From the FDIC: Capital Bank, National Association, Rockville, Maryland, Assumes All of the Deposits of Pisgah Community Bank, Asheville, North Carolina As of March 31, 2013, Pisgah Community Bank had approximately .9 million in total assets and .2 million in total deposits. … The FDIC estimates that cost to the Deposit Insurance Fund will...
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This is a key distressed market to follow since Las Vegas has seen the largest price decline of any of the Case-Shiller composite 20 cities. The Greater Las Vegas Association of Realtors reported Local home prices rise again, according to GLVAR report GLVAR said the total number of existing local homes, condominiums and townhomes...
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CoreLogic today released its March CoreLogic HPI report. Home prices nationwide, including distressed sales, increased 10.5% on a year-over-year basis in March 2013 compared to March 2012. This change represents the biggest year-over-year increase since March 2006 and the 13th consecutive monthly increase in home prices nationally. On a month-over-month basis, including distressed sales,...
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From the Federal Reserve: The April 2013 Senior Loan Officer Opinion Survey on Bank Lending Practices The April 2013 Senior Loan Officer Opinion Survey on Bank Lending Practices addressed changes in the supply of, and demand for, bank loans to businesses and households over the past three months. This summary is based on responses...
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Ask most investors what they think about the housing market today, and they will most likely cringe out of habit. The reality is that the housing market in 2013 is making a recovery, a quick and expected one. Before we get into why the market is looking good as of right now, let’s remind...
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Long-term mortgage rates continued to move lower this week, with a 15-year fixed-rate mortgage falling to a record low for the second consecutive week. The weekly rate report from Freddie Mac says 30-year fixed-rate mortgages averaged 3.35 percent in the week ending May 2, down from 3.4 percent last week. The average rate on...
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This will be a very light week for economic data. The Fed’s April Senior Loan Officer Survey will be released on Monday, and Fed Chairman Ben Bernanke speaks on Friday. Yesterday on the employment report: • April Employment Report: 165,000 Jobs, 7.5% Unemployment Rate • Employment Report Comments and more Graphs • Graphs for Duration...
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What is a FICO Score? Most credit bureau scores in the U.S. are calculated from software developed by Fair Isaac and Company. They are commonly referred to as FICO scores and include a rating based on information found in credit reports. If you’re planning to finance the purchase of any investment properties now or...
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Earlier this year Norada Real Estate added a One-Year Rent Guarantee as part of every investment property purchased through their network. The response by investors has been very positive and overwhelming. A few people made the comment that it sounded, “too good to be true”. In response to those comments, I present the following...
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