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For the first time since the birth of the U.S. CMBS market in the early 1990s, commercial mortgage-backed securities servicer capabilities will undergo rigorous testing this year, Fitch Ratings announced. This is because this is the first significant capital-markets-driven stress servicers have experienced. Currently low delinquencies of 31 basis points are expected to double in the next year. "Due to the current liquidity environment, it will no longer be as easy to dispose of real estate read more »
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Spam about mortgage refinancing represented about one-in-ten of all Spam sent during the past week, Commtouch Software Ltd. announced. The figures were way higher than in the fourth quarter. The increase in Spam activity is the result of falling mortgages rates. read more »
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During the fiscal first quarter of 2008, the Federal Bureau of Investigation received 15,000 Suspicious Activity Reports, an FBI spokesman told MortgageDaily.com. He said if the pace continues, there is the potential they will reach 60,000. That would be about 20 times the level in 2003. read more »
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Detroit residents have been hit hard by the subprime mortgage crisis; it was recently reported in the Detroit News that 72,000 homes in Detroit have faced foreclosure in the last two years. Publicly the mortgage industry state that they find a 1% foreclosure rate to be alarming; foreclosure rates in Detroit [...] read more »
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Workers have to qualify for earned income credit, says CPA George Saenz. read more »
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A 72(t) distribution allows you to access 401(k) money early without paying a penalty, says Dr. Don Taylor. read more »
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With the federally mandated switch from analog to digital TV only a year away, now may be the time to buy. read more »
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Want to see how your favorite stacks up against another candidate? This will do it. read more »
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New business acquisitions were $73 billion during December, Fannie Mae reported. Volume was higher than the prior month and the prior year. Residential loans past due at least three months jump in November from the prior month and a year earlier, according to the government sponsored housing enterprise. read more »
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