Paige Rausch

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Commercial Real Estate Agent - Boback Commercial Group
Providing Cutting Edge Data and Information on the Evolving Real Estate Market With Occasional Commentary
RECENT BLOG POSTS
PMI Mortgage Insurance Co. (PMI) and PMI Insurance Co. (PIC) have been taken into conservatorship by the Arizona Department of Insurance.  As of June 30, PMI was unable to meet its required minimum policyholder position.  PMI announced on its website that there will not be a moratorium on claim ...
Posted over 2 years ago
HUD has approved a program aimed at putting foreclosed homes back into the hands of owner-occupant buyers.   Overview of Requriements:1.   Buyers need a down payment of only $100 to purchase a HUD-owned REO home.  (Underwriting guidelines apply, and the sale must be for the full amount of the cur...
Posted over 2 years ago
Current Economic Conditions by Federal Reserve District Real Estate and Construction All twelve Districts reported that real estate and construction activity was little changed on balance from the prior report. Residential construction remained at low levels, particularly for single-family homes...
Posted over 2 years ago
Bank of America has begun a pilot program in Florida offering extra incentive payouts to distressed homeowners who agree to and successfully close on a short sale. Incentive payments for relocation assistance range between $5,000 and $20,000. The program is being offered on a limited basis for in...
Posted over 2 years ago
The Federal Deposit Insurance Corporation requested public comment on a proposed regulation implementing the so-called "Volcker Rule" requirements of section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. That section of the Act generally prohibits two activities of banking...
Posted over 2 years ago
FICO’s latest quarterly survey of bank risk professionals offered a decidedly pessimistic outlook, reversing the growing optimism seen in late 2010 and early 2011. The survey, conducted for FICO by the Professional Risk Managers’ International Association (PRMIA), shows that bankers expect delinq...
Posted over 2 years ago
Great news.....The industry’s shadows are shrinking, according to CoreLogic's most recent report. Data Highlights: The shadow inventory of residential properties as of July 2011 fell to 1.6 million units, or 5–months’ worth of supply, down from 1.9 million units, or a 6-months’ supply, as compare...
Posted over 2 years ago
The delinquency rate on loans held in U.S. commercial mortgage-backed securities (CMBS) fell 23 basis points in August to 9.01 percent, according to Moody's Investors Service. Even with a slip in the numbers, Moody's notes that August was the eighth consecutive month that delinquencies have been...
Posted over 2 years ago
Financial institutions filed 29,558 mortgage loan fraud suspicious activity reports in the second quarter of this year, up from 15,727 last year, according to a report released Wednesday by the Financial Crimes Enforcement Network. A large majority of the MLF(Mortgage Loan Fraud) SARs(Suspicious ...
Posted over 2 years ago
The Office of the Comptroller of the Currency (OCC) is calling for independent reviews of almost 4.5 million loans. After examining 200 loans from each of 14 major servicers, regulators determined enforcement actions were necessary, but said their review was not nearly enough to answer all questi...
Posted over 2 years ago
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Paige Rausch

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Providing Cutting Edge Data and Information on the Evolving Real Estate Market With Occasional Commentary