Tag Archives: 2008 financial crisis

97%+ Loan-To-Value Mortgage Loans: It’s Deja Vu’ All Over Again!

residential mortgage,mortgage underwriting,Fannie Mae,RMBS

Residential mortgage-backed securities (RMBS) stuffed with sub-prime “liar loans’ were at ground zero of the 2008 financial crisis and, guess what… They’re Ba-ack! Not stated loans per se but in a new program from Fannie Mae called HomeReady Mortgages, 97%-plus Loan-to-Value loans become possible ‘based not on the borrowers income (which is too low) but on “non-borrowers” […]

Derivatives 101: Great Financial Tool Or Sinister Financial Time Bomb?

derivatives,wall street,banks

Derivatives…Derivatives? D-E-R-I-V-A-T-I-V-E-S! Most if not everyone who reads this article has heard the term derivatives at some point in time. And when they have, it’s likely been in the context of how these financial instruments that are not typically seen and not really understood by the masses are actually fiscal time bombs that, if ever detonated, could bring […]

Where In The U.S. Is The Housing Recovery Still On Track? (Interactive Map)

Dashboard 1

Courtesy of BuzzBuzzHome.com, the interactive map in this article shows those areas of the country where the housing recovery remains intact and those areas where it may be struggling! The paragraphs below will help the reader decipher what the statistics mean when they are hovering over an area of the country that they are interested […]

Will banks pull out of the mortgage market?

title insurance New York

(This article also appears at Global Economic Intersection here) And if they do will this present greater opportunities for the mortgage banks specializing in loan origination as some of their traditional competition suddenly fades away? The $100 billion question then is whether the proverbial mortgage origination sky is falling and if so whether it is […]

Why insist on a national title insurance underwriter for your real estate transaction?

Hallmark Abstract Service LLC

Why should a buyer of commercial or residential real estate, or an owner refinancing an existing mortgage, insist that the title insurance underwriter that’s used for their transaction be national in scope? Let me answer that question by referencing the first job that I had out of business school as a municipal bond analyst for […]

An anniversary of sorts in the CRE mortgage market!

Introduction At Hallmark Abstract Service we attempt to provide clients with information they hopefully find timely and useful that they potentially may be able to share with their own clients. With that in mind, we wanted to offer an overview of commercial real estate mortgages and some of the issues surrounding what for many buyers is […]