Monday, December 12, 2011

Broker Market Share Increases; Effects of Vacant Properties

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Dec 12, 2011 10:00AM

Broker Market Share Increases; Las Vegas' Foreclosed-upon Property Law; Mortgage AE jobs

Any time I see "Jodie Foster," "housing scheme," "estranged father "and, "cargo containers" in one sentence, I scramble for the latest edition of People Magazine. Here it is on Yahoo . Some companies in the industry continue to expand, some larger than others. TMSFunding Wholesale Lending (part of Total Mortgage Services - headquartered in Connecticut) is seeking wholesale AE's in 21 states ranging from California to Maine through North Carolina, Texas, Florida, Michigan, Vermont, and fourteen others...

Dec 12, 2011 1:44PM

Up 51% Since 2000, GAO Looks at Causes, Effects of Vacant Properties

The Census Bureau regularly issues a vacant properties report which is generally covered by MND, and less extensive data on vacancies is kept by other government agencies - even the U.S. Post Office. However there is no solid agreement about what constitutes a vacant property nor is there any way to assess what may be a more or less benign vacancy such as a rental property merely languishing between tenants or a seldom-used seasonal property and one that can become a neighborhood blight, attract...


Micro News

4:40 PM:

FHFA Sues the City of Chicago Over Vacant Buildings Ordinance

4:23 PM:

Freddie Mac: Guidance on Mortgages Subject to City of Chicago Vacant Property Ordinance

4:19 PM:

NAHB: Statement on Proposal to Raise Mortgage Fees to Pay for the Payroll Tax Extension

3:43 PM:

Slight Chance of Negative Reprices as MBS hit Lows

10:39 AM:

MBS Commentary: Stock Selling Not Helping Bond Markets

9:51 AM:

Seller's Remorse, Stock-Lever Lifting MBS in Light Volume

8:33 AM:

More Light Trading Overnight, but Benefiting Bond Markets This Time

8:12 AM:

Euro Zone Fiscal Pact Fails to Restore Confidence

Around the Web

Video News

Sheila Bair One-On-One

Fannie and Freddie Raising Fees

Treasury Sells $32B In 3-Year Notes


Today's Comments

Jason Harris

"Brad...I understand your thoughts and can respect that. I would mention that some folks ultimately view it as a business decision. If taking into consideration..."

Brad Nease

"Rob, my comment is in regards to your comment about: ""To the AE in California who asked for advice regarding their "good client" who's..."

John Tilton

"Thanks for the info, Jason. I'm skeptical because when the program was first announced, they all said they would have it up and running Dec. 1. And..."

Today's Q&A

"Junior lien rights in California"

"Turning an equity loan into the 1st mortgage position"

"Why do the lenders only help borrowers in default, not those PAYING!!"