Whether you’re a squad leader responsible for 10 soldiers, manager of 100 workers at a Red Lobster, CEO of 2000 employees in a mid-sized corporation, or the President of the United States, it’s lon
NAHB, study, net profit, 2010, 2008, growth, operating costs, assets
A new report from NAHB shows single-family builders pulled in $7.1 million in revenue in 2010 and were left with $39,000 in net profit, a rate of 0.5 percent.
REO rental program, Bank of America Merrill Lynch, national foreclosures
Analysts with the Bank of America Merrill Lynch believe the federal government’s real estate-owned (REO) rental program could encompass 20 percent of the national foreclosure total.
CoreLogic, negative equity report, fourth quarter, 2011, debt, underwater
CoreLogic released negative equity data showing that 11.1 million, or 22.8 percent, of all residential properties with a mortgage were in negative equity at the end of the fourth quarter of 2011.
REO, Real Estate-Owned Initiative, Ranieri, research paper, Wall Street Journal
Lewis Ranieri — who’s credited as a co-inventor of the mortgage-backed security — has co-authored a new research paper supporting the federal government’s Real Estate-Owned (REO) Initiative program, according to the Wall Street Journal.
FHA, mortgage insurance premiums, increase, upfront, capital reserves
Federal Housing Administration (FHA) Commissioner Carol Galante announced Monday that the agency will be restructuring premiums for all FHA-insured single-family mortgage loans.
pending home sales, NAR, January, growth, National Association of Realtors
The National Association of Realtors reported that pending home sales reached their highest point in nearly two years in January, according to a story on HousingWire.
FHFA, Real Estate-Owned Initiative, REO, Fannie Mae, Freddie Mac, foreclosures
The Federal Housing Finance Agency (FHFA) has begun the first pilot transaction of its program to turn foreclosed Fannie Mae and Freddie Mac homes into rental properties, according to HousingWire.
Warren Buffett, housing, supply and demand, households
Despite his initial predictions for a housing recovery not panning out, Warren Buffett still believes the market will get back on track soon, according to Business Insider.
new home sales, January 2012, NAHB, HUD, Commerce Department
NAHB reports that sales of newly-built, single-family homes declined by less than one percent in January from an upwardly revised number in the previous month; this brought them to a seasonally adjusted annual pace of 321,000 units, according to data jointly released by HUD and the U.S. Commerce Department Feb. 24.
McIlwain, Urban Land Institute, Atlantic, 3 steps, housing recovery
With the housing market in a lethargic recovery, John K. McIlwain of the Urban Land Institute offers three ways to help revive the market.