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The Boom: Real Estate And Lending
By Robert Do Williams
The current worldwide boom in residential real estate prices is "the biggest bubble in history," according to a disturbing new report in the Economist magazine. In spite of the scams, rising prices and other factors visiting the market, there is so much demand running through every individual and business requirement, especially in the United States. It’s never a dormant market globally.
Lending and home purchase…
US real estate market which is one of the largest and the most happening has experienced one of the largest increases in home prices over the past year, with the average cost of a home rising by 12.5 percent. Surprisingly, the trend seems to be the same across several other countries of the world. Other countries have showed gains even higher than the US in the last year, with prices rising by 23.6 percent in South Africa, 19 percent in Hong Kong and over 15 percent in Spain and France.
It’s believed that the global housing market is undergoing correction and no economic recession is anticipated.
Why this global rise?
Mainly because the other forms of investments are turning out to be riskier. Experts say that the trend is expected to continue not in one but in many countries. Whether you are a businessman or an individual with anything
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else as your profession, there is at some point when you reach out to real estate requirements in the form of land, apartments, residence, villa, commercial place, etc. Owning space in prime localities is a higher investment al together. Not to say the least, small size companies in the real estate and lending businesses are making hay when the sun shines. Their credibility is questionable and of late the mushrooming of such companies has begun to take shape in the form of regional services that go serving the customized needs of individuals. But what’s their background? And how reliable are they? Global news on lending, mortgage and real estate One of the affluent media giants, The Wall Street Journal reports that investors and other mortgage buyers are starting to battle with lenders over taking back loans that borrowers are unable to repay or that contain underwriting errors. This is a reminder to beef up their underwriting criteria. Another globally relable news source The New York Times reports that mortgage fraud climbed to $1 billion last year from $429 million in 2004, with experts attributing to lenders’ dependence on brokers and appraisers push deals through. The lending industry is being scrutinized for not undertaking more due diligence, considering that it uses numerous means to identify fraudulent loans. A word of caution… As real estate or loan requirements are almost inevitable, it becomes a difficult task when seeking help. Though there is dire need, the credibility of companies has to be completely dissected before any investment is made with them. Big companies with nationwide presence can be better alternatives as reliable sources. However, there are others who are small yet render trusted results. All said, a little probing into their background before investing will result in fetching returns at a later stage. Robert Do Williams writer of real estate articles
Here are some more estate planning articles...
Costa Rica Real Estate From Toucanestate
By Roberto Bell
Toucanestate has launched the first multi-languaged real estate website of Costa Rica with a comprehensive database of property listings. Their website is suitable for anyone planning to invest in Read more...
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My Take On Silver Spring Real Estate
By Patrick Madison
I work in real estate, and I do pretty good business. People often ask me, "How do you do so well?" Well here's my secret, I've found an area that sells itself. It's no secret that Read more...
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Great-starting-ideas-for-the-new-real-estate-investor
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In his interview with me, John Paul Moses, who is the founder of our Local Memphis Investors Group, was willing to give us some tips about how to start as a real estate investor. After reading “Rich Read more...
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So-what-is-the-best-option--hud-homes-or-bank-owned-properties-
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Buying foreclosures still is a smart investment. You just have to be on a lookout for the best deal. You can choose the one that best suits your preferences from a wide offer including HUD homes, VA Read more...
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The 'D' word
opINion Online
The 'D' word
By Evan Cooper
January 7, 2009
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Accuse me of being a scaremonger, an ignoramus, a member of the pinko-commie media or any other epithet that comes to mind. But here’s my take on the current economic ...
Equity underwriting doldrums to linger
Equity underwriting doldrums to linger
By Jed Horowitz
January 7, 2009, 12:21 PM EST
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Hard times aren’t over yet for The Goldman Sachs Group Inc. and Morgan Stanley, those erstwhile investment banking powers that recently ...
REIT returns fell 37.3% in 2008
REIT returns fell 37.3% in 2008
By Janet Morrissey
January 7, 2009, 1:58 PM EST
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Real estate investment trusts wrapped up 2008 with negative returns, including dividends, of 37.3% on average, according to a report released ...
