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The Road to Recovery

Ralph — Fri, 08 Jun 2012 23:10:13 +0000

The road to America’s financial and economic recovery is littered with ideal and practical “fixes” by both parties (and outliers) all of which presume to cure the patient. However, this cacophony of disparate ideas hides a much more serious philosophical issue. For the first time in our history America seems to have lost its way. We have put aside, to ...

The Road to Recovery written by Ralph at Mortgage Banking Real Estate Consulting Darach Advisors

Victor Lee Joins Darach Advisors West Coast Office

Scott Schaefer — Fri, 08 Jun 2012 22:51:02 +0000

Victor N. Lee, a successful investment banker for 30 years, has joined Darach Property Advisors as General Manager of the firm’s West Coast Office in Los Angeles. After he earned an MBA from Stanford, Mr. Lee began his banking career with EF Hutton in Los Angeles followed by Drexel Burnham Lambert and Paine Webber. He was the banker for housing ...

Victor Lee Joins Darach Advisors West Coast Office written by Scott Schaefer at Mortgage Banking Real Estate Consulting Darach Advisors

Overdue Home Mortgage Rules Revisions Delayed Again

Ralph — Fri, 08 Jun 2012 21:58:57 +0000

Home mortgage rules have been delayed again in Congress. The 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act financial overall statute requires home mortgage lenders to create “conforming” or “qualified” home loans if they want to access federal government guarantees. The US home mortgage market is a $13.3 trillion asset class and is able to provide home loans consistently ...

Overdue Home Mortgage Rules Revisions Delayed Again written by Ralph at Mortgage Banking Real Estate Consulting Darach Advisors

FHA 223A7 Streamlined Refinance Program Expanded By HUD

Scott Schaefer — Tue, 29 May 2012 20:58:46 +0000

The Department of Housing and Urban Development (HUD), has announced it is expanding the FHA 223A7 Streamlined Refinance Program. With this expansion of the FHA 223A7 Streamlined Refinance Program, all existing FHA 200 Series Loans are now all eligible for FHA 223A7 Streamlined Refinancing. Existing loans in these FHA 200 Series Programs are included: FHA 221D3 Multifamily Construction Loans FHA 221D4 ...

FHA 223A7 Streamlined Refinance Program Expanded By HUD written by Scott Schaefer at Mortgage Banking Real Estate Consulting Darach Advisors

Urban Land Institute Survey Indicates Housing Starts To Double By 2014

Scott Schaefer — Mon, 02 Apr 2012 15:03:56 +0000

Real estate economists and analysts are expecting significant turnaround in the national economy and the real estate market within the next three years, according to a new survey by the Urban Land Institute. ULI released the first edition of the semi-annual study – the ULI Real Estate Consensus Forecast – on Wednesday, with the results indicating positive feelings across the ...

Urban Land Institute Survey Indicates Housing Starts To Double By 2014 written by Scott Schaefer at Mortgage Banking Real Estate Consulting Darach Advisors

Housing Market Research Phoenix-Mesa-Scottsdale AZ

Scott Schaefer — Mon, 26 Mar 2012 07:24:54 +0000

Summary The economy in the Phoenix-Mesa-Scottsdale HMA is primarily based on the trade, professional and business services, government, and education and health services sectors. The leading employers include Bashas’ Inc., US Airways, and Banner Health System. After several years of strong growth in the mid-2000s, nonfarm payrolls began to decline in 2008. During the 12 months ending March 2010, nonfarm payrolls declined by 7.1 percent, or by 130,900 jobs, to 1,921,000 ...

Housing Market Research Phoenix-Mesa-Scottsdale AZ written by Scott Schaefer at Mortgage Banking Real Estate Consulting Darach Advisors

Looming Boom Texas Through 2030

Scott Schaefer — Thu, 22 Mar 2012 15:08:49 +0000

Looming Boom Texas Through 2030 written by Scott Schaefer at Mortgage Banking Real Estate Consulting Darach Advisors

Electoral College Two-Step

Ralph — Thu, 15 Mar 2012 12:43:06 +0000

The Electoral College elects Presidents not popular vote. It was written this way in the Constitution so large popular turnouts don’t create a “tyranny of the majority.” Whichever party loses a close presidential election always rails against the Electoral College but the Congress is clearly not going to pass a constitutional amendment against it. Anyway, when thinking about the upcoming ...

Electoral College Two-Step written by Ralph at Mortgage Banking Real Estate Consulting Darach Advisors

As American as Apple Pie

Ralph — Mon, 05 Mar 2012 17:54:26 +0000

As American as apple pie. A great expression but I always wondered, why apples? Yes, apples have been around for thousands of years. The Greeks had the Golden Apple as a prize for a race, and the Vikings believed the goddess Iöunn gave apples to gods in Valhalla. But why is the apple associated so strongly with America like Mom ...

As American as Apple Pie written by Ralph at Mortgage Banking Real Estate Consulting Darach Advisors

Texas Housing Starts Rise Houston Housing Starts Lead

Ralph — Mon, 05 Mar 2012 17:17:08 +0000

It is not news that the Texas real estate market leads the nation in recovery. Part is due of course to strong job growth but Texas also acts as a magnet attracting businesses and new citizens because of pro-business policies and the absence of state income taxes. Housing starts are a leading indicator of a recovering market and Texas represents ...

Texas Housing Starts Rise Houston Housing Starts Lead written by Ralph at Mortgage Banking Real Estate Consulting Darach Advisors