Saturday, August 04, 2007
MAS DE 3O FIRMAS HIPOTECARIAS COLAPSARON O CERRARON SUS PUERTAS RECIENTEMENTE POR CRISIS EN LA INDUSTRIA DE BIENES RAICES
JOSE RAUL MARRERO
BROKER REAL ESTATES ASOC
LUXURY REALTY
ESPERO TENGAS UN MARAVILLOSO DIA
EN ESTOS MOMENTOS SE ESTAN PRESENTANDO SERIOS PROBLEMAS EN LA INDUSTRIA HIPOTECARIA QUE AUMENTAN LA PRESION SOBRE LA INDUSTRIA DE BIENES RAICES. LA CANTIDAD RECORD DE FLORECLOSURES ESTA TRASTOCANDO EL MERCADO EN LOS E.U. Y EN EL ESTADO DE LA FLORIDA AUN MAS.
ESTA SITUACION PROVOCA QUE LAS RESTRICCIONES Y/O PARAMETROS PARA CUALIFICAR SEAN MUCHO MAS RESTRICTAS. AL HABER MENOS ALTERNATIVAS EN EL MERCADO HIPOTECARIO LAS OPORTUNIDADES CON DIFERENTES OFERTAS SE REDUCEN CONSIDERABLEMENTE.
AHORA CUALIFICAR PARA LA COMPRA DE BIENES RAICES ES MAS DIFICIL PONIENDO PRESION A LOS VENDEDORES PARA QUE APORTEN SIGNIFICATIVAMENTE A LOS GASTOS DE CIERRE.
DEBIDO A EL ALTO INVENTARIO DE PROPIEDADES UNIDO A LA SITUACION DE LA INDUSTRIA HIPOTECARIA ESTA PROVOCANDO QUE LAS PROPIEDADES A LA VENTA ESTEN DURANDO MUCHO MAS TIEMPO EN EL MERCADO.
LAS VENTAJAS PARA LOS COMPRADORES SIGUEN AUMENTANDO CONSIDERABLEMENTE. PERSONAMENTE ESTAMOS OBSERVANDO BAJAS EN LOS PRECIOS DE LAS RESIDENCIAS Y OTRAS PROPIEDADES EN EL RANGO DE 25-30% DE EL VALOR TAZADO.
HAN MEJORADO LAS CONDICIONES FAVORABLES A LOS COMPRADORES DRAMATICAMENTE.
A CONTINUACION MAS DETALLES.
Credit crisis kills two more mortgage lenders
NEW YORK – Aug. 3, 2007 – The bankruptcy hammer came crashing down on two more mortgage giants caught in the widening credit crisis as regulators raised more warning alarms yesterday.
The latest casualty, American Home Mortgage, will close its doors today following its sudden bankruptcy filing yesterday, citing losses on shaky mortgages.
Another lender, Accredited Home Lenders, says it is buckling into bankruptcy and expects to file shortly. The firm’s collapse in the face of financial ruin over junk mortgages sent shares tumbling 52 percent, and threatened to kill its $400 million rescue sale to private equity firm Lone Star.
Meanwhile, Federal Reserve officials warned that the mortgage crisis could worsen and that its staff experts are patrolling for more cracks that could appear in the broader economy.
Federal Reserve Governor Randall Kroszner told a Senate banking panel that the overall economy hasn’t yet been clobbered, “but we’re looking very, very carefully at that.”
Kroszner and Fed nominee, Elizabeth Duke, acknowledged that mortgage problems are here to stay for a while.
“Unfortunately, I do have some experience with troubled debt, and that specific issue will probably get a lot worse before it gets better,” said Duke, a Virginia banker.
Lawmakers on the panel think Wall Street and banks face more woes than the Fed believes.
“We have been told that the problem is largely isolated and contained, but I am concerned that it may not be the case,” said Sen. Richard Shelby (R-Ala.)
Defaults are ripping through the entire mortgage bond industry at the fastest pace in years.
Investors hold about $6.5 trillion in mortgage bonds, the world’s largest such fixed-income market, says the Securities Industry Financial Markets Association.
Meanwhile, Securities and Exchange Commission chief Chris Cox said the SEC is coming up with new, more flexible accounting rule interpretations that companies and others could use to avoid declaring their mortgage securities in default.
More than 30 mortgage firms have collapsed or closed their doors in recent months over the crisis.
The nation’s largest mortgage firm, Countrywide Financial, late yesterday went public to defend its tattered image over huge losses and rising costs to insure its securities. The company said it could tap into nearly $50 billion in short-term liquidity, and also has a net worth of $14 billion.
Copyright 2007 NYP Holdings, Inc., Paul Tharp. All rights reserved
POST DATA
PARA APROVECHAR ESTAS TREMENDAS OPORTUNIDADES DE COMPRAR PUEDE LLAMAR AL 407-436-5140
JOSE RAUL MARRERO
REAL ESTATE BROKER ASOC.
