FSRR’s VP of National Operations is inaugurated as IREM’s Central Florida Chapter President
FSRR’s Vice President of National Operations, Danielle Cooney was inaugurated at IREM’s annual dinner as the new Central Florida Chapter President (No.60). The Institute of Real Estate Management (IREM) is an international community of real estate managers across all property types dedicated to ethical business practices and maximizing the value of investment real estate. IREM .. read more
Mortgage Rates Fall to Record Lows
According to NEW YORK (CNNMoney) mortgage rates have sunk to record lows. The average rate on the 30-year fixed mortgage fell to 3.94%, matching the all-time low hit in early October, according to Freddie Mac’s weekly mortgage rate survey. Meanwhile, 15-year fixed-rate loans hit a new record low of 3.21%, surpassing the record set on .. read more
Multiple Signs Point to Real Estate Rebound
A recent Marketwatch story written by Amy Hoak points out that housing markets in the Great Plains, including those in North and South Dakota, Texas, Wyoming, Nebraska, Louisiana and Iowa, are showing the most signs of strength these days, according to a recent report from Veros, a risk management and valuation services firm. Hoak writes .. read more
Waiting to Sell May Be Worth it for Some Players
High unemployment and the resulting lower household income rates are persistent issues impacting the U.S. real estate industry. As a result, distressed assets continue to be prevalent, and a serious concern for many real estate investors. This article explores how higher debt and the drop in asset value affect overall household net worth value, which .. read more
FHA Powers What’s Left of the Home Market
The government moves to reform the mortgage market. What does this mean to you? One of the primary sources of financing for the U.S. home buyer, the Federal Housing Administration, better known as FHA, may be preparing for some changes that could limit borrowers’ access to the loans, or at least make them more expensive.
Industry Outlook 2011 | West Coast
State of the Economy, Real Estate and REO Asset Management in Southern California: Forecast, Trends & Solutions: An important industry view on the state of the economy, real estate and REO Asset Management, both nationally and here in Southern California. John Burns, CEO of John Burns Real Estate Consulting, along with Melinda Masson, founder and CEO .. read more
Industry Outlook 2011 | Florida
State of the Economy, Real Estate and REO Asset Management in Florida: An important industry outlook on the state of REO and Distressed Asset Management, nationally and specifically as it relates to Florida, covering topics such as economic and geographic influences affecting buying decisions. Matthew Phillips, FirstService Residential Realty’s vice president of real estate services, and .. read more
Fannie Mae Announces National REO Rental Policy
Renters in Fannie Mae-Owned Foreclosed Properties Eligible to Stay in Their Homes WASHINGTON, DC — Fannie Mae (FNM/NYSE) today announced the establishment of a new National Real Estate Owned (REO) Rental Policy that will allow qualified renters in Fannie Mae-owned foreclosed properties to stay in their homes. The company currently has an eviction suspension in place .. read more
‘Vultures’ Save Troubled Homeowners
Anna and Charlie Reynolds of St. George, Utah, were worried about losing their home to foreclosure last year. Then they got a lucky break–from an unlikely savior. Selene Residential Mortgage Opportunity Fund, an investment fund managed by veteran mortgage-bond trader Lewis Ranieri, acquired the loan at a deep discount and renegotiated the terms with the .. read more
Bank Workshop | North Carolina
The REO and distressed asset management landscape is changing rapidly, frequently leaving more questions than answers for professionals in the industry. To help answer some of these questions, FirstService Residential Realty is hosting a series of free Webinars for bank executives, institutional investors and banking and financial service associations. Upcoming Webinars will feature industry experts .. read more