Homes And Condos

Make sure that you make the best for your money.

You need to know which strategies work in what markets and how to recognize economic cycles so you know how to respond to them, because educated investors can profit in real estate regardless of the economy.

Falling LIBOR May Decrease Defaults
The yield on the one-month and six-month London Interbank Offered Rate has tumbled recently to the lowest level in over three years, according to a new report from Standard & Poor’s Ratings Services. As a result, many hybrid adjustable-rate mortgages could be favorably impacted. For instance, payments on ARMs will be lower, resets will cause less payment shock and refinance opportunity will improve for ARM borrowers.<

Mortgage Advertising Drops
Last year U.S. advertisers spend $149.0 billion, TNS Media Intelligence reported. For just the fourth quarter, expenditures were down 0.1 percent from the same period in 2006, the report said. The report noted "late-year cutbacks by mortgage and loan advertisers."

McCain On the Mortgage Crisis
Sen. John McCain said irrational speculators helped create the housing bubble that saw prices increase 15 percent each year from 2001 to 2006 and compared the collapse to the technology bubble of the late 1990s. He made his comments in a speech to the Orange County Hispanic Small Business Roundtable in Santa Ana, Calif., according to a transcript of his prepared statement. McCain also placed some blame with borrowers, who bought homes they couldn’t afford and bet that rising prices would enable them to refinance later at better rates.

5 Steps to Better RMBS Performance
Moody’s Investors Service is looking for feedback to proposed enhancements to the securitization process, according to an announcement. The agency said the enhancements will improve transparency, data integrity and accountability. Among five proposed enhancements is stronger representations and warranties.

Net Branch Advantages
Stonegate Mortgage Corp. announced its affiliate business model is a hybrid retail model that provides wholesale pricing to branches and creates multiple revenue opportunities. Supreme Lending is courting mortgage brokers by touting its secondary marketing department. Primary Residential Mortgage Inc. issued a statement boasting about how its branches can focus on sales while it provides financial and operational support.

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