Wealthy gain confidence
Wealthy gain confidence
By Aaron Siegel
January 7, 2009, 12:45 PM EST
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Confidence among wealthy investors rebounded in December, though pessimism still lingers, according to a report from Spectrem Group.
The Spectrem ...
SIFMA adds municipal bond expert
SIFMA adds municipal bond expert
By Aaron Siegel
January 7, 2009, 12:02 PM EST
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The Securities Industry and Financial Markets Association has hired Leon J. Bijou as managing director and associate general counsel in a bid to ...
Britain to end short-sale ban Jan. 16
Britain to end short-sale ban Jan. 16
By Jeff Benjamin
January 7, 2009, 9:33 AM EST
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The United Kingdom’s ban on short selling for select financial companies will be lifted on Jan. 16, according to the Financial Services Authori...
Stressed advisers working themselves sick
Stressed advisers working themselves sick
By Aaron Siegel
January 7, 2009, 6:01 AM EST
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In addition to — or perhaps as a result of — dealing with worried clients and declining assets under management, advisers are sacrificing ...
693,000 jobs shed in December
693,000 jobs shed in December
By Evan Cooper
January 7, 2009, 10:01 AM EST
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Nonfarm private employment shrunk by a seasonally adjusted 693,000 jobs from November to December, according to a report from ADP.
The numbers are ...
693,000 jobs shed in December
693,000 jobs shed in December
By Evan Cooper
January 7, 2009, 10:01 AM EST
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Nonfarm private employment shrunk by a seasonally adjusted 693,000 jobs from November to December, according to a report from ADP.
The numbers are ...
Moody’s cuts rating on Bahrain
Moody’s cuts rating on Bahrain
By Andrew Coen
January 7, 2009, 1:35 PM EST
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Moody’s Investors Service has lowered its sovereign rating outlook on the government of Bahrain to “negative,” from “stable,” because of falling crude-...
Assets in Shariah-compliant funds fall
Assets in Shariah-compliant funds fall
By Andrew Coen
January 7, 2009, 1:02 PM EST
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Mutual funds and discretionary assets that comply with Shariah, or Islamic law, fell to $65 billion at the end of the third quarter, a figure ...
Pennsylvania commissioner seizes insurer
Pennsylvania commissioner seizes insurer
By Darla Mercado
January 7, 2009, 11:42 AM EST
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Pennsylvania’s insurance commissioner yesterday seized control of Penn Treaty Network America Insurance Co., a foundering long term care in...
Madoff suckered longtime friend
Madoff suckered longtime friend
By Aaron Siegel
January 7, 2009, 5:17 PM EST
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Just 10 days before his arrest, Bernard Madoff received $250 million from a financial backer in an apparent bid to raise cash and prevent the ...
Obama said to ask Bair to stay
Obama said to ask Bair to stay
By Aaron Siegel
January 7, 2009, 2:03 PM EST
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President-elect Barack Obama intends to retain Federal Deposit Insurance Corp. Chairman Sheila C. Bair in her post, Democratic Party officials told ...
American Century to open Hong Kong office
American Century to open Hong Kong office
By Sue Asci
January 7, 2009, 2:25 PM EST
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American Century Investments expects to open an office in Hong Kong in the next few months.
The new office is part of the Kansas City, Mo.-...
Tax status of indie contractors requires clarification
Tax status of indie contractors requires clarification
By Sara Hansard
January 7, 2009, 4:39 PM EST
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Misclassification of workers as independent contractors remains on the list of top issues that the National Taxpayer Advocate ...
SEC seeks comment on international accounting
SEC seeks comment on international accounting
January 6, 2009, 6:01 AM EST
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The SEC is asking for public input on a “road map” that could lead to the use of international financial-reporting standards by US issuers beginning in 2...
Fed minutes paint grim picture
Fed minutes paint grim picture
By Aaron Siegel
January 6, 2009, 4:37 PM EST
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Members of the Federal Reserve Board’s Open Market Committee thought that the economic outlook would “remain weak over time” and suggested that there ...
