I GUESS THINGS WERE WORSE THAN WE THOUGHT … HMMMMMM! This just in …..

EXISTING U.S. HOME SALES REVISED DOWN BY 14% FROM 2007-2010
EXISTING HOME SALES REVISED DOWN BY 15% IN 2010 TO 4.19 MLN

This SHOCKING news proves — once and for all – what everyone in the know, intuitively suspected: What you see, when it comes […]

Below is a chart that cuts right through the noise and semantics, and shows that when expressed in a currency — Gold — that has not been battered and diluted endlessly, the true normalized value of housing is really down 80% not just since the housing peak but since the turn of the millennium. Median home price priced […]

As published in the WSJ this morning, in an article penned by Dan Fitzpatrick, Nick Timiraos and Ruth Simon, turns out that the largest banks are ferreting through a myriad of hurdles and potholes, when it comes to settling the various private and governmental suits (both State and Federal) — totally way north of $17 […]

Times they are a changing in the mortgage industry. As reported in a recent New York Times article, New Federal Rule for Mortgage Brokers, starting April 1, under a new compensation rule from the Federal Reserve, borrowers who get their mortgages through brokers will most likely pay less for their services and must be offered the lowest […]

This is huge news for all of us Real Estate wonks. MERS has just been struck down by a Federal Bankruptcy judge.As reported in NewsUnwrapped – a Blog written by local Baltimorean, Steve Meizlish, with the specific intent of Telling-The-Story-Behind-The-Story — we see what could be the beginnings of the unraveling of the Real Estate infrastructure as we […]

Mortgage companies want to destroy 22,500+ documents.Read the fully story.That’s a good way to get around your obligations.You can’t script this stuff …. reality is better than fiction.What do you think?

A report by the Post today discloses that Bank of America, haunted by ongoing pressure in both the robosigning/fraudclosure scandals, and demands by the likes of Pimco and the New York Fed to putback billions of paper to the bank due to misrepresentations, is rapidly trying to dump $1 billion worth of toxic paper.
Is this […]

We are now in an era of unearthing organizations that we never before focused on. One such creation is MERS (Mortgage Electronic Registration Systems).
This institution has taken center stage recently and is significant in that it actually changed the land-title system that this country - for much of its history - has relied upon to determine legal ownership […]

Bloomberg today reports that the Federal Deposit Insurance Corp. (FDIC) plans to seek bids for about $1.12 billion of commercial and residential real estate loans as part of the agencys sale of assets seized from failed banks.

The scheduled sales are composed of about:

$773 million in residential acquisition, development and construction loans
$351 million of debt related to […]

Even as August 2010 saw more Americans get foreclosed on than in any other month on record, there are growing concerns over the legality of many of those proceedings.
We at MylesTitle and MarylandCommercialTitle.com have reason to believe that the 250,000 or so people who bought their foreclosed home in Q2 2010, not to mention the millions over […]