Tarek Kirschen, Realtor's Blog Posts Tagged 'NAR' (4)

Miami is looking abroad for developers to revive its commercial real-estate market, counting on revenue from new projects to relieve a fiscal hangover left by the collapse of residential prices.

Asian companies are behind the two biggest commercial ventures this year. Hong Kong-based Swire Pacific Ltd. (19) got initial approval June 23 for Brickell CitiCentre, $700 million of retail, hotel, residential and office space. Genting Malaysia Berhad agreed in May to pay $236 million for the…

Under the policy changes, mortgage companies collecting payments on Federal Housing Administration (FHA)-backed loans will be required to offer 12 months of forbearance for qualified unemployed borrowers, the White House said in a release.



Out-of-work borrowers with these loans now can receive a minimum of four months without mortgage payments.



Companies participating in the administration’s Home Affordable Modification Program will also be encouraged to offer up to 12…

Fixed mortgage rates hold near yearly lows

Average rate on a 30-year loan rose slightly to 4.51%; average 15-year FRM stayed at 3.69%, says Freddie Mac. Read more.

Funding cut means more foreclosure delays

Will be less money and…

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Fewer borrowers strategically defaulting

The percentage is shrinking, but strategic defaults still account for nearly one-fifth of serious mortgage delinquencies. Read more.

Real estate pros seek a niche…