FASB panel slams FASB plan to ease fair-value
FASB panel slams FASB plan to ease fair-value
By Ronald Fink, FinancialWeek.com
January 6, 2009, 10:40 AM EST
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A Financial Accounting Standards Board advisory committee that represents investors has taken issue with a board ...
No action on insurance bill
No action on insurance bill
January 6, 2009, 6:01 AM EST
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A House-passed bill that would have modified the system of insurance agent licensing failed to get any floor time in the Senate. HR 5611 essentially would have allowed ...
Committee chairman puts 401(k)s in cross hairs
Committee chairman puts 401(k)s in cross hairs
January 6, 2009, 6:01 AM EST
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A House committee chairman has indicated his intent to push for legislation in the next Congress that would strengthen certain aspects of 401(k) regulat...
Summary prospectus gets nod
Summary prospectus gets nod
January 6, 2009, 6:01 AM EST
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The SEC recently voted to require mutual funds to provide investors with a summary prospectus. The summary will appear at the front of each prospectus and provide, in ...
Financial ed bill dies in committee
Financial ed bill dies in committee
January 6, 2009, 6:01 AM EST
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Legislation that aimed to fund financial education for high school students failed to make it out of committee. Called the Young Investor Financial Education Act, ...
Pending home sales fall to eight-year low
Pending home sales fall to eight-year low
By Janet Morrissey
January 6, 2009, 12:37 PM EST
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Rising job losses and weak consumer confidence took a toll on home sales in November.
The latest data, released today by the National ...
Hedge fund registration expected to reappear
Hedge fund registration expected to reappear
January 6, 2009, 6:01 AM EST
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The ranking Republican on the Senate Finance Committee said recently that he plans to revive legislation that would require hedge funds to register with ...
Changes made to complaint data rule
Changes made to complaint data rule
January 6, 2009, 6:01 AM EST
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The SEC has approved modifications to a rule governing the removal of complaint data from brokers’ regulatory records. Filed with the SEC by the Financial ...
BofA chief just says no to bonus
BofA chief just says no to bonus
By Andrew Coen
January 6, 2009, 5:48 PM EST
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Bank of America Corp. chief executive and chairman Kenneth Lewis is recommending that he and his leadership team forgo bonuses for last year, The ...
Long-term care tax relief a no-go
Long-term care tax relief a no-go
January 6, 2009, 6:01 AM EST
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Supporters of legislation that would create tax breaks for long-term care insurance premiums will have to wait until the next Congress. A handful of measures died ...
Feeling the pain, millionaires lose trust in advisers
Feeling the pain, millionaires lose trust in advisers
By Charles Paikert
January 6, 2009, 2:51 PM EST
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The financial crisis has taken a significant toll on the wealthy and has negatively affected their confidence in their ...
SEC enforcement measure dies
SEC enforcement measure dies
January 6, 2009, 6:01 AM EST
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The Senate failed to take up a House-passed bill that would have expanded the Securities and Exchange Commission’s enforcement authority. Among other provisions, HR 6513 ...
Annuity tax breaks go nowhere
Annuity tax breaks go nowhere
January 6, 2009, 6:01 AM EST
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Several congressional bills died in committee that sought tax breaks for investing in annuities. Among them was HR 4150, which would have given individual taxpayers an ...
Sontag in, McCann out as Merrill brokerage chief
Sontag in, McCann out as Merrill brokerage chief
By Aaron Siegel
January 6, 2009, 10:25 AM EST
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Bloomberg
Robert J. McCann
Dan Sontag has been appointed head of Merrill Lynch & Co. Inc.'s Global Wealth Management unit. He ...
Insurer Cigna to shed 1,100 employees
Insurer Cigna to shed 1,100 employees
By Darla Mercado
January 6, 2009, 12:27 PM EST
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Cigna Corp., a Philadelphia-based health insurer, has announced plans to lay off 1,100 employees — approximately 4% of its total work force.
...
Reducing AGI when self-employed
Reducing AGI when self-employed
By Michelle M. Musacchio
January 6, 2009
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Situation:
Your client wants to know whether she can contribute after Dec. 31, 2008, to a SEP-IRA set up in that year, but to which no contributions ...
