Today??™s News at a Glance
Click here for a summary of today’s news.
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Q & A: How Many Supers Must a Building Have?
Is there a requirement that a co-op with almost 400 units have two live-in superintendents so that we have full-time coverage?
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Are Collateralized Loans Going To Blow Up The Economy
The great housing boom over the past few years was funded by low interest rates and the use of collateralized debt obligations (CDO). These CDO’s allowed the velocity of money to be applied to the housing market and created a bubble of available cash. Since housing prices were soaring, lenders were eager to use this [...]
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Shackprices Sheds the Shack
Shackprices, the Seattle based real estate search site, has relaunched itself under a new banner, now calling itself Estately (a much more dignified name, if you ask me). John Cook reports that the name change was prompted by a desire “to move away from the word ’shack’.”The company, which is a licensed broker with the [...]
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Group unveils plan to form West Boca Chamber of Commerce
West Boca area has grown into 'community unto its own'
The suburban area west of Boca Raton is maturing and its newly created chamber of commerce speaks to that, business owners say.
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Bank regulators finalize mortgage rules (AP)
AP - Banking regulators on Friday completed guidelines that call on lenders to strictly evaluate borrowers' ability to repay home loans.
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Regulators tighten subprime lending rules (Reuters)
Reuters - Bank regulators tightened standards for mortgage lending on Friday in a bid to curtail risky practices that have been blamed for a record level of foreclosures.
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Tax system doesn’t encourage the sale of real estate
The current property tax program, as it exists, and as it is proposed, is essentially unfair. The playing field is not an even one.
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Beazer Fires Chief Accountant Amid Probe of Mortgage Unit
The homebuilder axed Michael T. Rand for trying to destroy documents as the company faces a federal investigation.
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How to Generate Positive PR This Fourth of July
By Ralph Roberts RISMEDIA, June 29, 2007–If you are like most Realtors, you plan on taking a little break this Fourth of July to celebrate with family and perhaps even mingle with fellow residents of your community. However, you could be missing out on a tremendous marketing opportunity. While local stores are stocking up on [...]
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