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24 Feb 2011, 6:31 am by admin
If house prices decline significantly, households in negative equity may be unable to refinance their mortgage in order to move to a more prosperous region or may be unwilling to sell their home at a loss. [read post]
21 Feb 2011, 10:25 am by Michael Froomkin
Headline on front page of Miami Herald, Sunday February 20, 2011The curse of negative home equity:Hundreds of thousands of South Floridians are underwater on their mortgages, which could have profound impact on the region’s economic recovery, or lack of.Headline on front page of Miami Herald, Monday, February 21, 2011:Miami boat, art shows during Presidents’ Day weekend point to a brighter economyAs thousands pack this weekend’s boat and art shows, and fill hotels… [read post]
21 Feb 2011, 5:21 am by Mandelman
  No, I’m not kidding… here’s the story on CNN/Money/Fortune: Moody’s read the prospectus and calculated that at least 18% of the 303 mortgages in the pool are located in the San Francisco Metropolitan Statistical Area, a definition used to identify the Bay Area’s earthquake prone region. [read post]
18 Feb 2011, 9:01 am by admin
On average, an owner without a mortgage is estimated to be 13% less likely to move every year than a private renter, while a mortgage owner’s yearly mobility rate is some 9% lower than that of a renter. [read post]
15 Feb 2011, 6:15 pm by Craig Robins
  Long Island Business News, a weekly, is Long Island’s only publication devoted to local commerce and has been the premier source of news and data on Long Island business, economic trends and the region’s entrepreneurial sector for more than 50 years. [read post]
11 Feb 2011, 3:10 pm by Buce
Finally, with respect to its inequities, the deduction disproportionately favors high-income TPs; distributes benefits unevenly across different regions of the country; and discriminates against minorities & low-income households. [read post]
9 Feb 2011, 6:58 am by Mandelman
 I can’t mention any names, but I happen to know of one loan modification company that was opened by a retired banker… and not just any banker, but a senior level banking executive that ran an entire region of the country for one of the largest banks in the U.S. [read post]
8 Feb 2011, 1:11 pm by admin
  I’ve previously written about the hypothesized strategic mortgage default in America; while I think it is not happening here at home, it very likely is occurring in Karnataka. [read post]
4 Feb 2011, 7:35 am by William Carleton
Joe Wallin and I are planning to present a slide deck today, at the Angel Capital Association (ACA) Northwest Regional Meeting in Seattle, on the accredited investor definition. [read post]
3 Feb 2011, 8:20 am by Administrator
Because its impact was limited initially to the sub-prime mortgage market, which was a relatively small part of the overall home-mortgage market, policy makers at the Department of the Treasury and the Federal Reserve assured us that its effects would be contained. [read post]
2 Feb 2011, 7:54 pm by Kevin Funnell
Now, reborn, and bolstered by its initial public offering, the Miami Lakes-based bank plans to expand in Florida, make acquisitions of smaller banks in the state and the southeastern region -- and expand to New York in the summer of 2012. [read post]
26 Jan 2011, 10:56 am by admin
  This will tend to be peri-urban employment, not urban – the city is too dense to allow timber forests — but that will nevertheless strengthen the overall regional economy. [read post]
26 Jan 2011, 12:54 am by Kevin LaCroix
Subprime litigation – by which I refer to the full panoply of cases tied to high-risk lending, mortgage securitization and sales of mortgage-backed securities in the last five or six years – remains front and center. [read post]
24 Jan 2011, 7:45 pm by Anthony Lake
Before it failed, it had 36 branches across the region and $1.1 billion in assets. [read post]
24 Jan 2011, 1:00 pm by Lucas A. Ferrara, Esq.
., EVP, Related Cos.Jonathan Rose, President, Jonathan Rose CompaniesDottie Herman, CEO, Prudential Douglas EllimanPatrick Hanlon, Principal, Ackman-ZiffFred Harris, SVP Development, AvalonBayRalph Herzka, President & CEO, Meridian Capital GroupMike Edelman, Managing Regional Director, Freddie MacChip Walters, Principal, Prudential Real Estate InvestorsStephen N. [read post]
23 Jan 2011, 3:05 pm by Gary Becker
After the financial crisis began, similar claims about exploitation of ignorant consumers were levied against providers of credit cards and mortgages. [read post]
21 Jan 2011, 6:00 am by Lucas A. Ferrara, Esq.
She praised the EEOC and particularly two regional attorneys for patiently developing and pursuing complicated labor trafficking cases--Robert Canino, regional attorney in Dallas, who brought a case against the James Pickle Co. involving men trafficked from India with the promise of well-paying jobs, but who were kept in servitude, degraded and denied wages; and Anna Park, regional attorney in Los Angeles, for her work on the Trans Bay Steel case. [read post]
20 Jan 2011, 1:00 pm by Lucas A. Ferrara, Esq.
MAYOR BLOOMBERG DELIVERS 2011 STATE OF THE CITY ADDRESS - PROGRESS AT WORK The following is the text of Mayor Bloomberg's State of the City address as delivered on January 19, 2011, at the St. [read post]