Real Estate News - Area Appraisal Services, Inc.

7/28/2010 11:14 AM

A Miami-based developer is seeking to capitalize on predictions of a rougher hurricane season, which may be a marketing opportunity for him and his new tower at 1450 Brickell Ave...Read More

For AvalonBay, Long Island Filled With Risk, Reward

7/29/2010 12:55 PM

The region near New York City is one of the nation's toughest markets to development properties. AvalonBay is undeterred...Read More

Japan's Toyoko Inn Targets New York

7/27/2010 7:11 PM

Japanese no-frills hotel operator Toyoko Inn is planning to expand into the U.S. market with a 640-room tower in the New York City borough of Queens, where it plans to offer tiny rooms for rates that are among the lowest in the city....Read More

Office Developers Revive Plans

7/28/2010 8:52 AM

With Europe's financial sector showing signs of stabilizing, developers have begun to dust off plans. A development boom, however, isn't likely anytime soon...Read More

It's a Low Point for High Point

7/28/2010 12:03 AM

Vornado Realty Trust is opting to forfeit a 2 million-square-foot furniture mart in High Point, N.C., to holders of its $191 million securitized mortgage...Read More

Other News:

Economists Expect Slower Growth in Second Half

7/30/2010 12:44 AM

Amid slow job creation, reduced housing activity and a dip in retail sales, many economists have downgraded expectations for the rest of the year. The NYT reports...Read More

Walt Disney Sells Miramax to Filmyard Holdings

7/30/2010 12:44 AM

Other News:

Stated Income (Liar Loans) Still Available for Some

7/28/2010 7:00 PM

"Not so long ago, during the height of the housing boom, roughly 40% of all new mortgages originated were stated income or low doc loans. Then came the financial crisis and the housing crash in 2007 during which time 39% of the sub prime mortgages, which included stated income and low doc loans, defaulted. With thousands and thousands of loans defa...Read More

Citi to pay $73 million for misleading investors

7/28/2010 7:00 PM

"Citigroup said Thursday it would pay $73 million to settle charges by the Securities and Exchange Commission that the bank, as well as two of its executives, misled investors about the company's exposure to the subprime mortgage market....Read More

Reverse Mortgages: MSNBC "Consumer Man" Gets It Wrong Says Industry Leader

7/28/2010 7:00 PM

"I just read an article on reverse mortgages and how they can lead to big trouble. After I read the entire article, I became enraged. Not just angry, but really, really mad due to the fact that the man who calls himself the "ConsumerMan" obviously has no real understanding of the product and is reporting several items as "fact" that are completely ...Read More

Freddie Mac to auction off foreclosed Phoenix houses

7/28/2010 7:00 PM

"Prospective buyers trying to purchase Phoenix foreclosed homes to live in will have first dibs on 135 houses that mortgage giant Freddie Mac is auctioning off next month. Read more: http://www.azcentral.com/business/realestate/articles/2010/07/27/20100727biz-catherine0728.html#ixzz0v5tNAvP1...Read More

Karl Case on US Housing Market

7/28/2010 7:00 PM

"Case says US housing market is dead in the water...Read More

How HVCC Changed The Game For Appraisal Management Companies

7/28/2010 7:00 PM

"Appraisal management companies (AMCs) have been around for a long time, but they became more prominent when the Home Valuation Code of Conduct (HVCC) rules were adopted by the government-sponsored enterprises. These rules were intended to provide a bumper between loan origination people – mainly, commissioned loan officers - and appraisers in orde...Read More

Jumbo Mortgage Rates at Record Lows, Jumbo Market Thawing

7/28/2010 7:00 PM

"Finally, things for the mortgage industry are starting to change. As historically low mortgage interest rates have been recently seen in the low to middle priced housing market, the jumbo mortgage is also making a come back....Read More

Aaron Krowne on PRN "News Dissector" Radio - 7/22/2010

7/28/2010 7:00 PM

Aaron Krowne and Danny Schecter discuss the bank earnings sham, the good and bad of the financial reform bill, and the economy...Read More

How to stop a house foreclosure in Ohio

7/28/2010 7:00 PM

"If you are behind on your mortgage or struggling to afford your monthly payments, don’t wait—help is free! Call the Save the Dream Ohio hotline at 888.404.4674 today!...Read More

Morgan Stanley Settles With Washington D.C. Attorney General; Agrees to Pay $600,000

7/28/2010 7:00 PM

" Attorney General Peter Nickles announced today that his office has entered into an agreement with Morgan Stanley & Company, a New York investment banking firm, that resolves an investigation into Morgan Stanley’s mortgage warehouse financing practices relating to subprime home loans in the District from 2004 to 2007....Read More

Other News:

3 Indicted for Defrauding Lenders

1/1/0001 12:00 AM

Mortgage Fraud Defendant Sentenced

1/1/0001 12:00 AM

Cattle Rancher Sentenced for Bank Fraud

1/1/0001 12:00 AM

3 Charged in Missouri Straw Buyer Scam

1/1/0001 12:00 AM

Attorney Convicted of Mortgage Fraud

1/1/0001 12:00 AM

Other News:

Current Weather Conditions In Washington, DC (20007)

7/30/2010 5:44 AM

Your Local Doppler Radar

7/30/2010 5:44 AM

This map shows the location and intensity of precipitation in your area. The color of the precipitation corresponds to the rate at which it is falling. This map is updated every 15 minutes...Read More

Pollen Trend for Washington, DC (20007)

7/30/2010 5:44 AM

Rising. View complete PollenCast...Read More

Video: Your Regional Weather Forecast

7/30/2010 5:44 AM

Watch what the experts at The Weather Channel® have to say about the weather trends in your area...Read More

ADV: Upgrade to weather.com Gold!

7/30/2010 5:44 AM

Get advanced storm tracking maps and weather for 10 cities in one-click, all with no ads! Start your free trial now...Read More

Your Weekend Forecast For Washington, DC (20007)

7/30/2010 5:44 AM

Chance of Precipitation: Fri: 30% / Sat: 30% / Sun: 0%. For complete forecast details.....Read More

Your 10-Day Forecast for Washington, DC (20007)

7/30/2010 5:44 AM

Today: Mostly Clear & High 88°F / Low 70°F.---- Sat: Partly Cloudy & High 87°F / Low 70°F.---- Sun: Scattered T-Storms & High 82°F / Low 71°F.---- Mon & Beyond.... For more details...Read More