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 | May 2, 2011 | Buzz Around Naples
Are Naples area buyers aware that on October 1, 2011 Fannie Mae and Freddie Mac will reduce the maximum mortgage loan amounts from $729,750 to $ 625,000? The end result; a borrower seeking a government-backed mortgage for a $ 1-million property will be required to...
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 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 | Oct 4, 2010 | Banking And Finance, Naples Area Market Conditions
Since the housing bubble burst, appraisers have come under intense pressure for failing to account for actual market conditions. And while a new home valuation code of conduct was enacted in 2008 by Fannie Mae and Freddie Mac, controversy over home values still...
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