The Krain Blog

October 2009 - Posts

• Buyers Must Hurry to Meet Credit Deadline

  Mortgage application paperwork has to be ready to go, though short-sale purchases should be avoided to make the Nov. 30th deadline. Read more > Read More... Posted Thursday, October 22, 2009 11:17 AM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• Plan Nears on Commercial Loan Mods

  Bank regulators are seeking a way to get banks to modify real estate debt before it comes due. Read more > Read More... Posted Thursday, October 22, 2009 11:17 AM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• Congress Debating the Tax Credit

  Some lawmakers are wondering whether extension and expansion of the housing incentive make sense. Read more > Read More... Posted Thursday, October 22, 2009 11:16 AM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• Prediction: Homes Sales to Rise 11 Percent

  Mortgage Bankers Association predicts increased home sales at the lower end of the market in 2010, with prices continuing to fall into the first quarter of next year. Read more > Read More... Posted Thursday, October 22, 2009 11:16 AM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• Economists Predict Housing Recovery

  Experts believe that 2010 will be the first year since 2005 that housing will help the U.S. economy. Read more > Read More... Posted Thursday, October 22, 2009 11:15 AM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• FHFA Gets More Funding

  The Federal Housing Finance Authority is getting more money to help the organization supervise Fannie and Freddie. Read more > Read More... Posted Monday, October 12, 2009 11:43 AM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• A Historic Time to Buy

  Housing experts say buyers should be shouting from the rooftops with excitement over opportunities to invest in real estate. Read more > Read More... Posted Monday, October 12, 2009 11:42 AM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• FHA Defends Role in Recovery

  Federal Housing Administration Commissioner David Stevens says the government insurer poses little risk to taxpayers and is underwriting far more lower-risk borrowers compared to a few years ago. Read more > Read More... Posted Monday, October 12, 2009 11:42 AM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• Home Buyer Tax Credit Extension Likely

  House and Senate majority leadership favors continuation of the real estate stimulus, insiders say. Read more > Read More... Posted Monday, October 12, 2009 11:41 AM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• Banks Making Short Sales Tougher

  With the improving economy, banks are feeling less pressure to facilitate short sales. Read more Read More... Posted Monday, October 12, 2009 11:40 AM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• Housing Economists Predict Slow Growth

  Some real estate experts warn that while there will be a gradual rise in home values, buyers should consider the same risks associated with purchasing securities before acquiring property. Read more > Read More... Posted Friday, October 02, 2009 5:31 PM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• Consumer Confidence Is Down

  The Conference Board survey found that confidence slipped in September, the fourth-straight monthly decline, as unemployment concerns continue to rise. Read more > Read More... Posted Friday, October 02, 2009 5:30 PM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• Retrofitting Old Buildings For Green Savings

  The owners of the Empire State Building and the Willis Tower are making these skyscrapers more energy efficient, which means lower utility bills. Read more > Read More... Posted Friday, October 02, 2009 5:30 PM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• Which Cities Will See Biggest Rebound?

  The Wall Street Journal rated the top 10 U.S. cities to attract young adults in the recovering economy. See if your city made the list. Read more > Read More... Posted Friday, October 02, 2009 5:29 PM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• Credit Crunch Stalls Affordable Housing

  Despite high demand from buyers, federal standards have made financing for low- and middle-income housing much tougher. Read more > Read More... Posted Friday, October 02, 2009 5:29 PM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• Fed Seeks More Financial System Oversight

  Federal Reserve Chair Ben Bernanke asks Congress for more regulatory power, pushing for the creation of a council to oversee the finance industry. Read more > Read More... Posted Friday, October 02, 2009 5:27 PM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• Small Mortgage Banks Band Together

  The Community Mortgage Lenders of America and the Community Mortgage Banking Project have formed to represent and lobby for small, local lenders. Read more > Read More... Posted Friday, October 02, 2009 5:27 PM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• Guess Who's Ditching Their Mortgages

  A study of 24 million credit files found that borrowers with high credit scores are 50 percent more likely to walk away from a house and a mortgage than those with lower scores, ushering in an era of "strategic defaulters." Read more > Read More... Posted Friday, October 02, 2009 5:26 PM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• New Support for State Housing Agencies

  The U.S. Treasury is expected to announce a new program that would help fund state home-loan programs benefiting low-income buyers. Read more > Read More... Posted Friday, October 02, 2009 5:20 PM by KRAIN - Residential and Commercial Real Estate | 0 Comments