Quantcast

Archive for July, 2012

Why Chick-fil-A Is Not A Zoning Issue

Why Chick-fil-A Is Not A Zoning Issue

There’s an intersection between politics and religion in America and now visibly moving into the neighborhood with a nice corner location is Chick-fil-A. Chick-fil-A is a privately-owned company with some 1,600 outlets nationwide. It’s known for excellent chicken sandwiches and the best per-store sales in the fast food industry: the Atlanta Journal Constitution says that […]

Posted in: News
RealtyTrac: Foreclosure Activity Slows In 61% Of US

RealtyTrac: Foreclosure Activity Slows In 61% Of US

Foreclosure activity was uneven during the first half of 2012. According to RealtyTrac, foreclosure activity during the first six months of the year fell in 129 of the nation’s 212 major metro areas (61%) when compared with the same period during 2011. That also means foreclosure activity increased in 83 major metro areas during the […]

Posted in: News
Are Conventional Mortgages Drying Up in Minority Communities?

Are Conventional Mortgages Drying Up in Minority Communities?

Is mortgage redlining still plaguing communities of color? A new report from seven housing and policy agencies suggests evidence of a two-tiered mortgage market in which borrowers and communities of color are increasingly cut off from prime conventional financing. Origination data from seven cities in 2010 show that borrowers in diverse communities receive government-backed loans […]

Posted in: News
Yes, FHA Loans Can Be Assumed

Yes, FHA Loans Can Be Assumed

During the past six years nearly 30,000 FHA loans have been assumed, a strategy which could help a lot of people buy and sell houses. In fact, FHA assumption activity is on the rise, with annual totals in 2011 several times greater than just a few years ago. It used to be that mortgages were […]

Posted in: News
1 Million Foreclosure Filings in 2012 — So Far

1 Million Foreclosure Filings in 2012 — So Far

Anyone who thinks the foreclosure crisis is over is dead wrong. According to RealtyTrac, more than a million foreclosure filings were recorded in the first six months of 2012. RealtyTrac — which has distressed sale listings and data — says 1,045,801 U.S. properties with foreclosure filings — default notices, auction sale notices and bank repossessions […]

Posted in: News
Are Foreclosure Reviews A Hoax?

Are Foreclosure Reviews A Hoax?

Roughly 17 million foreclosure filings were sent out between 2007 and 2011 according to RealtyTrac, the foreclosure listings and data resource. While a lot of default notices, scheduled auctions and bank repossessions were sent out, some were wrong and as a result the government has instituted a foreclosure review process that gives abused borrowers a […]

Posted in: News
The Myth of Mortgage Fraud

The Myth of Mortgage Fraud

If you’ve spoken with anyone who’s gotten a mortgage recently you’ve probably heard the same complaint: the loan application process has become excruciatingly complex. Even Federal Reserve Chairman Ben Bernanke has said that qualified borrowers with 20 percent down cannot get a mortgage. Today’s picky and perfectionist loan application process is allegedly justified by mortgage […]

Posted in: News