Jacksonville Real Estate Market

Jacksonville, Florida

Mortgage Reform: Let the Games Begin

As expected, the fight over the fate of Fannie Mae and Freddie Mac is now heating up on Capitol Hill. Later today House Republicans are expected to introduce a bill from GOP Conference Chairman Jeb Hensarling that would wind down the two government spo…

Credit Crunch Has Home Builders Sleepless in Seattle

The only thing more cold and gloomy than my pre-dawn live shot here in Seattle this morning was the February housing report from the Department of Commerce.

Investor Safe Haven: Apartment REITs

With all the turmoil and unknown in the markets, investors today may be searching for a safe-haven. U.S. real estate wouldn’t exactly sit at the top of the list for most, given the still uncertain state of the housing and credit markets, but there is o…

How Catastrophe in Japan Could Affect US Mortgage Rates

According to the Fannie Mae 30-Yr MBS, mortgage rates are lower by about 5 basis points, thanks to the rally in US Treasurys which produced a drop in yields.

Spring Realty Check: Condo "Collusion" in Miami?

Condo sales in Miami were up 134 percent in January year-over-year, according to the Miami Association of Realtors. That’s not a typo.

Paperwork Issues Still Stall Foreclosures

Despite the fact that banks claim they are ramping up repossessions again and refiling foreclosure documents, the numbers don’t appear to prove that. Foreclosure filings fell 14 percent in February month to month and fell 27 percent year over year. Tha…

JPMorgan Fights Back on Forced Principal Forgiveness

It’s not like we didn’t already know the banks were opposed to forgiving principal on troubled loans, even though they claim they are doing a little of that now. But today CNBC’s Melissa Francis got an earful from JPMorgan Chase’s Charlie Scharf, CEO o…

More Borrowers Underwater: Why We Should Care

Falling home prices at the turn of the year pushed more borrowers into a negative equity position, meaning they owe more on their mortgages than their homes are worth. In Q4, 23 percent of borrowers nationwide, or 11.1 million, were holding “underwater…

Protesters Ream State AGs over Foreclosure Settlement

There is no multi-billion dollar fund or penalty and there is no word from Federal Regulators as to how the banks will ultimately “fix” the foreclosure paperwork issues…But a meeting here in DC of the fifty state attorneys general was too good to pas…

Government’s Mortgage Bailout Under Attack

Today House Republicans will take up arms against a sea of government housing bailouts, voting to abolish the Federal Housing Authority’s $14B Short Refi program and the $1B Emergency Mortgage Relief Program.

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