Carrie B. Reyes | firsttuesday Journal

Banks forgive phantom debt, homeowners face tax consequences

Posted by Carrie B. Reyes | Oct 15, 2012 | Laws and Regulations, Reader Polls, Real Estate |

Do you think banks forgiving the second lien mortgage debt of some homeowners will help these...

Who will break the National Bank Settlement rules first?

Posted by Carrie B. Reyes | Oct 5, 2012 | Reader Polls, Real Estate |

The National Mortgage Settlement monitor, Joseph A. Smith, is beginning to exercise his powers by implementing…

Frannie buy-back risk lessened, sort of

Posted by Carrie B. Reyes | Sep 27, 2012 | Finance, Real Estate |

Fannie Mae and Freddie Mac (Frannie) have answered the cry of lenders to reduce the risk of buy-backs. Buy-backs, also known as put-backs, occur when Frannie requires the lender to repurchase a loan it made which contains underwriting flaws.

Under recently revised Frannie rules, buy-backs on loans originated on and after January 1, 2013 will have…

Where have all the houses gone?

Posted by Carrie B. Reyes | Sep 27, 2012 | Feature Articles, Real Estate |

Why can’t I find homes for my buyer-occupant clients? Will low housing inventory pull us out of the recovery? Part II of an article series discussing the housing recovery’s prescription: buyer occupant demand.

Are buyers ready to buy?

Posted by Carrie B. Reyes | Sep 27, 2012 | Feature Articles, Real Estate |

The housing market, as with all open markets, is driven by demand – so why is everyone stuck on supply? Part I of an article series on the prescription for the housing recovery: buyer occupant demand.