Over $ 1Billion of Commercial Real Estate and Loans were added by Auction.com to the Trepp’s MLS Database.
May 1, 2011 Mortgage Information Leave a comment | Tags: Commercial, Commercial Real
Trepp is one of the principal provider of CMBS and commercial mortgage information, analytics and technology to the global securities and investment management industry, is thrilled to announce that Auction.com is now contributing distressed loans and properties for sale to TreppMLS .
Currently, Auction.com has over $1 billion of Nevada commercial real estate properties and notes for sale on TreppMLS. The offering features profitable, multifamily, land and industrial assets throughout Nevada. The assets are primarily in Las Vegas with additional properties and in Henderson, Carson City, Sparks and Reno.
The Biggest Parade of the Year… the Wilmington NC Parade of Homes!
Apr 29, 2011 Real Estate Advice 1 Comment | Tags: Nc Parade, Parade
All of the holiday parades are great; you sit on the sidewalk and watch all the entrants go by you. It lasts a few hours and is quite entertaining.
There is another parade that happens once a year, but it actually has entrants that stay in place and all the spectators travel to create the “parade” through each location. This is the Wilmington NC Parade of Homes, hosted by the Wilmington Cape Fear Home Builders Association each year. This year, there are over 40 homes on parade, and will be open for viewing for 2 weekends May 14-15 and May 21-22.
Builders put their all into showcasing homes for these two weekends. The
Federal Reserve Securities Purchases Will End The Second Quarter.
Apr 26, 2011 Mortgage Information Leave a comment | Tags: Federal Reserve, Second
The Federal Reserve will end its second bond buying spree probably by June of this year.
Fed Chairman Ben Bernanke says although the central bank’s second targeted initiative for pumping money into the economy will cease in June, its end is “unlikely to have a significant effect” on mortgage rates – or the broader economic recovery as a whole.
That was Bernanke’s response during the hour-long press conference held Wednesday at the conclusion of the Federal Reserve’s two-day policy meeting – the first press briefing on policy decisions held by a U.S. central bank
On the appeal of a government-backed adjustable rate mortgages (ARMs)
Apr 26, 2011 Real Estate Consultant Leave a comment | Tags: Adjustable Rate, Rate
As the housing bubble was inflating in the mid 2000′s one of the often-abused mortgage types was the ARM or adjustable rate mortgage. As a result of that abuse ARM’s have gotten somewhat of a bad reputation among consumers. But when used correctly ARM’s can be excellent mortgages. That is why government agencies like the FHA and VA still offer ARM’s, as do quasi-government agencies Fannie Mae and Freddie Mac.
The appeal of ARM mortgages is that the rates can be significantly lower than 30 year fixed mortgages. For instance, in recent weeks rates on 5 year ARMs were in the mid threes. That is nearly 1.5% lower than the average 30 year fixed interest rate in the same time period.
When is an ARM appropriate? The mos