Regulators approve equity index annuities rule
Regulators approve equity index annuities rule
January 6, 2009, 6:01 AM EST
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The SEC last month approved a rule that calls for equity index annuities to be regulated as securities. Approved by a 4-1 vote, the new rule ...
Ratings agencies face new regs
Ratings agencies face new regs
January 6, 2009, 6:01 AM EST
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Credit-rating agencies will be subject to new rules intended to increase the industry’s transparency and accountability. Approved by the SEC last month, the rules will ...
Short-sale comment period ends
Short-sale comment period ends
January 6, 2009, 6:01 AM EST
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Comments were due last month on an interim temporary rule that requires certain institutional investors to continue disclosing some short sales and positions until Aug...
Bull’s-eye on credit default swaps
Bull’s-eye on credit default swaps
January 6, 2009, 6:01 AM EST
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The SEC last month approved a temporary regulatory exemption pertaining to credit default swaps. In essence, the SEC exemption will allow London-based LCH Clearnet ...
BlackRock sees double-digit ’09 equity gains
BlackRock sees double-digit ’09 equity gains
By Evan Cooper
January 6, 2009, 3:41 PM EST
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The US equity market is likely to see a double-digit gain this year, while the economy shrinks by 2%.
Those are among the market and ...
HSA bill dies
HSA bill dies
January 6, 2009, 6:01 AM EST
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The Senate failed to take up a House-passed measure that would have imposed new requirements on health savings accounts. HR 5719, which focused mainly on helping low-income taxpayers ...
Arbitration bill dead
Arbitration bill dead
January 6, 2009, 6:01 AM EST
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More than 100 House members signed on to a bill that would have banned mandatory arbitration, but the measure never made it out of committee. HR 3010 would have nullified pre-...
Nest egg rules change for 2009
Nest egg rules change for 2009
January 6, 2009, 6:01 AM EST
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President Bush last month signed into law a pension bill that aims to ease the financial strain for seniors and businesses. The measure, HR 7327, includes a one-year ...
No financial help yet for care of disabled family members
No financial help yet for care of disabled family members
January 6, 2009, 6:01 AM EST
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Despite picking up the support of 105 lawmakers, a House bill died in committee that would have helped with the financial care of family ...
First Pacific managers win Morningstar award
First Pacific managers win Morningstar award
By Andrew Coen
January 6, 2009, 2:46 PM EST
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Bob Rodriguez and Thomas H. Atteberry of First Pacific Advisors LLC have won Morningstar Inc.’s “Fixed Income Manager of the Year” award ...
T. Rowe launches Strategic Income Fund
T. Rowe launches Strategic Income Fund
By Jeff Benjamin
January 6, 2009, 5:38 PM EST
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T. Rowe Price Group Inc. is banking on a growing appetite for income with its new Strategic Income Fund (PRSNX), the money management firm ...
SEC OKs muni bond disclosure changes
SEC OKs muni bond disclosure changes
January 6, 2009, 6:01 AM EST
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The SEC last month approved amendments to a rule governing municipal-securities disclosures. Under the changes, issuers will be required to submit specific ...
Interactive data tags coming for financial info
Interactive data tags coming for financial info
January 6, 2009, 6:01 AM EST
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The SEC has approved a rule to require public companies and mutual funds to use interactive data for financial information available on the Internet. ...
Input sought on gas, oil disclosures
Input sought on gas, oil disclosures
January 6, 2009, 6:01 AM EST
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Securities regulators are seeking public input on a concept release pertaining to the possible revision of oil and gas reserve disclosure requirements. ...
Fidelity taps outside talent for top posts
Fidelity taps outside talent for top posts
By Sue Asci
January 6, 2009, 10:45 AM EST
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Gary Hodges/Jon Reis Photography
Peter Cieszko
With the announcement today of two new division chiefs, Fidelity Investments is continuing a ...
BlackRock sees double-digit ’09 equity gains
BlackRock sees double-digit ’09 equity gains
By Evan Cooper
January 6, 2009, 3:41 PM EST
Post a Comment
The US equity market is likely to see a double-digit gain this year, while the economy shrinks by 2%.
Those are among the market and ...
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