Archive for June, 2005
Big Banks and Congress’ impending legislation Part IV
Is 3 times the charm for Congress and the House of Reps to finally get their point across that national banks should be barred from taking over local real estate related businesses which in their view would result in overall loss of consumer protections? There is already a precedence for this with consolidation occurring in […]
No commentsBig Banks and Congress’ impending legislation Part III
History repeats itself. For 3 years, Congress has denied banking conglomerates request to manage and sell realty under the 1999 Gramm-Leach-Bliley Act. In a nutshell this act serves to protect the financial privacy of consumers. However there is a fear that if banks were allowed to continue offering a full suite of services– including real […]
No commentsBig Banks and Congress’ impending legislation Part II
According to realtor.org, it’s been 4 years runnings where the house of Reps have cosponsored new rules that would forever change the face of big banking and their real estate property management and brokerage activities. In other words, the big banks and conglomerates would be prohibited from touching those two functions. Already 231 House members […]
No commentsBank Owned Homes, Not Like They Used to Be?
It seems like Congress is trying to pull the brakes on banks selling foreclosure homes to the public. The banks defense? Real estate is just another financial activity under an umbrella of other financial management services. Will Congress buy it? Well the picture doesn’t seem too rosy nowadays. It remains to be seen whether bank […]
No commentsMilwaukee Investment Properties Soaring, Other Counties in Wi doing well.
If you live in Wisconsin, chances are you are seeing a dramatic increase in Milwaukee investment property activity in the surrounding areas. People are scrambling to grab up the latest piece of foreclosure or investment property and the demand seems to be outstripping the supply at least for the moment. There are some interesting statistics […]
No commentsMore foreclosure ‘Rescue’ Scams
I came upon this article today, and let me tell you, it seems like whenever something has to do with money, nothing in this world is sacred. Knowing full well that with stagnating salaries, and rising real estate costs nationwide, one little shift in a homeowner’s life such as divorce or bankruptcy, etc, can lead […]
No commentsForeclosure rates are surging across the U.S.
The successive presidential administrations have pushed hard for home ownership. However even though the intent has been well-meaning, it may be somehow related to the increasing real estate foreclosure statistics looming by several housing survey accounts in the United States. Many individuals who may not be ready for home ownership have been encouraged by […]
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