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- Supply Meet Demand
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Here is a look at the supply and demand for residential real estate in the area.I guess that is why it’s a good time to buy….
Original Source
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19 May, 2008| housingblogs |
Comments (0) @ 23:37
- Senate (again) reaches mortgage rescue deal
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In talks led by Democrat Chris Dodd of Connecticut (pictured), Senate leaders have reached another tentative agreement on a voluntary mortgage rescue fund that would not immediately use taxpayer money, The Wall Street Journal reports this afternoon. …
Original Source: feeds.latimes.com
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19 May, 2008| housingblogs |
Comments (0) @ 22:45
- Senate Banking Committee Reaches Consensus on Bailout Bill
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The Senate Banking Committee reached a consensus on new legislation designed to help homeowners, forestall foreclosures and create more affordable housing in a government-led bail out attempt to save the housing market from imploding on itself. The ranking Republican on the committee Richard Shelby said he’s comfortable that the bill protects American taxpayers from covering for bad bets made by speculators.
From H…
Original Source: feeds.feedburner.com/typepad
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19 May, 2008| housingblogs |
Comments (0) @ 22:34
- Class Action Salad
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I fear that if the complaint in this case is written with anything like the care and clarity of this press release, Downey probably has little to worry about.The Complaint charges that Downey and certain of its officers and directors violated federal securities laws by issuing materially false statements regarding the Company’s financial results. Specifically, the Complaint alleges that defendants concealed the following: (i) Downey’s portfolio of Option ARMs contained millions of dollars worth of impaired and risky securities, many of which were backed by subprime mortgage loans; (ii) prior to the Class Period, Downey had seen Countrywide’s growth and had started to get more aggressive in acquiring loans from brokers such that the loans were extremely risky; (iii) defendants failed to properly account for highly leveraged loans; (iv) Downey had very little real underwriting, which led to large numbers of bad loans; and (v) Downey had not adequately reserved for Option ARM loans, which provided that during the initial term of the loan borrowers could pay only as much as they desired with any underpayment being added to the loan balance.I can’t wait to find out what the evidentiary standard is for (ii).
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Original Source
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19 May, 2008| housingblogs |
Comments (0) @ 22:30
- Regus grows in Hauppauge
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The Regus Group is relocating its Hauppauge headquarters to a new 13,000-square-foot business center at 150 Motor Parkway.
The new digs feature 58 offices, 120 workstations, two conference rooms and a videoconferencing studio.
Regus, a provider of fully furnished and equipped offices, has eight Long Island locations including one in Bohemia, one in Lake Success, two in Melville, one in Syosset and two in Uniondale.
T…
Original Source: spacedoutli.wordpress.com
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19 May, 2008| housingblogs |
Comments (0) @ 22:04
- Senate Reaches Deal on Housing Bill
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From Reuters: U.S. senators say have deal on housing rescue bill The two top members of the U.S. Senate Banking Committee announced on Monday that they have a deal that will create a multi-billion dollar mortgage rescue fund and a new regulator for Fannie Mae and Freddie Mac.No specifics yet.And from the WSJ: N…
Original Source: feeds.feedburner.com/CalculatedRisk
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19 May, 2008| housingblogs |
Comments (0) @ 22:01
- WaMu Cuts Home Equity Credit + More Financing News
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The Puget Sound Business Journal reported Friday on some more news from WaMu that is likely to affect local homeowners.
Washington Mutual Inc. has slashed or suspended $6 billion in available home equity credit to its customers in an effort to reduce its risk in a flailing housing market.
I…
Original Source: feeds.feedburner.com/SeattleBubble
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19 May, 2008| housingblogs |
Comments (0) @ 21:30
- There Goes the Neighborhood
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Who’s doing more damage to Bressi Ranch? Super-Jenae or these taggers?thank you to reader Mike for the photo contribution……
Original Source
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19 May, 2008| housingblogs |
Comments (0) @ 21:00
- Ortenstone - The Nancy Ortenstone Gallery
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No trip to Taos is complete without a visit to Ledoux Street. And every visit to Ledoux should include some time in the O…
Original Source: galleryrealtyoftaos.com
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19 May, 2008| housingblogs |
Comments (0) @ 20:57
- The Pierre Delattre Gallery & Studio
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Taos is fortunate that Pierre Delattre decided to relocate from Truchas to this beautiful gallery space in Ledoux Plaza. Pierre does amazing things with mixing media with his paints. In the video below, you’ll see him working on a piece with amazing texture.
