speed and without quality checkpoints, and which generated thousands of fraudulent and otherwise defective residential mortgage loans sold to Fannie Mae and Freddie Mac (the GSEs) that later defaulted. The Hustle continued under the ownership of BofA. Ah, fate...
...(read more)Source: http://www.mortgagenewsdaily.com/channels/pipelinepress/10252012-bank-of-america-versus-us.aspx
Housing Market Remains Weak
Source: http://news.mortgagecalculator.org/housing-market-remains-weak/
?Can I consolidate a first and second mortgage in a HARP refinance??
Here’s a recent question and answer that I wanted to share:
Q: We are underwater on our Freddie Mac mortgage and a home equity [...]
HARP Mortgage Program On Pace To Reach 1 Million Households In 2012
The HARP refinance program is getting a boost from low mortgage rates and loose mortgage guidelines. 1 million homes will get help in 2012.
Click for the complete post : HARP Mortgage Program On Pace To Reach 1 Million Households In 2012.
How to Buy a Home Below Current Real Estate Value
Source: http://feedproxy.google.com/~r/ZillowBlog/~3/en1tfRT9H2g/
CAR Casino Royale Event ? 10.10.12
CAR Casino Royale Event – 10.10.12 was originally published on Chicago Agent Magazine, the leading source for news and perspective for real estate professionals in the Chicagoland area.
The Chicago Association of Realtors Young Professionals Network hosted a James Bond-themed black-tie casino night fundraiser with the Women’s Council of Realtors’ Chicago chapter. The fundraiser, which took place at the Renaissance Blackstone Hotel in Chicago, featured many leaders in the Chicago real estate industry and raised more than $21,000 for RPAC, the political action committee of the National Association of Realtors.
CAR Casino Royale Event – 10.10.12 was originally published on Chicago Agent Magazine - For the well-informed real estate professional, the leading source for news and perspective for real estate professionals in the Chicagoland area.
Source: http://feedproxy.google.com/~r/chicagoagentmagazine/news/~3/IkYK8oFZ33s/
Chicago Illinois Mortgage Rates Week in Review for the Week Ending 08/17/2012
Thursday, October 25, 2012
Construction activity up in September, rates partially to thank
Sales of new single-family houses rose to a seasonally adjusted annualized rate of 389,000 in September, according to data released jointly by the U.S. Census Bureau and U.S. Department of Housing and Urban [...]
Mortgage Rates : Rising On U.S. Economic Data
Falling MBS pricing pushed mortgage rates higher Thursday. Conforming, FHA and VA mortgage rates all rose.
Click for the complete post : Mortgage Rates : Rising On U.S. Economic Data.
5 Things to Do in Chicago This Weekend: October 12-14
Spencer Rascoff Joins LinkedIn Influencer Program
Source: http://feedproxy.google.com/~r/ZillowBlog/~3/ZyJ_gTMUKV0/
Dean Foods' WhiteWave ups IPO size, prices above range - underwriter
company Dean Foods Co's unit, has upsized its initial
public offering and priced it above its expected price range, an
underwriter said.
How to Buy a Home Below Current Real Estate Value
Source: http://feedproxy.google.com/~r/ZillowBlog/~3/en1tfRT9H2g/
30-Year Fixed Mortgage Rate Holds Steady
Source: http://feedproxy.google.com/~r/ZillowBlog/~3/1iCbSk4TzOA/
Radar Logic Says Calling a Housing Bottom Dangerously Short-Sighted
City of St. Louis
Source: http://stlhba.hbablog.com/2012/10/24/city-of-st-louis-14/