Real Estate News - Peoples Choice Home Loans LLC

Speculation of Short Squeeze Drives AIG Higher (at CNBC)

3/10/2010 5:24 PM

3/10/2010 4:42 PM

Shares in several big financial companies bailed out by the U.S. government rose on Wednesday on what analysts said were momentum bets and short-covering on hopes the entities were on the road to recovery...Read More

The Number at Noon: 30,322,900 (at The Wall Street Journal Online)

3/10/2010 4:39 PM

3/10/2010 4:34 PM

3/10/2010 3:49 PM

3/10/2010 2:39 PM

The following is being issued by Fannie Mae ...Read More

The Economic Drag of Mortgage Deficiencies' Long Tail (at Seeking Alpha)

3/10/2010 1:29 PM

3/10/2010 1:00 PM

With the recovery in bank earnings, the government is getting more aggressive in its financial demands...Read More

Fannie Mae Redemption (PR Newswire)

3/10/2010 1:00 PM

Fannie Mae will redeem the principal amount indicated for the following securities issue on the redemption date indicated below at a redemption price equal to 100 percent of the principal amount redeemed, plus accrued interest thereon to the date of redemption...Read More

Todd Harrison: The witch hunt widens on Wall Street (at MarketWatch)

3/10/2010 4:01 AM

Perspective is paramount as we pave the path for future generations, writes Todd Harrison...Read More

Current Mortgage News:

Green homes face a red light

3/10/2010 3:03 AM

Lots of people, especially those trying to battle high utility bills, believe in energy-efficient homebuilding....Read More

Can't make your mortgage? Get an emergency loan

3/8/2010 3:37 PM

Erin and Robert Smith had no problem handling the $2,000 monthly payment on their home ... until they lost their jobs....Read More

America's most overvalued cities

1/27/2010 6:56 AM

Don't say we didn't warn you....Read More

Rush Limbaugh wants $14 million for his NYC penthouse

3/3/2010 1:27 PM

Conservative radio host Rush Limbaugh is saying adios to the Big Apple and selling his Fifth Avenue penthouse, asking almost $14 million....Read More

A plan to save commercial real estate

3/5/2010 3:19 PM

Economists have long been predicting commercial real estate could be the next day of reckoning for the financial markets, with a wave of defaults looming as billions of dollars in troubled loans come due in the coming months....Read More

Foreclosures: How bad is your state?

3/5/2009 11:34 AM

3/3/2010 5:46 AM

If you've been holding off on a real estate purchase, glimmers of a turnaround in the housing market may have you wondering if it's finally time to make your move....Read More

Cashing in on the condo bust

3/8/2010 1:52 PM

Great bargains abound, but you have to shop carefully....Read More

Existing home sales drop

2/26/2010 10:41 AM

Sales of existing homes unexpectedly fell in January, according to an industry report published Friday....Read More

Duck! Watch out for falling home prices

2/25/2010 9:09 AM

Despite signs that the real estate market might be lurching forward, prices are expected to fall further this year....Read More

Two Top Level Departures at MetLife Home Loans

3/9/2010 11:32 AM

Two top officers in charge of the fast growing MetLife Home Loans, Memphis, have departed the bank-owned residential lender/servicer, National Mortgage News has learned...Read More

Commercial Banks Will be Big Buyers of MBS This Year

3/9/2010 11:32 AM

Commercial banks will be big buyers of agency MBS this year and help keep mortgage rates in check after the Federal Reserve withdraws from the market, according to the head of securitization strategy at Barclays Capital...Read More

GMAC/ResCap Loses Another Top Manager

3/9/2010 11:32 AM

Bill Petersohn, director of bulk acquisitions and capital market sales for Residential Capital Corp., Horsham, Pa., has resigned from the mortgage banker to take a job with an analytics firm...Read More

Appraisers Warn About BPOs and Property 'Flopping'

3/9/2010 11:32 AM

Appraisers are raising alarms that the Treasury Department's decision to use broker price opinions (BPOs) for its new short sales program will exacerbate mortgage fraud and property "flopping....Read More

Former GNMA Chief: Cut the Agency Loose From HUD

3/9/2010 11:32 AM

The Government National Mortgage Association should be given its independence from the Department of Housing and Urban Development, its former president said...Read More

Realtors: Tax Credit a Dud This Year

3/9/2010 11:32 AM

The homebuyer tax credit has been a dud so far this year, but the National Association of Realtors is hoping it will kick in this spring and drive home sales higher before it expires at midyear...Read More

Phoenix Capital Working on Large Servicing Deal

3/9/2010 11:32 AM

Phoenix Capital, Denver, is working on bringing an $800 million package of servicing rights to the auction market, according to one advisor familiar with the transaction...Read More

Government Bans Lend America and Ashley

3/9/2010 11:32 AM

Defunct FHA lender Lend America and its "chief business strategist," Michael Ashley -- who controlled the company -- have effectively been barred from the mortgage industry, according to newly released court documents...Read More

NABE Survey: Banks Won't be Hurt by CFPA

3/9/2010 11:32 AM

The creation of an independent Consumer Financial Protection Agency would not impair safety and soundness regulation of banks, according to a majority of business economists...Read More

Fairway Sees Volume Explode in New England

3/9/2010 11:32 AM

Fairway Independent Mortgage Corp., Sun Prairie, Wisc., funded $720 million in residential loans in the New England area last year, a 244% jump from 2009...Read More