by Fatima Khokhar | Oct 3, 2011 | Banking And Finance, Fannie, Freddie and the Fed, Naples Area Market Conditions
The federal government has stuck to their guns to support the reduction of home mortgage loans that they are willing to purchase. The new loan limits as of October 1, 2011 reduces the federal government’s stake in the mortgage market and revitalizes the role of...
by Fatima Khokhar | Jul 12, 2011 | Banking And Finance, Buzz Around Naples
Figures from the National Association of Realtors for May 2011 are in and buyers who paid for their properties in CASH accounted for 30 percent of existing homes sales. Figures for buyers who bought brand new properties were not reported. Cash buyers have provided...
by Fatima Khokhar | Feb 25, 2011 | Banking And Finance, Buzz Around Naples, Naples Area Market Conditions
Earlier this week in Naples, Chief Economist for The National Association of Realtors, Dr. Lawence Yun presented his housing and economic outlook for 2011. Naples Meridian commentary regarding the recent political unrest in the Middle East and its economic effects...
by Fatima Khokhar | Feb 7, 2011 | Banking And Finance, Buyer's Representative, Naples Area Market Conditions
Federal Reserve Chairman Ben Bernanke presented his most optimistic economic outlook report at the National Press Club last week. “We have seen evidence that a self-sustaining recovery in consumer and business spending may be taking hold”. Improved business and...
by Fatima Khokhar | Jan 16, 2011 | Banking And Finance, Naples Area Market Conditions
In late September 2010 several lenders abruptly halted their sale of foreclosures to review thousands of legal documents for errors and inconsistencies. Evidence surfaced that lenders and their associates had been approving the sale of foreclosures for thousands of...
by Fatima Khokhar | Nov 22, 2010 | Banking And Finance, Naples Area Market Conditions
The housing market continues to attract daily attention from national news outlets. A breakdown of the major components affecting the market as a whole and in our area is included. A short and sweet (ish) report may be all that we can handle when the allure of...
by Fatima Khokhar | Nov 16, 2010 | Banking And Finance, Fannie, Freddie and the Fed, Naples Area Market Conditions
The credit crisis annihilated the jumbo loan market. Banks simply stopped making loans available for “expensive” homes”. Jumbo mortgages by definition are those that are too big to be bought by government-backed agencies, such as Fannie Mae and Freddie Mac. The...
by Fatima Khokhar | Nov 1, 2010 | Banking And Finance, Naples Area Market Conditions
Will we ever get tired of hearing that real estate prices are falling? Not really, especially if you are looking to take your cash and jump into the landlord game. Need to finance your investment? Then the condo game in Florida may not be worth your while. In this...
by Fatima Khokhar | Oct 19, 2010 | Banking And Finance, Fannie, Freddie and the Fed, Naples Area Market Conditions
WASHINGTON – Oct. 18, 2010 – Recent revelations about mortgage lenders filing possibly faulty court papers to foreclose on homes has sparked a public outcry and called into question tens of thousands of foreclosures. Q: How did this come to light? A: Lawyers for...
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