May 22, 2013
Homes in the Las Vegas area sold at the fastest pace for an April in seven years due, in large, to investor and cash buying nearing record levels. Sales in the $200,000-to-$500,000 range in the Sin City picked up 81% from one-year prior.
...What started off as a quiet list that was supposed to be sent to a couple dealers spread like wildfire around bond investors. The forthcoming CDO deal is being offered in a large $8.7 billion list comprised of five all-or-none packages.
...Lender Flagstar Bancorp is reportedly considering the sale of $70 billion in mortgage servicing rights.
http://www.bloomberg.com/news/2013-05-22/flagstar-bancorp-said-to-weigh-sale-of-mortgage-servicing-rights.html...Waypoint Homes Realty Trust filed with the SEC to raise up to $100 million in an IPO.
"Investors that want to participate in a U.S. housing market recovery can get involved in the rental market without having to deal with the hassles of the actual property management."
Michael Santoli, senior columnist for Yahoo! Finance, says the housing recovery seems to have a new leg based on a scarcity of supply coupled with low interest rates and growing demand.
...http://finance.yahoo.com/blogs/daily-ticker/housing-recovery-legs-michael-santoli-154117250.htmlForeclosures in Dallas-Fort Worth plummeted almost 40% in the first six month of 2013 when compared to year ago levels.
...http://www.dallasnews.com/business/residential-real-estate/20130521-d-fw-home-foreclosure-postings-down-almost-40-percent-so-far-in-2013.eceThe May Federal Open Market Committee meeting minutes reveal a number of participants are willing to put the breaks on quantitative easing.
The Office of the Comptroller of the Currency released a bulletin Wednesday asking national banks and federal savings associations to aid financial institutions located in areas impacted by extreme weather. The push for aid also applies to the banks' clients.
...The recession hit homebuying in the Maryland shore area, which actually increased competition in the rental market, but that may be about to change, according to CNBC.
...http://realestate.aol.com/blog/2013/05/21/vacation-home-sales-rentals/