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The Mortgage Bankers Association (MBA) has agreed to sell its Washington, D.C. headquarters for a loss, after property values in the area took a tumble and the industry’s largest trade group found itself underwater on the mortgage. The commercial real estate research firm CoStar Group, Inc. has purchased the office building, located at 1331 L [...]

A Held Harmless Membership Shield is a product that everyone needs to sit up and take notice of and it’s probably the best $50 (Individuals) or $100 (Businesses) that you will spend this year. We bought shields for ourselves and our businesses for 2010 and have gained peace of mind as a result. So what does [...]

div class=’posterous_autopost’div class=”posterous_bookmarklet_entry” blockquotediv p The private, global investment firm a href=”http://www.colonyinc.com” target=”_blank”Colony Capital/a beat out 20 other bids for the portfolio of 1,200 commercial mortgages, of which 70 percent are delinquent, the spanFDIC/span said. Seventy-five percent of the collateral of the portfolio is located in Georgia, California, Nevada, and Florida./p [...]

div class=’posterous_autopost’div class=”posterous_bookmarklet_entry” blockquotediv p The private, global investment firm a href=”http://www.colonyinc.com” target=”_blank”Colony Capital/a beat out 20 other bids for the portfolio of 1,200 commercial mortgages, of which 70 percent are delinquent, the spanFDIC/span said. Seventy-five percent of the collateral of the portfolio is located in Georgia, California, Nevada, and Florida./p [...]

div class=’posterous_autopost’div class=”posterous_bookmarklet_entry” blockquotediv pOne in every 7.5 homeowners with a mortgage in the United States is either behind on their payments or in foreclosure, according to new data released by a href=”http://www.lpsvcs.com” target=”_blank”Lender Processing Services/a (spanLPS/span) Monday. That equates to a record high 13.2 percent of the nation’s home loans./p [...]

div class=”posterous_bookmarklet_entry” blockquotediv pServicers who lower distressed homeowners’ mortgage payments by reducing the principal balance, as opposed to just making interest rate adjustments, are much more likely to see the payments keep coming in and ward off a redefault, according to a a href=”http://www.newyorkfed.org/research/staff_reports/sr417.pdf” target=”_blank”new study/a published by the a href=”http://newyorkfed.org” target=”_blank”Federal Reserve Bank [...]

div class=”posterous_bookmarklet_entry” blockquotediv pServicers who lower distressed homeowners’ mortgage payments by reducing the principal balance, as opposed to just making interest rate adjustments, are much more likely to see the payments keep coming in and ward off a redefault, according to a a href=”http://www.newyorkfed.org/research/staff_reports/sr417.pdf” target=”_blank”new study/a published by the a href=”http://newyorkfed.org” target=”_blank”Federal Reserve Bank [...]

div class=”posterous_bookmarklet_entry” blockquotediv pServicers who lower distressed homeowners’ mortgage payments by reducing the principal balance, as opposed to just making interest rate adjustments, are much more likely to see the payments keep coming in and ward off a redefault, according to a a href=”http://www.newyorkfed.org/research/staff_reports/sr417.pdf” target=”_blank”new study/a published by the a href=”http://newyorkfed.org” target=”_blank”Federal Reserve Bank [...]

div class=”posterous_bookmarklet_entry” blockquotediv pServicers who lower distressed homeowners’ mortgage payments by reducing the principal balance, as opposed to just making interest rate adjustments, are much more likely to see the payments keep coming in and ward off a redefault, according to a a href=”http://www.newyorkfed.org/research/staff_reports/sr417.pdf” target=”_blank”new study/a published by the a href=”http://newyorkfed.org” target=”_blank”Federal Reserve Bank [...]

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