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Sep

28
2007

No More NetBank

By Glenn Roberts, Jr., Friday, September 28, 2007.
NetBank, an Internet bank based in Alpharetta, Ga., goes belly-up (see Inman News.) From the Office of Thrift Supervision: "NetBank sustained significant losses in 2006 primarily due to early payment defaults on loans sold, weak underwriting, poor documentation, a lack...  more...

Sep

27
2007

Honoring Bob Bruss

By Inman News, Thursday, September 27, 2007.
Many readers, friends and colleagues have asked for details about a memorial service for Robert Bruss. A memorial service for family and friends will be held on Wednesday, October 3 at 6 p.m. at Crosby N. Gray & Co. in...  more...

Chuck Norris vs. Credit Crunch

By Glenn Roberts, Jr., Thursday, September 27, 2007.
Bloomberg's Mark Gilbert considers the credit crunch and asks, "What would Chuck Norris do?" Gilbert notes some popular sayings about actor and martial artist Chuck Norris, such as "Guns don't kill people, Chuck Norris Kills people" ... and adds a...  more...

Downturn ad spending: Zig or zag?

By Matt Carter, Thursday, September 27, 2007.
With the latest numbers from HUD and the Census Bureau showing home sales continue to slow, will realtors, mortgage lenders and others in the industry reduce spending on online advertising and leads, or jack it up in a bid to...  more...

Title exec likes wine and cheeseburgers

By Matt Carter, Thursday, September 27, 2007.
When the going gets tough in the title insurance industry, the tough ... diversify -- into vineyards and fast food. Fidelity National Financial Chairman William P. Foley II -- who's recently been buying up vineyards around California -- has FNF...  more...

Sep

26
2007

We'll Miss You Bob

By Real Estate Coach, Wednesday, September 26, 2007.
I first remember reading Bob Bruss back in the 1980's. Those of us who were agents read his weekly Sunday column with both dread and anticipation. Would this be the week that he said something that helped us with our...  more...

Market claims NJ broker, Foxtons

By Matt Carter, Wednesday, September 26, 2007.
Foxtons -- the London-based discount real estate brokerage that in a little more than seven years grew to 500 employees serving New Jersey, New York and Connecticut -- issued a press release late Wednesday saying it was laying off 350...  more...

Majoring in foreclosures

By Matt Carter, Wednesday, September 26, 2007.
Got $375? "Dr. Dani" wants to teach you the ins and outs of foreclosures. While get rich foreclosure seminars are a dime a dozen, what's a little surprising about this one is who's offering it -- the University of California,...  more...

Pick a number: 1, 2 or 3

By Glenn Roberts, Jr., Wednesday, September 26, 2007.
There is a one-in-three probability that the nation will sink into an economic recession, according to the latest report from David F. Seiders, chief economist for the National Association of Home Builders trade association. (Not bad odds for blackjack, but...  more...

A man not easily forgotten

By Jessica Swesey, Wednesday, September 26, 2007.
Today was a difficult day at Inman News as we learned of the tragic passing of Robert Bruss, the nationally syndicated real estate columnist whom we've had the pleasure of working with for many years. Bob was as sweet as...  more...

Truth and reconciliation

By Matt Carter, Wednesday, September 26, 2007.
Channel surfing last night I stumbled on a LendingTree ad starring none other than the company's CEO, C.D. Davies. The gist of the spot was that it's a confusing time in the mortgage lending industry and that LendingTree is there...  more...

Sep

25
2007

That distant subprime cousin: How you're related

By Matt Carter, Tuesday, September 25, 2007.
Speaking of the complexity of funding mortgage loans (see previous post), Moody's Investors Service has a report out on the risk the subprime mortgage meltdown could pose to financial guaranty companies that insure mortgage-backed securities (MBS), and CDOs (collateralized debt...  more...

Subprime global perspective

By Matt Carter, Tuesday, September 25, 2007.
Want a better understanding of the global implications of the complex mechanisms that are used to fund mortgage lending today (or were used until August)? The International Monetary Fund has just published a new analysis of the potential fallout from...  more...

Leave Realtors alone -- and help a young family in need

By Jessica Swesey, Tuesday, September 25, 2007.
This is a funny video with a tragic ending. Ben Aaron Anglin, the young man featured in this video, was killed in a car accident shortly after filming this. Anglin left behind a wife and two small children. If you'd...  more...

Sep

24
2007

Hood Estate: 'The Game is to be Sold, not Told'

By Glenn Roberts, Jr., Monday, September 24, 2007.
A real estate Web site, HoodEstate.com, claims to to offer "Truth for the Street" on topics ranging from credit repair and mortgages to flips and short sales. Of course, this wisdom doesn't come cheap. The site promotes a Hood Estate...  more...
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