---------------------------------------------
Ceberus Capital Management LP, initially targeted landlords with multimillion-dollar loans, is financing low-volume deals for small investors through its FirstKey Lending, with looser terms than government-backed mortgages from Fannie Mae and Freddie Mac, said Randy Reiff, the business’s chief executive officer. Blackstone Group LP (BX:US)’s rental lending arm, B2R Finance LP, is making a similar push to mom-and-pop landlords. -- Heather Pearlberg and John Gittlesohn in BloombergBusinessWeek http://www.businessweek.com/news/2014-07-07/cerberus-blackstone-loosening-credit-for-u-dot-s-dot-landlords
---------------------------------------------
Shared and taken by Dieter Birr, Besigheim/Germany
---------------------------------------------
NAR expects housing to grow 5-7% in California, Colorado, Texas, Florida, Georgia, and Oregon.
-- Trey Garrison in HousingWire http://www.housingwire.com/articles/30552-heres-where-realtors-expect-home-prices-to-grow-the-most
---------------------------------------------
Indeed, among U.S. depository institutions, credit unions are the only sector currently increasing their exposure to the mortgage market,” the report said. -- Brena Swanson in HousingWire http://www.housingwire.com/articles/30613-future-of-housing-in-question-amid-2q14-earnings-release
---------------------------------------------
Shared and taken by Xalima Miriel, Roofs in the Fog
---------------------------------------------
According to June’s scorecard, purchases of new homes surged 18.6% in May, indicating an improving market. New home sales rebounded to a seasonally adjusted annual rate of 504,000 in May, following sales of 425,000 in April. That’s up 16.9% from one year ago. -- Ben Lane in HousingWire http://www.housingwire.com/articles/30615-scorecard-housing-recovery-continues-to-make-progress
---------------------------------------------
The share of U.S. homes purchased by international buyers is on the rise. As HousingWire reported on Tuesday, international buyers spent nearly $100 billion on properties and investments from April 2013 to March 2014. -- Ben Lane in HousingWire http://www.housingwire.com/articles/30617-chinese-set-to-dominate-foreign-buying-market
---------------------------------------------
Shared and taken by M. Freidrich, Köln - Mùlheim
---------------------------------------------
The National Association of REALTORS® reported that Existing Home Sales were up 4.9 percent from May to April, reaching an annual rate of 4.89 million units. That's the highest monthly rate since the 5.5 percent recorded in August 2011. Existing Home Sales is a measure of the selling rate of pre-owned, single-family homes, which accounts for over 80 percent of all houses sold. --- Kevin Jones http://www.mmgweekly.com/m/index.html?SID=3e6ad89fe36086fb79126e36c659f5df
---------------------------------------------
Applications for loans to purchase newly constructed homes were down 5% in June from the month before, according to Mortgage Bankers Association data. -- Evan Nemeroff in Origination News http://www.nationalmortgagenews.com/news/origination/new-home-purchase-loan-requests-fall-a-second-straight-month-mba-1042121-1.html
---------------------------------------------
Shared and taken by M. Freidrich, Belgien ' Brügge
---------------------------------------------
Nat'l Real Estate Post:
The CFPB spent a couple hundred million renovating their HQ and when asked to show where they spent all the money, they can’t seem to find any of the paperwork? I would think it would be pretty hard to misplace $200 million dollars worth of paperwork wouldn’t you? I mean, it’s not like it’s a couple of pieces of paper that accidentally got stuffed into the wrong file cabinet or briefcase. There has to be an extensive trail of emails, phone calls and paperwork that would fill a couple of Tuff Sheds! Alas, but no. Can’t find it.
http://thenationalrealestatepost.com/cfpb-loses-rehab-paperwork-like-irs-loses-emails/?
---------------------------------------------
HARP to extend until 2016?
Brena Swanson in HousingWire http://www.housingwire.com/articles/30563-harp-to-extend-until-2016
---------------------------------------------Shared and taken by Xalima Miriel, Streets of Monsanto
---------------------------------------------
Meanwhile, the top judicial states, Florida, Ohio and Illinois, posted a 5.2%, 1.7% and 2.4% foreclosure inventory, with 122,059, 28,609 and 21, 558 completed foreclosures in the last 12 months, respectively. -- Ben Lane in HousingWire http://www.housingwire.com/articles/30599-fannie-freddie-foreclosure-inventory-hits-new-peak-in-florida
---------------------------------------------
The Mortgage Bankers Association's index of purchase-loan applications rose 3.7% in the week through July 4, while the refinancing gauge climbed 0.4%, the trade group said yesterday. -- Origination News
---------------------------------------------
Shared and taken by Walter Gawronski, Guildford Ost Office, Perth, Australia
------------------------------------------
Check out RealtyTrac's map of where the best counties to be a landlord are. - By Darrel Blomquist http://www.realtytrac.com/content/news-and-opinion/best-and-worst-markets-for-rental-returns-heat-map-8023
------------------------------------------
SunTrust hindered many people from getting a HAMP refinance. -- National Mortgage Professional
http://nationalmortgageprofessional.com/news50177/SunTrust-Reaches-Agreement-With-Multi-Agency-Force-HAMP-Issues?
------------------------------------------
No comments:
Post a Comment