TODOS SOMOS GUERREROS DE LUZ
BROKER REAL ESTATES ASOC
LUXURY REALTY
ESPERO TENGAS UN MARAVILLOSO DIA
EN ESTOS MOMENTOS SE ESTAN PRESENTANDO SERIOS PROBLEMAS EN LA INDUSTRIA HIPOTECARIA QUE AUMENTAN LA PRESION SOBRE LA INDUSTRIA DE BIENES RAICES. LA CANTIDAD RECORD DE FLORECLOSURES ESTA TRASTOCANDO EL MERCADO EN LOS E.U. Y EN EL ESTADO DE LA FLORIDA AUN MAS.
ESTA SITUACION PROVOCA QUE LAS RESTRICCIONES Y/O PARAMETROS PARA CUALIFICAR SEAN MUCHO MAS RESTRICTAS. AL HABER MENOS ALTERNATIVAS EN EL MERCADO HIPOTECARIO LAS OPORTUNIDADES CON DIFERENTES OFERTAS SE REDUCEN CONSIDERABLEMENTE.
AHORA CUALIFICAR PARA LA COMPRA DE BIENES RAICES ES MAS DIFICIL PONIENDO PRESION A LOS VENDEDORES PARA QUE APORTEN SIGNIFICATIVAMENTE A LOS GASTOS DE CIERRE.
DEBIDO A EL ALTO INVENTARIO DE PROPIEDADES UNIDO A LA SITUACION DE LA INDUSTRIA HIPOTECARIA ESTA PROVOCANDO QUE LAS PROPIEDADES A LA VENTA ESTEN DURANDO MUCHO MAS TIEMPO EN EL MERCADO.
LAS VENTAJAS PARA LOS COMPRADORES SIGUEN AUMENTANDO CONSIDERABLEMENTE. PERSONAMENTE ESTAMOS OBSERVANDO BAJAS EN LOS PRECIOS DE LAS RESIDENCIAS Y OTRAS PROPIEDADES EN EL RANGO DE 25-30% DE EL VALOR TAZADO.
HAN MEJORADO LAS CONDICIONES FAVORABLES A LOS COMPRADORES DRAMATICAMENTE.
A CONTINUACION MAS DETALLES.
Credit crisis kills two more mortgage lenders
NEW YORK – Aug. 3, 2007 – The bankruptcy hammer came crashing down on two more mortgage giants caught in the widening credit crisis as regulators raised more warning alarms yesterday.
The latest casualty, American Home Mortgage, will close its doors today following its sudden bankruptcy filing yesterday, citing losses on shaky mortgages.
Another lender, Accredited Home Lenders, says it is buckling into bankruptcy and expects to file shortly. The firm’s collapse in the face of financial ruin over junk mortgages sent shares tumbling 52 percent, and threatened to kill its $400 million rescue sale to private equity firm Lone Star.
Meanwhile, Federal Reserve officials warned that the mortgage crisis could worsen and that its staff experts are patrolling for more cracks that could appear in the broader economy.
Federal Reserve Governor Randall Kroszner told a Senate banking panel that the overall economy hasn’t yet been clobbered, “but we’re looking very, very carefully at that.”
Kroszner and Fed nominee, Elizabeth Duke, acknowledged that mortgage problems are here to stay for a while.
“Unfortunately, I do have some experience with troubled debt, and that specific issue will probably get a lot worse before it gets better,” said Duke, a Virginia banker.
Lawmakers on the panel think Wall Street and banks face more woes than the Fed believes.
“We have been told that the problem is largely isolated and contained, but I am concerned that it may not be the case,” said Sen. Richard Shelby (R-Ala.)
Defaults are ripping through the entire mortgage bond industry at the fastest pace in years.
Investors hold about $6.5 trillion in mortgage bonds, the world’s largest such fixed-income market, says the Securities Industry Financial Markets Association.
Meanwhile, Securities and Exchange Commission chief Chris Cox said the SEC is coming up with new, more flexible accounting rule interpretations that companies and others could use to avoid declaring their mortgage securities in default.
More than 30 mortgage firms have collapsed or closed their doors in recent months over the crisis.
The nation’s largest mortgage firm, Countrywide Financial, late yesterday went public to defend its tattered image over huge losses and rising costs to insure its securities. The company said it could tap into nearly $50 billion in short-term liquidity, and also has a net worth of $14 billion.
Copyright 2007 NYP Holdings, Inc., Paul Tharp. All rights reserved
POST DATA
PARA APROVECHAR ESTAS TREMENDAS OPORTUNIDADES DE COMPRAR PUEDE LLAMAR AL 407-436-5140
JOSE RAUL MARRERO
REAL ESTATE BROKER ASOC.
TODOS SOMOS GUERREROS DE LUZ
