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The Federal Deposit Insurance Corp. announced on Friday that it wants the Bush administration to provide incentives for lenders for 2.2 million loans. We believe this is a good thing for national and local markets.
The federal government would pay $1,000 for each loan modified to defray an investor/bankers expenses, and also agree to cover up to 50% of losses if a loan should re-default.
Assuming one in three modified loans were…
We publish a lot of information on the Internet to publicize our business like any web savvy realtor and to inform consumers about ongoing real estate trends, tools and processes. One of the sites that we utilize for these purposes is a web site called Squidoo – it’s a wonderful site with “Lenses” (web pages) about any topic under the sun.
Each “Lensmaster” like us also has the opportunity to donate some…
It’s rather odd, but a great deal of what is going on in the Las Vegas Real Estate market is being driven by local and national banks. Lawmakers back in Washington D.C. today hammered on a large group of bank executives about what they are doing with the billions of dollars they’ve received from the federal government.
Carrot and Stick Routine
We saw the basic governmental carrot and stick routine –…