Wednesday, November 23, 2011

Strong Rental Market Is Turning Flippers into Landlords

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Nov 23, 2011 2:50PM

Strong Rental Market Is Turning Flippers into Landlords

Spurred by a strong demand for rental housing and low property prices , investors are buying more houses according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey . The report says that investor purchases represented 22.3 percent of closed transactions for the month of October, the third straight month that investors have held a share greater than 20 percent. The October figure is considerably higher than the 18 percent investor share reported earlier this week by the...

Nov 23, 2011 11:18AM

How Basel III Impacts Mortgage Prices; More Stress Testing for US Banks; 9% Approval Rating for Congress

"Well it's been ten years and a thousand beers, and look at the mess I'm in - A broken nose and a broken heart, and an empty bottle of gin. Well I sit and I pray, in my broken down Chevrolet, While I'm singing to myself, 'There's got to be another way.'" Caroline Baum with Bloomberg wrote, "It took a fictional jury of '12 Angry Men' 96 minutes to agree on a verdict of not guilty. It took "12 good people," as supercommittee co-chairman Jeb Hensarling referred to them, three months and countless hours...


Micro News

3:17 PM:

PMI Group Files for Chapter 11 Bankruptcy Protection

1:20 PM:

7 Year Treasury Auction an Absolute Triumph. Possible Positive Reprices

11:03 AM:

Euro Zone Unlikely to Survive Intact, Say Top Economists - RTRS POLL

10:37 AM:

Falling Stocks Help Bond Markets Rebound.

10:00 AM:

Freddie Mac: 30 Year Fixed Averages 3.98%; ARMS Hit New Lows

9:58 AM:

Freddie Mac Issues Monthly Volume Summary for October 2011

9:57 AM:

ECON: Consumer Sentiment Gains in November

9:44 AM:

Bond Markets Under Pressure, MBS Outperforming, but Falling

Around the Web

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Today's Comments

Robert Strupp

"We saw a similar phenomenon when house prices began plummeting. Investors who bought to sell were left stuck with the houses, unfamiliar and unprepared..."

Jana Holmstrup

"Any news on when HUD will announce the new loan limits?"

Chris Birk

"Just an FYI: VA loans were not included in this legislation."

Today's Q&A

"Is there an acreage limitation on USDA loans? "

"Why is my credit negatively being impacted by a refinanced mortgage."

"CAN A DWI FELON OBTAIN A REAL ESTSATE LICENSE IN MISSOURI"