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Short Sales; Dispelling the Myth

The Following Article is from the Fall 2011 Newsletter Although the rest of the country has been swimming in short sale transactions since the mortgage fiasco and subsequent economic downturn in 2008, the Westside has, for the most part, avoided the fun.  Recently, I have been seeing more of these short sales on our turf, and I expect that we will continue to see… Continue Reading Short Sales; Dispelling the Myth

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CONTROVERSIAL APPRAISAL RULES IMPLEMENTED BY POLITICIA...

The Following Article is from the Winter 2010 Newsletter Could the controversial appraisal system strong armed nationwide by the New York Attorney General with political aspiration — and now tied to lowball property valuations, busted home sale transactions and higher fees to consumers — be on its way out? It just might be. Under a bipartisan amendment approved Oct. 22 by the House Financial… Continue Reading CONTROVERSIAL APPRAISAL RULES IMPLEMENTED BY POLITICIANS MAY GET THE BOOT

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Forced Mortgage Repurchases

The Following Article is from the Winter 2010 Newsletter Forced repurchases of soured U.S. mortgages may be the biggest issue facing banks, even as errors in the foreclosure process draw attention to other industry risks.  Future losses from repurchases of home loans whose quality failed to meet sellers’ promises will likely total $55 billion to $120 billion for the next five years accordingly to… Continue Reading Forced Mortgage Repurchases

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PHS Q & A WINTER 2007

The Following Article is from the Winter 2007 Newsletter Q. What makes the Westside real estate market so resilient to economic factors that have been affecting the rest of the counties real estate markets?  ANSWER: The quick and simple answer boils down to the most basic law of economics:  Supply and Demand.  With the very limited and fully sated supply of housing on the Westside,… Continue Reading PHS Q & A WINTER 2007

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INTEREST BEARING NOTES

The Following Article is from the Spring 2007 Newsletter Sub-Prime Spillover to A Paper Loans? Within the last few weeks, the sub-prime mortgage lending industry has been at the center of the financial news presenting significant challenges for some firms in the industry. The troubles plaguing lenders of risky mortgages are not likely to spill over into the broader economy unless housing prices see… Continue Reading INTEREST BEARING NOTES

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Mortgage Rate News

The Following Article is from the Fall 2006 Newsletter The slumping national housing sector helped slow U.S.economic growth in the third quarter to its weakest pace in more than three years, the Commerce Department reported at the end of October. Leading financial markets to raise bets on interest-rate cuts next year.  Gross domestic product, which measures total economic activity withinU.S. borders, expanded at a… Continue Reading Mortgage Rate News

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