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[27 Jun 2012 | 8 Comments | 17,804 views]
Arkansas home sales solid in May

While April was a down month for Arkansas housing markets, May was strong and falls in line with Economist Michael Pakko’s prediction that residential real estate sales will pick up this year.
While residential homes sales in the largest four markets in Arkansas through May were up over last numbers, they still lagged behind market activity in 2010.
Earlier in the year, Pakko predicted markets will improve this year. It is worth mentioning, however, that 2011 was the worst year for sales since 2005 (and there are no statewide housing market reports …

Business, Columns and other comments, Features and such, News, Real Estate »

[7 Feb 2012 | One Comment | 2,444 views]
Oh, Canada…

The Office of the Superintendent of Financial Institutions of Canada (OSFI) has raised concerns over lending practices similar to those that gave rise to the crash of the subprime mortgage market in the United States.
According to documents obtained by Bloomberg News, OFSI officials are concerned about increasingly lenders’ increasing liberal practices when it comes to writing mortgages and home equity credit lines. Those practices include not requiring proof of income for those big-ticket loans.
To put that all in context, subprime lending in the U.S. went from an historical rate of …

Business, Columns and other comments, Features and such, News, Real Estate »

[27 Nov 2011 | No Comment | 2,590 views]
Geting ready for ‘HARP 2.0′

On Nov. 15, the Federal Housing Finance Agency, Fannie Mae and Freddie Mac announced new guidelines for to the Home Affordable Refinance Program (HARP) in hopes of helping more struggling homeowners take advantage of lower interest rates and secure affordable mortgage payments.
The so-called “HARP 2.0” is an extension and expansion of the program that is a little over two years old and hasn’t helped as many home owners as expected. Indeed, HARP has helped less than 1 million homeowners since it was launched and that, in large part, is due …

Business, News, Real Estate »

[15 Oct 2010 | 13 Comments | 3,261 views]
Take that foreclosure notice seriously

Unless you’ve been completely out of contact with the various media outlets throughout the United States, you’ve heard that attorneys general in all 50 states and banking regulators in 30 states launched an investigation into foreclosure practices.
Click the aforementioned link for more details, but the long and short of it is this — there are some serious questions about the adequacy of paperwork filed in foreclosure actions around the nation. There have been questions in some extreme case over the ability to bring a legitimate foreclosure action at all due …