The story, which you can read a transcript of, said that as many as two-thirds of all Indiana mortgage brokers may lose their licenses. The big problem is that new state regulations require that at least one staff member at every Indiana mortgage brokerage pass a competency exam that allows them to oversee their office.
What if you could predict those areas of the country where housing prices will dip the most in the next two years? Well, even if you can’t, the folks at PMI Mortgage Insurance Company have given it a try.
The housing industry has set yet another dubious record: The number of borrowers who have fallen more than 30 days behind on their home equity lines of credit has hit the highest level in mor ethan a decade. This news comes from the American Bankers Association.
A new report from the Associated Press says that sites such as Zillow.com often come up with value estimates that are way off.
A study for the Department of Housing and Urban Development, found that loans prepared by mortgage brokers more often came with higher fees than did those loans arranged directly by lenders.
According to this story by Financial Week writer Frank Byrt, retail vacancies are at a 12-year high. Office vacancy rates are beginning to rise, too.
The National Association of Realtors yesterday released its latest report of housing sales across the country. To no one’s surprise, the numbers remained rather dismal.
Now that Fannie Mae has discontinued its “declining markets” policy, borrowers in markets where housing prices have been falling can still get mortgage loans with a 95 percent loan-to-value ratio.
It’s hard to find anything positive to say about the residential real estate market. That’s not the case, though, with the commercial and multi-family side of the real estate industry.
Sometimes I forget that the housing slump is not only impacting real estate professionals along with buyers and sellers, but other industries, too.
your one-stop real estate info blog!
Written by Dan Rafter [email] for b5media.
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