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Banks cashed in on mortgages last year, reporting record earnings on mortgages in 2012. Banks’ mortgage profits are finally starting to surpass the cost of the faulty loans and foreclosures that have bogged down many lending arms the last few years. If you are looking for a home loan, view site to get a the best rates available. Four major lenders — Wells Fargo & Co., JPMorgan Chase & Co., Bank of America Corp., and U.S. Bancorp — reported $24.4 billion in home mortgages in 2012. Meanwhile, expenses from loan […]

My mother was a broker for over 25 years, so you could say I was born and raised in the Real Estate business. After putting in my time behind the scenes, I obtained my license in 2004. In my first year as a Realtor® I received the Multi-Million Dollar, Rising Star and Top Sales Agent awards. From there I went on to be a Top Producing Agent in the company I was with. I was installed as a Sales & Leasing Manager to assist other agents in their business. That […]

I am a down to earth type person ~ I do not put on any pretense. I am one of eight children raised to respect the golden rule: work hard, never tell a lie and always treat others the way you wish to be treated. With that being said, I want you to know that you can relax and be yourself with me. This is Palm Springs after all; it is a very casual way to live. I will work very hard to find you, not only the right place […]

Housing will contribute to gross domestic product in 2013, barring some unforeseen double-digit recession or economic downturn, Fitch managing director Robert Curren said Tuesday. Fitch projects single-family housing starts will grow 18% in 2013, with new home sales rising 22% and existing home sales edging up 7%. The average single-family new home price edged up 3.5% in 2012 and is expected to rise 3.8% in 2013, Fitch said. “Attractive home prices, persistently low mortgage rates and a rise in nominal incomes results in superior affordability and valuations,” Curren said. “Mortgage […]

Homeowners think that when they receive a notice of foreclosure from their bank, it’s time to move out. But sometimes banks unexpectedly dismiss the foreclosure, and the home’s title remains in the name of the owner who thought he or she had lost the property. Homeowners who aren’t aware of this practice can find themselves the holders of so-called “zombie titles.” A regular title becomes a zombie title when a homeowner finds himself or herself being mindlessly pursued by mortgage servicers, local governments and debt collectors for bills related to […]

Native Californian and Proud Angeleno. As part of the Prudential California Realty team, I am dedicated to helping you with all of your real estate needs. Prior to Real Estate, my background was in Management with the Dunn-Edwards Corporation and as VP of Operations, eCommerce Exchange-CardService International. I know L.A. From WestSide to Topanga Canyon through Valley to Silverlake, Echo Park, Highland Park as well as Long Beach. If you are looking for your dream home or thinking of selling your current residence, contact me for service that is second […]

A Murfreesboro transplant from a small town near Chattanooga, Tennessee, Kyle has lived in the area for 7 years. Proud to call Middle Tennessee his home, Kyle is extremely familiar with all areas; he specializes in Murfreesboro, Franklin, and Brentwood areas of Middle Tennessee. He is a Middle Tennessee State University alum, attending the local university for both undergraduate and graduate studies arming him with the versatility of a financial and real estate valuation background. Get to know Kyle better today, and contact him for any of your real estate […]

Rising home prices pulled more than 100,000 homeowners out of negative equity in the third quarter of 2012, bringing the total number of borrowers rebounding from ‘upside-down status’ to 1.4 million through the first three quarters of the year, CoreLogicsaid. By the second quarter of 2012, 1.3 million borrowers had reached positive-equity status. And by the third quarter, 10.7 million, or 22% of all residential properties with a mortgage, remained in negative equity, down from 10.8 million properties in the second quarter. An additional 2.3 million borrowers remain at-risk of […]

The “equity” structure favored by bankers for deals in which real-estate investors create securities backed by the rental payments of single-family homes poses significant risks to investors, Moody’s Investors Service noted in its research report. Such a structure would expose investors to risks that are not typically present in residential mortgage-backed securitizations and commercial mortgage-backed securitizations. More risk also means more potential legal challenges. Moody’s analysts Yehudah Forster and Kruti Muni noted a mortgage structure, by way of comparision, is a stronger deterrent to legal challenges. “Even after a substantive […]

The nation’s housing market is improving, but remains constricted by uncertainties related to repurchase liabilities and longer foreclosure timelines in some of the nation’s hardest-hit states, researchers with Boston Consulting Group said in a report commissioned by The Pew Charitable Trusts. Pew is where former Federal Deposit Insurance Corp. leader Sheila Bair went after leaving the FDIC a few years after the housing market meltdown. In a paper titled, “Strategies to Improve the Housing Market”, the consulting group concludes the various foreclosure processes used by different states are now causing […]