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Wed Mar 10, 2010
The magnitude of the commercial real estate (CRE) downturn is a topic of intense debate. One school of thought argues that bad CRE loans could send the nation into another tailspin recession, while others say the industry has the advantage of lessons learned from the housing crisis to successfully weather the storm.
New data from the Mortgage Bankers Association (MBA) Tuesday seems to support the latter. MBA has concluded that commercial and multifamily mortgages continue to have the lowest charge-off rates of any loan type.
Both the House bill for financial regulatory reform and the draft Senate bill currently being debated include across-the-board risk retention provisions for home mortgages. The idea is to ensure lenders have more “skin in the game,” to prevent the risky practices that ignited the housing crisis.
But according to a new study by the Community Mortgage Banking Project, such mandated risk retention is “no substitute” for good underwriting and could significantly raise the cost of home mortgages.
To attract buyers, home sellers in cities throughout Florida are reducing prices by more than 10%. Read More
In response to the new regulations under the Real Estate Settlement Procedures Act (RESPA), Advantage Title, Inc. has launched GFEz--a RESPA-compliant Good Faith Estimate (GFE) rate calculator that delivers easy online c ... read more
National Quick Sale announced Tuesday that it has entered into a business partnership agreement with real estate and mortgage services provider Hollander Financial Holding Inc. Through this venture, National Quick Sale p ... read more
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