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Mortgage Brokers

Welcome to the special Real Estate Industry Bulletin for Mortgage Brokers.

Monday Morning Cup of Coffee

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Monday Morning Cup of Coffee

A look at stories across HousingWire's weekend desk, with more coverage to come on bigger issues: With hours to spare Friday night, Congress agreed to a budget that would keep the government from shutting down for the first time since 1995. The agreement kept the Federal Housing Administration and nonessential programs under the Department...
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Unofficial Problem Bank list at 982 Institutions

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Unofficial Problem Bank list at 982 Institutions

Note: this is an unofficial list of Problem Banks compiled only from public sources. Here is the unofficial problem bank list for Apr 8, 2011. Changes and comments from surferdude808: After a quiet week last week, activity picked-up on the Unofficial Problem Bank List as there were five removals and two additions. The changes...
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Forecast: Rising Rents to slow House Price Declines

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Forecast: Rising Rents to slow House Price Declines

As I mentioned this morning, the sharp decline in the rental vacancy rate, to 6.2% in Q1 2011, suggests that the excess supply of housing is being absorbed. Here is a graph of the Reis apartment vacancy rate: Click on graph for larger image in graph gallery. The vacancy rate is back to early...
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Atlanta Investment Property with Seller Financing

Atlanta Investment Property with Seller Financing

We just released our latest real estate investment opportunity in Atlanta, Georgia.  These are fully refurbished single family homes within the greater Atlanta market.  The properties are delivered tenant occupied and managed by our professional management firm. The properties provide investors with a positive cash flow of $300 to $500 per month (assuming a...
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Bernanke in Q&A: “Inflation will be transitory”

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Bernanke in Q&A: “Inflation will be transitory”

From Dow Jones: Fed’s Bernanke Downplays Inflation Fears Federal Reserve Chairman Ben Bernanke Monday downplayed inflation fears … Bernanke said the rise in global commodity prices is likely to be temporary and shouldn’t translate into a broader inflation problem. … “I think the increase in inflation will be transitory,” Bernanke said … He attributed...
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American Capital Mortgage Investment seeks to raise $500 million in IPO

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American Capital Mortgage Investment seeks to raise $500 million in IPO

American Capital Mortgage Investment Corp. filed for an initial public offering this week to raise up to 0 million in common stock. The Bethesda, Md.-based company plans to invest in and manage a leveraged portfolio of agency mortgage investment, nonagency mortgage investments and other mortgage-related investments, according to a Securities and Exchange Commission filing....
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Barney Frank says mortgage interest tax deduction is safe

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Barney Frank says mortgage interest tax deduction is safe

Rep. Barney Frank (D-Mass.) said at a House subcommittee hearing Thursday that the mortgage interest tax deduction would be safe. Currently, interest on a mortgage taken out to buy or improve a home can be fully deducted if the amount of the loan is less than million for married couples and 0,000 for singles....
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The argument for electronic warehouse mortgage lending

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The argument for electronic warehouse mortgage lending

Loan originators may be able to fund six to seven times as many loans with the same amount of available credit simply by adopting an eMortgage platform, according to a panel at the Mortgage Bankers Association's technology conference in Fort Lauderdale, Fla., Tuesday. Stanley Street, founder and president Street Resource Group Inc. in Atlanta,...
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Ireland Update: Stress Tests, New ECB Liquidity Facility, and … bondholder haircuts?

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Ireland Update: Stress Tests, New ECB Liquidity Facility, and … bondholder haircuts?

The next round of Irish bank stress test results are due on March 31st. Meanwhile the ECB is seeking a new liquidity facility and Ireland is talking haircuts for senior bondholders … • From Bloomberg: Ireland Seeks to Share Bank-Loss Burdens With Bond Holders, Noonan Says Ireland wants to share bank losses with senior...
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Bank Failure #26 in 2011: The Bank of Commerce, Wood Dale, Illinois

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Bank Failure #26 in 2011: The Bank of Commerce, Wood Dale, Illinois

Irresponsible: Behavior resulting in No consequences. by Soylent Green is People From the FDIC: Advantage National Bank Group, Elk Grove Village, Illinois, Assumes All of the Deposits of The Bank of Commerce, Wood Dale, Illinois As of December 31, 2010, The Bank of Commerce had approximately 3.1 million in total assets and 1.4 million...
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