Problems in the lending industry have caused great worry (both legitimate and paranoid) for prospective Real Estate consumers. But today there is some great news for the second largest mortgage lender in the country, and great news for the economy in general. According to an MSN money article dated July 16, 2008, Wells Fargo is [...]
IndyMac, the Southern California bank that ran out of money and became one of the biggest banks to collapse in U.S. history, has foreclosed on several homes in Watsonville.
Out of 22 homes that were forced into foreclosure in Watsonville in June, three were handled by IndyMac, according to foreclosure listings by home sales recording agency [...]
Default Research, the premier provider of Seattle foreclosure data, is reporting that King, Pierce and Snohomish counties saw Notice of Trustee Sales increase to 3,379 in the second quarter of 2008, up from 2,743 in the first quarter. The three hardest hit cities in the region were Tacoma (464), Seattle (412), and Puyallap (191).
“There are [...]
Imperial Capital Bancorp has made a big bet on mortgage-backed securities that it thinks will pay off despite the current banking crisis.
The La Jolla-based bank said this week that so far this year it has purchased $784 million in collateralized mortgage obligations, which are complex debt securities backed by mortgages.
The move is a change in [...]
Hanoi s real estate remains a rich potential market and investors can be confident of the rehabilitation and prospect of this market, according to the US real estate service firm, CB Richard Ellis (CBRE).
At a press conference held on July 17 to review the Hanoi real estate market in the first months of this year, [...]
Tabloid magazines like to reassure us that celebrities are just like us — they go grocery shopping, take their dogs for a stroll around the neighborhood, even pump their own gas.
These days, that can also hold true when it comes to the plummeting real estate market. Several celebrities have dealt with foreclosure issues on their [...]
Texas property markets will continue to outpace the nation, but things are likely to cool a bit through next year.
“The Texas housing markets are going to be spotty,” said Dr. James Gaines, a research economist with Texas A&M University’s Real Estate Center.
Some residential markets “will be doing very well and some will be doing poorly,” [...]
Apartment rents in the western United States are barely climbing - good news for renters but actually a sign of a weakening economy, according to a new report released Thursday.
The good news for renters is that while homeowners have watched the value of their houses drop, and subprime loan holders have seen their mortgages double, [...]
Construction of new homes in the United States saw a surprise rebound in June, rising 9.1 per cent to an annualized pace of 1.066 million units, the Commerce Department reported.
The figure was well above the Wall Street estimate of 960,000 units and a positive sign for the ailing real estate market.
Despite the monthly rise, the [...]
A total of 921 single-family homes were sold last month in San Joaquin,CA, up from 859 in May, according to figures from the latest Coldwell Banker Grupe-TrendGraphix monthly sales report, based on Multiple Listing Service data.
That is the highest monthly tally of closed escrow sales in the county back through January 2002, the oldest data [...]