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Monthly Archives: July 2011
Who says money doesn’t go as far as it used to?
A 12-acre town in South Dakota — complete with a saloon, dance hall, two jails and more — can be yours for just $799,000. (That’s down from a listing price of $3 million, by the way.)
Pop Quiz: Do you know the three UAD ratings to describe the overall effect on value and marketability of the view factors associated with the subject property? The answer is after the break.**
Sept. 1, 2011, is a date residential appraisers do not need to mark on our calendars. We have had it embedded in our minds for at least the past 7 months. Sept. 1 usually brings to… Continue reading
The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity went up 15.5 percent for the week ending July 15. The MBA’s seasonally adjusted index factors in refinancing as well as home purchase demand.
Since applications for home… Continue reading
Representative Marcy Kaptur (D-OH) has proposed a resolution that would put a temporary freeze on all residential foreclosures across the United States comparable to what was seen during the Great Depression.
Kaptur gave her resolution before the House Financial Services Committee, and urged President Barack Obama to declare a “national residential mortgage foreclosure emergency.” She also… Continue reading
This is Part 2 of Jon T. Fisher’s post Trust but Verify. Part 1 of the series can be viewed here.
Now, as the economy is beginning to show signs of life, lenders are working toward rebuilding their securitization networks so that more private options will be available for securing capital for mortgage funding in the future. The industry needs the private security markets to return as the… Continue reading
During President Ronald Reagan’s terms as our President, he used the phrase “trust but verify” quite often in his foreign policy discussions concerning the Soviet Union. Soviet Premier Mikhail Gorbachev noted Reagan’s use of the term while they were signing the INF Treaty in 1987. While President Reagan’s use of the term to describe our future engagement with the former USSR made it famous in modern political terminology… Continue reading
FNC’s director of data operations, Dave Johnson, steps up to the blog today to answer a question about home sales price recordings in non-disclosure states. Dave shares:
I just answered a question about recordings in non-disclosure states. There seem to be some common misconceptions.
Question: Are sales prices and dates available in non-disclosure states?
Most people assume that since a state is considered non-disclosure that sales prices… Continue reading
After Google announced their highly anticipated social network Google+, it was only a matter of time before social networking giant Facebook came back with something strong to continue their reign as the biggest player in the social networking space.
In an article published today by Alan J. Heavens in the Philadelphia Inquirer’s digital edition, the writer says taking out the sales of distressed properties makes for a less abrupt drop in overall home prices. (Check out the article at philly.com.)
Mark Zandi, chief economist of Moody’s Analytics, believes that distressed home sales account for… Continue reading