Speaking recently at the Mortgage Bankers Association conference in Las Vegas, Timothy J. Mayopoulos, President and CEO of Fannie Mae announced the GSE will again be offering a 97 percent LTV product to all of their customers. price of cialis … Continue reading →
Tenancy in Common Each tenant has an individual, simultaneous, undivided ownership interest (percentage) in the property; Each tenant has the right to alienate, mortgage or transfer his/her ownership interest; Tenants in common may hold unequal interests; No right of survivorship. Although … Continue reading →
Investment in the Russian commercial real estate market (both foreign and domestic) totaled $3.7 billion during the first three quarters of 2014, according to World Property Journal (citing data from Cushman and Wakefield). Of this amount, $3.4 billion (92 percent) … Continue reading →
A proposed pied-à-terre tax in New York aims to raise $665 million by requiring part-time or non-resident New York property owners to pay a 0.5 percent tax on housing valued at greater than $5 million. The tax rises incrementally to … Continue reading →
The pro-democracy protests in Hong Kong are taking a toll on the city’s real estate and retail sectors. Shares of Sun Hung Kai Properties Ltd. – the city’s largest property developer – have dropped by 5.4 percent over the past … Continue reading →
Since September 25, 2009, housing prices have increased about 18 percent with most of the gain taking place in 2013 and later, according to Anthony Fernandez, writing for Seeking Alpha. Fernandez proposes that the increase in housing prices was This … Continue reading →
Bank of America Corp. will pay almost $17 billion to settle with the US Department of Justice and bring to a close a number of investigations related to mortgage lending and packaging before and during the Great Recession. The $17 … Continue reading →
Involuntary conversion – destruction or loss of the property through casualty, theft or condemnation action pursuant to government powers of eminent domain, and the resulting compensation from such destruction or condemnation; Understanding the Cause While developing an in-depth knowledge of … Continue reading →
The Wilkes Company and Quadrangle Development Corp. recently purchased two parcels on Third Street NW from the District of Columbia for $3.74 million. The developers intend to build a 350,000sf (324 unit) residential building (The Cantata) with a retail component and … Continue reading →
The strength of a country’s currency is affected by the following factors: Global economic and political conditions; Monetary policy/fiscal discipline (i.e. interest rates); Domestic political factors/rule of law; Supply and demand for the currency; The country’s past reputation for economic … Continue reading →