Despite sporadic indications that the real estate market is settling down homeowners still feel antsy. They are now considering a strategic default - a tactic generally used when the home loan balance is higher than the property's value - more often than before. This is being done even when they
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05/03/2010
PMI, or private mortgage insurance, played a large role in yesterday's real estate boom, allowing buyers acquire property without putting a penny down. That was a tempting prospect indeed. 100% financing actually became quite popular those days as values kept galloping up on a steady pace that qu
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04/28/2010
The residential real estate market is on a turbo-charged roller coaster ride. One day the news is encouraging in the form of increased existing home sales over previous months. Or that housing prices are beginning to stabilize across the country. Pieces like that will get mortgage and housing ind
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04/26/2010
When the real estate market succumbed a few years ago into a deep recession it took the home loan sector with it. While many mortgage lenders failed spectacularly, others were kept from falling off the map by costly government bailouts or found a hopeful merger partner. This sudden inferno quickl
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04/25/2010
MGM Mirage is now planning to open the two-tower luxury complex - sitting in the middle of CityCenter and drawing admiring and sometimes quizzical looks with its two leaning towers - in May. It was scheduled to do so in mid-December when most of the mammoth multi-billion-dollar resort on the Stri
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04/22/2010
The housing market bust in Southern Nevada - home to communities like Summerlin, Silverstone Ranch, Henderson, Mountains Edge, North Las Vegas and Rhodes Ranch - has taken down with it homeowners, mortgage lenders, real estate agents and builders, and a host of others closely tied to the industry
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04/20/2010
The sometimes shell-shocked players in the mortgage industry are continuously scrambling to meet the exceptional challenges they face almost daily. Seemingly, not a week goes by without one of the major home loan organizations - government or private - announcing a new policy it deems necessary t
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04/18/2010
The home loan market has evolved over the decades into a colossal and thoroughly complicated system that is so hard to get one's arms around with any authority. One of the latest additions to it were the otherworldly subprime mortgages and their subsequent securitization that eventually grew so t
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04/16/2010
Mortgage money remains affordable, prices are way low in Southern Nevada - with subdivisions like Rhodes Ranch, Southern Highlands, Silverstone Ranch, Charleston Heights, Silverado Ranch and Mountains Edge - and Washington is sweetening the pot with an up to $8,000 first time home buyer tax credi
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04/13/2010
As FHA's market share has soared over the past few years, thanks to the vacuum left by conventional mortgage lenders whose fortunes have suffered terrible setbacks in the ongoing real estate calamity. But it hasn't escaped the anger of the sinking housing market either. It has bravely insured mor
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04/11/2010
