...The agency added, ""Almost 90-percent of the increase in noncurrent loans in the first quarter consisted of real estate loans, but noncurrent levels increased in all major loan categories."" Click""...
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NAR-DOJ Settlement: A Boon for Internet-Savvy Brokers?
""The National Association of Realtors"":http://www.realtor.org (NAR) resolved an ongoing Department of Justice (DOJ) civil lawsuit on Tuesday by agreeing to a settlement that will ensure brokers operating on the internet...
Read More »S&P/Case-Shiller: Home Price Declines Continue
...downturn in residential real estate continues,"" said David Blitzer, chairman of the S&P Index Committee. ""There are very few silver linings that one can see in the data. Most of...
Read More »NAR: Existing Home Sales Drop
...report from the ""National Association of Realtors"":http://www.realtor.org (NAR). NAR’s existing home sales report includes all single-family homes, town homes, condominiums and co-ops. Last month’s total existing home sales rate also...
Read More »Impac Mortgage Reports Net Loss
Irvine, California-based ""Impac Mortgage Holdings, Inc."":http://www.impaccompanies.com, a real estate investment trust (REIT), announced this week that the company lost $2.0 billion, or $27.10 per diluted common share in 2007, a...
Read More »CARES Meets with Washington Insiders
...Real Estate Solutions (CARES)—met with U.S. Senator Chiefs of Staff last week to share their perspectives on the current housing situation and propose effective loss mitigation and long-term stabilization solutions. In...
Read More »Fannie CEO: Recovery Not Expected Until 2009
""Fannie Mae"":http://www.fanniemae.com Chief Executive Officer Daniel Mudd told shareholders Tuesday that he expects the housing correction will last through 2009 and describes the volatile real estate sector as ""the worst...
Read More »Foreclosures Spark Growth at Online Auction Site
...find real estate deals in this buyer's market, and many of them are finding the deal they are looking for on RealtyBid.com,"" said Tony Isbell, RealtyBid's chief executive officer and...
Read More »Fitch: REO Auctions Growing in Importance
...of today's real estate slow down. The ratings agency concluded in its report that ""taking an early loss through an auction, although appearing larger, may indeed be better than incurring...
Read More »Hanover Capital Mortgage Holdings Reports Net Loss
""Hanover Capital Mortgage Holdings, Inc."":http://www.hanovercapitalholdings.com, a real estate investment trust (REIT) that invests in subordinate mortgage-backed securities, announced Monday that the company recorded a net loss of $23.3 million, or...
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