Are Principal Reductions Coming?
Friday, January 20th, 2012 Posted in Inside Real Estate | 2 Comments »Nearly one million U.S. homeowners could get principal reductions if the federal government reaches a settlement with five of the nation’s largest mortgage lenders. HUD Secretary Shaun Donovan is pressing the lenders to provide up to $25 billion in relief to ...
Foreign Buyers Love U.S. Real Estate
Monday, January 16th, 2012 Posted in Inside Real Estate | No Comments »It’s interesting that foreign homebuyers see U.S. real estate as a safe haven during our current challenging national housing market. It seems that foreign homebuyers see homeownership in the U.S. as a good investment as they deal with financial crises abroad. In ...
Bank of America Could Sell Branches
Saturday, January 14th, 2012 Posted in Inside Real Estate | No Comments »It’s no secret that B of A is troubled, largely due to its mortgage lending division. The bank bought Countrywide Home Loans in 2008, and has since been burdened with Countrywide’s bad loans, foreclosures, and litigation tied to soured mortgage-backed securities. The ...
MetLife Home Loans Closes Its Doors
Thursday, January 12th, 2012 Posted in Inside Real Estate | No Comments »Texas-based MetLife Home Loans has stopped accepting new mortgage loan applications and will exit the mortgage business. Citing frustration over new lending regulations, parent company MetLife had been trying to sell the mortgage division since last October, but was unable to ...
Boise Real Estate: My 2012 Predictions
Friday, January 6th, 2012 Posted in Inside Real Estate | 2 Comments »Predicting the future is risky business. Stuff happens, things change, and bam! ~ you’re dead wrong. Nonetheless, here are my thoughts on what I think will happen in 2012. Interest Rates Look for interest rates to remain low in this election year while The ...
