Monday, December 13, 2010

Real estate health: Nashville's 'underwater' mortgage rate flat | Nashville Business Journal

Real estate health: Nashville's 'underwater' mortgage rate flat Nashville Business Journal

The number of Nashville-area homeowners with negative equity — meaning they owe more on their mortgage than their home is worth — remained flat in the third quarter despite a slight decrease nationwide, according to data released today by CoreLogic.

But Nashville's numbers remain far better than the nation's overall.

Read more: Real estate health: Nashville's 'underwater' mortgage rate flat Nashville Business Journal

Sunday, August 8, 2010

Manier and Exton Updates Market Reports

Manier and Exton has updated is Market Reports for select Middle Tennessee markets as of 8/8/2010. The reports can be found at http://exton.biz/

Sunday, July 11, 2010

Wall St. Hiring in Anticipation of an Economic Recovery - NYTimes.com

Wall St. Hiring in Anticipation of an Economic Recovery - NYTimes.com

While much of the country remains fixated on the bleak employment picture, hiring is beginning to pick up in the place that led the economy into recession — Wall Street. MORE

Tuesday, June 29, 2010

The financial reform bill and appraisers

The "Dodd-Frank Wall Street Reform and Consumer Protection Act" passed a joint House/Senate conference committee was sent to Congress for voting.

Hopefully, the bill will be approved by Congress this week. The bill makes changes to FIRREA, RESPA, and other regulations. In particular, an amendment backed by the Appraisal Institute and its partner professional appraisal organizations was accepted by the House-Senate Conference Committee last week that effectively defines “cram downs” of appraiser fees as an “unfair and deceptive” practice under the Truth in Lending Act. Under the amendment included in the final Conference Report, evidence of “customary and reasonable” fees would include government fee schedules and independent studies that exclude appraisal orders from known appraisal management companies.

Other significant provisions within the Conference Report include:
• Establishment of a federal appraisal independence standard, sunsetting the HVCC
• Provisions to separate AMC and appraisal fees on the HUD-1 Statement
• State AMC registration requirements
• Enhanced appraiser competency provisions, including clarification regarding consideration of professional appraisal designations
• Financial resources for oversight and enforcement

Click here to read the full Dodd Bill (appraisals start on page 2205)

Wednesday, April 21, 2010

The United States is projected to grow by 3.1 percent

The world economy is rebounding from recession "better than we thought likely" and will expand by more than 4 percent this year, the International Monetary Fund's top economist says.

The United States is projected to grow by 3.1 percent -- better than the 2.3 percent average growth projected by the IMF for the advanced economies.

For more information, visit washingtonpost.com:
http://link.email.washingtonpost.com/r/AADB45/BA781/GK4RGU/JLEEO7/EJWYP/UP/t