Today's News
Headlines in the RE Business
Department Resources
- Domain Investing: The Next “Real Estate” Boom?
A website domain is very much like a piece of property. It is owned by someone. It can be bought and sold, traded or transferred. And just as we’ve all witnessed a nice run up in housing prices over the past few years, good domain names appreciate and can (maybe) fetch enough to put your […]
Read More» - Merrill Says Fair Value Adjustments Made for Subprime
“Experts warn that a decade-long borrowing binge has left Britain dangerously exposed to the fallout from the global liquidity crisis “
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Tags: real estate coaching, creative real estate, real estate mentoring, real estate tips, , real estate investing help, real estate training, real estate investing - Global credit crunch worries push Coventree shares lower
“In the first significant borrowing from the Fed since it lowered the discount rate last month, U.S. banks borrowed $7.2 billion from the Federal Reserve as of Wednesday, the most since just after the attacks of Sept. 11, 2001, the Fed said Thursday.”
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Tags: real estate investing help, real estate investing, real estate training, real estate […] - Consumer Confidence Tumbles to 18-Month Low
“Word on the street is that Nationstar Mortgage is winding down operations, though still kicking to some degree.”
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“Long Beach Mortgage Co., one of Orange County’s first big subprime lenders, is facing its final days amid ongoing downturns in the mortgage and housing markets. Parent company Washington Mutual, the largest U.S. savings and loan, said it’s […] - SIV’s Repo What They Sow
“The dollar slumped to a 15 year low against 6 of its most actively traded peers and set the stage for an early morning market rout on Wall Street. “
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Tags: real estate investing, real estate tips, real estate training, real estate investing help, real estate coaching, real estate mentoring, creative real estate, - (IMPLODED) Expanded Mortgage Credit Wholesale
” Pending home sales are down 12.2%. Real estate agents, usually an optimistic group, expect new-home sales to fall 23.8% this year and 7.4% in 2008. After a tremendous run-up, home prices are crashing down, and the woes in the subprime loan sector are only making the situation worse. Now even jumbo loans, which aren't […]
Read More» - Sun is setting on Spanish property boom
“Steep housing prices and a dependence on financial services make its economy vulnerable. Some predict a blow to credit might even be worse — much worse — than in the US.”
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“Moody’s Warns Housing Slump to Persist Through 2009, Sees Further Homebuilder Downgrades “
“London-based analysts at Dresdner Kleinwort are predicting a “sharp rise” in CDO downgrades […] - Turn your Business into a cash machine with other people’s money
Many people start out investing in real estate using their own money and credit. This works fine for the first few deals. But eventually, as you purchased 20 to 30 properties, your lenders will cut me off from further deals and your personal funds may dry up. I had built up a great deal of […]
Read More» - GOLD & SUBPRIME DOLLAR BACKLASH
“The grip of the subprime mortgage crisis is apparent, as jobs growth has slowed to much less than half its second quarter 139,000 monthly pace. The risk of recession has increased to 50 percent.”
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“There are no signs of spillover from the housing and mortgage market woes into other sectors of the economy’..”-HUH?
Tags: real estate training, […] - Reverse Mortgage Myths Dispelled
Reverse mortgages have become increasingly popular in recent years. Along with the increased popularity has come some misinformation or myths. This article is meant to combat some of those myths and hopefully inform potential borrowers of the opportunities available with reverse mortgages.
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One bit of misinformation that refuses to go away is the idea that […] - Countrywide falls under Bank of America deal price
“Indymac Bancorp Inc.’s top executive said he plans to recommend the company slash its quarterly dividend by 50% as the nation’s second-largest independent home lender deals with the ongoing credit crunch. The firm is also planning to cut some 10% of its work force in the coming months.”
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“Hovnanian Enterprises Inc., New Jersey’s biggest homebuilder, fell […] - Major Layoffs Reported at Countrywide
“The shortage of funds in global money markets has worsened since the Federal Reserve and the European Central Bank tried to ease a squeeze on interbank lending, according to Barclays Capital. “
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Tags: real estate coaching, real estate tips, creative real estate, real estate mentoring, real estate training