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Original Source: galleryrealtyoftaos.com
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19 May, 2008| housingblogs |
Comments (0) @ 20:46
- LOKA - An Art Space, Bakery and Cafe
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In Ledoux Plaza, you can enjoy an excellent cup of coffee, fine food, wireless internet and peruse fine art. It’s all in LOKA Bakery & Cafe….
Original Source: galleryrealtyoftaos.com
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19 May, 2008| housingblogs |
Comments (0) @ 20:36
- Walk Away
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I’ll Walk Away — James Hunter
Calculated Risk recently had a post Freddie Mac on Walking Away. During a recent conference call, the following exchange occurred:
Analysts: What do you see? Is it in line with historical default rates as they get underwater or does it ……
Original Source
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19 May, 2008| housingblogs |
Comments (0) @ 20:30
- Papercloud - It’s All About Paper
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Located in the Ledoux Plaza next to Cafe Loka, Papercloud will hold your interest for quite a while as you browse their huge stock of items made from or related to paper. I was there for 20 minutes just going around a couple of times so I wouldn’t miss anything.
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Original Source: galleryrealtyoftaos.com
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19 May, 2008| housingblogs |
Comments (0) @ 20:27
- Fifth Third Ups FICO Requirement on FHA Loans
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Fifth Third, the mid-western super-regional bank implemented new FICO requirements for FHA loans originated via its wholesale channel. The new minimum FICO for all FHA loans is now 580. Previously the bank had used “common sense” underwriting with no actual minimum FICO required (although the effective FICO for “make sense” deals was 520).
Other banks have rolled in similar higher-FICO guidelines on their FHA deals of late going from a “common sense” overall file risk assessment to more stringent FICO-driven guidelines.
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Original Source: feeds.feedburner.com/typepad
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19 May, 2008| housingblogs |
Comments (0) @ 20:19
- Taos Chamber of Commerce Elects New Board Members
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5/16/08
For immediate release:
Taos County Chamber of Commerce
108F Kit Carson Road
Taos, NM 87571
575-751-8800
press@taoschamber.comT…
Original Source: feeds.feedburner.com/TaosRealEstate
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19 May, 2008| housingblogs |
Comments (0) @ 20:15
- Town of Taos News Brief
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1) Taos Convention Center Seeking Bidders for Catering and Alcohol Services Contracts
On July 1, the Town of Taos will suspend its liquor license at the Taos Convention Center, opening all alcohol services to any interested businesses or individuals within the Town limits (catering is open to anyone in the area) who can meet current NM Alcohol and Gaming Division and NMED requirements. The Taos Convention Center is currently seeking submission of interest for food service, alcohol service or both for contracts that will begin July 1, 2008. For more information, please contact Ron Yachinich today at 575-737-2628.
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Original Source: feeds.feedburner.com/TaosRealEstate
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19 May, 2008| housingblogs |
Comments (0) @ 20:12
- Sales up, Prices still down in California
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Has the giant and once-red hot California market hit bottom? I am reminded by the words of my former colleague who recently decided to put his house on the market after retiring. I asked if this was the time to sell. He said during the last downturn, in the 1990s, it took eight years for his house to regain its former value. He didn’t want to wait that long.
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Original Source: www.businessweek.com
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19 May, 2008| housingblogs |
Comments (0) @ 20:00
- So. California home sales jump 22%
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Read full story for latest details.
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Original Source: money.cnn.com
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19 May, 2008| housingblogs |
Comments (0) @ 19:45
- Test
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This is just a test. Ignore it and it will disappear shortly. Thanks!
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Original Source: feeds.feedburner.com/SeattleBubble?i=UqlzZU” border=”0″>
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19 May, 2008| housingblogs |
Comments (0) @ 19:15
- Outstanding On Our Soapbox: Bigger Is Not Always Better
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In this week’s The Hall Monitor post in our other blog Soapbox called Bigger Is Not Always Better explores the idea that the multiple decades long trend toward larger house sizes may be over.
In other words, s…
Original Source: matrix.millersamuel.com
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19 May, 2008| housingblogs |
Comments (0) @ 19:14
