Monthly Archives: December 2010

Long-Term Rates Drop Back a Bit — New York Real Estate

Long-Term Rates Drop Back a Bit by Raja Tayeb on December 27, 2010 Long-term mortgage rates dipped a bit in the week before Christmas, according to Freddie Mac. The mortgage giant reported that interest on 30-year, fixed loans averaged 4.81 … Continue reading

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Lenders ‘Foreclose’ Homes They Don’t Own — New York Real Estate

Lenders ‘Foreclose’ Homes They Don’t Own by John Tayeb on December 23, 2010 In dozens of incidents nationwide, confused banks have ransacked properties that were either not mortgaged at all or were mortgaged by a different lender or were a … Continue reading

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2011’s Strongest and Weakest Markets — New York Real Estate

2011’s Strongest and Weakest Markets by Raja Tayeb on December 23, 2010 Home prices are expected to rise in 40 percent of major metropolitan areas, according to Veros Real Estate Solutions, a research firm that provides information to the mortgage … Continue reading

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Arizona and Nevada Sue Bank of America — New York Real Estate

Arizona and Nevada Sue Bank of America by Raja Tayeb on December 21, 2010 Arizona and Nevada attorneys general filed suit against Bank of America on Friday charging that the lender misled home owners who tried to modify their mortgages. … Continue reading

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Geithner Backs Mortgage Service Standards — New York Real Estate

Geithner Backs Mortgage Service Standards by John Tayeb on December 21, 2010 U.S. Treasury Secretary Timothy Geithner said Thursday that he believes the U.S. needs national standards for mortgage servicers. Geithner plans to charge the new Consumer Financial Protection Bureau … Continue reading

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Growing Economy Big Factor for Buyers — New York Real Estate

Growing Economy Big Factor for Buyers by Raja Tayeb on December 21, 2010 Economists are surprisingly positive about the impact of rising interest rates on home sales. The consensus is that while rates are up from where they were, they … Continue reading

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Commercial Real Estate on the Mend — New York Real Estate

Commercial Real Estate on the Mend by John Tayeb on December 20, 2010 Despite predictions of Armageddon in the commercial real estate industry, the segment remains a moneymaker. Commercial Mortgage Backed Securities (CMBS) were among the top-performing assets classes this … Continue reading

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