Real Estate News – June 26, 2012



Former Royal Bank of Canada and Bank of America Corp. proprietary traders plan to start a mortgage hedge fund at New York-based Tandem Global Management LP next month, joining at least half-a-dozen money managers wagering that home-loan bonds will rise in value (via Businessweek.com): http://ow.ly/bQKH0


Housing prices rose in most of the country in April, as record low mortgage rates and some of the cheapest housing prices in decades spurred some long-desired home sales, while consumer confidence dropped in June for the fourth straight month as fewer consumers predicted the economy will pick up later this year (via USAToday.com): http://ow.ly/bQKKG


Stockton, the California city with the second-highest foreclosure rate in the nation, is facing a moment of decision on whether to become the biggest American city to file for bankruptcy (via SFGate.com): http://ow.ly/bQKNw


A bill winding its way through Congress has the potential to more than double flood insurance premiums over the next four years for owners of vacation homes and commercial properties in flood-prone areas (via REALTORMag): http://ow.ly/bQKQq


FHFA Tries to Halt Real Estate Transfer Taxes (via REALTORMag): http://ow.ly/bQKW4


Foreclosure, Deficiency Judgments and the Perils of Anti-Deficiency Statutes (via Forbes.com): http://ow.ly/bQL2I



 

Posted in Blog, Real Estate Law