September 2, 2010
NATIONWIDE
What would be the unintended effect of proposed new bill?
It is reported in the media that the federal government is contemplating a new bailout plan by name “Restoring American Financial Stability Act of 2010”. Experts are of the opinion that the intended new rules imposed on mortgage lenders, would only add up the indirect cost of mortgages – already having higher pricing – entered into by disadvantaged borrowers. Read More….
LENDERS & SERVICERS
AmeriCatalyst 2010: Inside Out – Rebuilding the U.S. housing finance system
Barton Creek Resort & Spa – Austin, Texas |Sep 12 – Sep 14
AmeriCatalyst LLC, based in Austin, Texas, is the sister company to EuroCatalyst BV, located in the Netherlands. Global strategic advisory, information services and market-positioning company for firms operating within or across the mortgage and real estate life cycle in North America and Europe.
LUXURY HOMES
Orange County ‘Housewife’ averted foreclosure
Alexis Bellino and her husband Jim, the newest cast members of "The Real Housewives of Orange County" narrowly averted foreclosure these days, after they got a last minute loan modification from their lenders. Read More….
COMMERCIAL
Inflationary Fears Ultimately Lift the US Property Market
The theory of a ‘flight to quality’ has been haunting the pages of economic text books since before Warren Buffet was a toddler, and it is now a well accepted routine reaction that markets display toward less than titillating news. Despite the US recessionary fears of 2008 that were said to lead the global recession, the Global Financial Crisis caused a major appreciation of the US dollar as the refuge within which to ride out the storm. As the dust settled, the merits of other economies were taken into consideration and US dollar positions were unwound. Read More….
MARKET UPDATE – NAPLES
Is it a risk to rent a condo which is under Short Sale?
The honest answer for this question is – it depends. A Short Sale property is like any other normal property, and the only difference is it is facing foreclosure, but still in possession of the present owner. The sale of the property will have to take place, with the consent and approval of the mortgage lender, who holds the mortgage deed on it. What are the risks? Read More….
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