In the current housing market, there are plenty of people who are looking to avoid foreclosure on their family home. There is an ongoing subprime mortgage crisis going on, thanks to the bursting of the United States housing bubble in 2006. Prior to the bubble bursting, many home buyers had…
Three of the five largest mortgage lenders in the District of Columbia are mortgage banking firms rather than savings and loan associations, a Washington Post computer analysis shows. In terms of the number of mortgage loans made in the city over the past three years, Colonial Mortgage Service Associates, Inc.,…
Last week’s column noted how a mortgage banker like Dominion Bankshares Mortgage Corp. (DBMC) of Virginia, in an effort to build a portfolio of as many mortgage loans as possible and earn fees for servicing them, concentrates on originating loans and selling them quickly — either to a broker who…
Credit standards that consumers must meet to get a mortgage are expected to stiffen over the next few months as mortgage lenders act to shore up the reputation of the American home mortgage in national and international capital markets.For the past several years, securities backed by mortgages have sold well…
Real estate funds don’t invest in bomb shelters but, just the same, they do offer some degree of protection against stock market shocks. Both before and after Sept. 11, bricks and mortar plays have been holding up better than diversified equity funds.The average real estate fund has returned 12.4 per…
To sell real estate a person must hold a current Certificate of Approval. To get the certificate they must complete the salesperson’s course or a recognised degree in property sales.The salesperson’s course is part one of the four-part National Certificate in Real Estate. The salesperson’s course covers the structure of…
It took Oscar Belaiche a year to sell close to $ 500 million in real estate in his old job. In his new one, he could move that much in a week.He was the real estate executive in charge of selling the massive Prudential Insurance Co. of America portfolio of…