Today’s news that may be of interest to you:
Inside the Fed in 2006: A Coming Crisis, and Banter
The New York Times | January 12, 2012
As the housing bubble entered its waning hours in 2006, top Federal Reserve officials marveled at the desperate antics of home builders seeking to lure buyers.
Six Questions on Foreclosure-to-Rental Programs
The Wall Street Journal | January 12, 2012
Federal policy makers could roll out pilot programs for renting out single-family homes acquired through foreclosure. Here’s a look at what’s in the works.
Voters Oppose Policies That Threaten American Homeownership
DSNews | January 12, 2012
A group convened on the steps of the South Carolina State House Thursday to express their support of homeownership and their opposition to policy changes that might threaten American homeownership.
Rare Residential Mortgage Bond Tests Dormant Market
The Wall Street Journal | January 11, 2012
Redwood Trust Inc., the only company to issue so-called private label mortgage bonds since the housing market collapsed three years ago, is preparing its fourth such deal, according to bond marketing materials obtained by Dow Jones Newswires.
Obama Seeks $1.2 Trillion Debt Limit Rise
Reuters | January 12, 2012
President Barack Obama formally notified Congress on Thursday that he plans a $1.2 trillion increase in the U.S. debt limit, prompting Republicans to level election-year charges that deficits are out of control.
A Real Estate Agent’s 5 Worst Practices
FOX Business | January 13, 2012
In these desperate times, some real estate brokers are using dubious tactics to sell more homes. They can vary from rushing you into an agreement to overpromising on prices.
CFPB Unveils Mortgage Examination Proceedures
The MReport | January 12, 2012
The Consumer Financial Protection Bureau (CFPB) offered examiners – and the mortgage originators they will examine – a comprehensive guide to examination rules and procedures Thursday that covers the underwriting process, appraisals, and subprime loans. (I know I included a similar article yesterday, but it seems worth repeating. ~Anthony)
Biggest Risk for RMBS Investors? Strategic Defaults
DSNews | January 12, 2012
The credit performance of private-label residential mortgage-backed securities (RMBS) in the U.S. continues to face many challenges in 2012, with the biggest risk posed by strategic defaults, according to Moody’s Investors Service.
From the National Association of Realtors®:
Builders Prepare to Work on New Developments in 2012
Although 2011 was an overall slow year for single-family starts, builders are confident they’ll see a steady pick-up in construction activity this year. Find out which regions they’re eyeing.
Anthony V. Carollo / President
Stewart Title of Spokane
606 W. 3rd Ave.
Spokane, WA 99201
Direct Line: 509.321.3939
Direct Fax: 866.652.8834
Please remember to choose Stewart Title of Spokane on your next transaction!