Wednesday, February 23, 2011

Cash Buyers and Qualified Investors Prop Home Sales

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Feb 23, 2011 3:31PM

Cash Buyers and Qualified Investors Prop Home Sales. Tight Credit Limits Housing Recovery

The National Association of Realtors today released Existing Home Sales data for January 2011 Existing Home Sales report on the number of completed real estate sales transactions on single-family homes, townhomes, condominiums and co-ops. The methodology in calculating existing-home sales statistics is really quite simple. Each month the National Association of Realtor® receives data on existing-home sales from local associations/boards and multiple listing services (MLS) nationwide. The monthly...

Feb 23, 2011 12:51PM

Running a Loan Shop: Preparation Leads to Performance

I'm winding down a two week trip to the Mid-West where I've been performing warehouse lender audits. Something that's really stood out to me lately is the correlation between financial performance and the preparations taken before a scheduled audit. The relationship is really quite simple though. When management prepares well for an audit, their operations tend to report much better financial results than companies that don't prepare. These high performers understand the risks associated with being...


Micro News

5:09 PM:

Tomorrow Brings More Econ Data Than Today, And 7yr Note Auction

4:25 PM:

Last Lines Of Defense Hold In Benchmarks

4:18 PM:

New Mortgage Rate Watch Post

2:08 PM:

Risks Of Reprices For The Worse Emerge As Benchmark Support Falters

1:48 PM:

Fannie Adds Resources to Prepare Lenders and Appraisers for UAD

12:56 PM:

Mass Layoffs Up in January. Led by Temporary Help Services

12:24 PM:

Loan Pricing Update: 2/23/2011

11:48 AM:

GSEs to Push Penalties on Loan Servicers

Around the Web

Video News

President Obama Statement on Libya

Pain at the Pump

BofA's Meyer Says U.S. Home Prices to `Fall Further'


Today's Comments

Matthew Graham

"Risks Of Reprices For The Worse Emerge As Benchmark Support Falters 3.48 had been discussed as one of the more important support levels in benchmark 10yr..."

Trevor Curran

"Well said Adam: FHA does indeed need to introduce the Investor component of 203k financing once again. I originated quite a few of these types of deals..."

Rick Baron

"Brian, counting on any more money on the national level is probably an exercise in futility. I've developed a business model for a Fannie-type company..."

Today's Q&A

Anonymous

"How do i send extra payment to morgage towards principle only..."

Anonymous

"If my agent is selling my home and showing me my new home how..."

Anonymous

"What is the quickest and easiest way to transfer complete ownership..."

Today's Forum Discussions

Jeff R

"I'm having a panic moment regarding the FHA requirements for documenting funds transfer, etc. I hope someone with experience here can advise me: I..."

kjbrown76

"I am wondering what everyone's opinion is on getting a home inspection on a brand new home. We had the house built and watched most of the progress..."

Jason Harris

"How are your u/w's handling BK's with a property included for a new FHA deal? Are you guys three years from discharge or three years from when..."