February 13, 2013 by Greg Saunders
Gov. Nathan Deal today announced that Calpis America Inc. has selected Peachtree City for its U.S. headquarters and first manufacturing operation. The company will invest $20 million and create 42 jobs in its first year of operations.
“As the No. 1 poultry-producing state in the nation, Georgia is the ideal place for Calpis to expand in the United States,” said Deal. “International firms such as Calpis find success here not only because Georgia is one of the top markets for its products, but because the state is a hub for fast, efficient outreach to other markets in North and South America. The company’s strategic decision to locate here moves us closer to becoming the best place in the nation in which to do business.”
September 8, 2011 by Greg Saunders
Robo-signing has been around a lot longer than originally thought, and could jeopardize the legality over the deeds of tens of thousands of homes dating back more than a decade ago, the Associated Press (AP) reports.
County officials across the country are finding mortgage paperwork that were improperly notarized or signed without proper review, dating as far back as 1998, the AP has found in its analysis.
For example, in Guilford County, N.C., about 74 percent of 6,100 mortgage documents filed since 2006 were found to have questionable signatures.
July 28, 2011 by Greg Saunders
New-home sales dropped in June, but a sharp increase in prices and declining inventories may be signs the sluggish new-home market is finally showing signs of rebounding, the Commerce Department reported Tuesday.
Sales of new homes dropped 1 percent in June, reaching an annual rate of 312,000 — less than half the 700,000 rate that most economists consider healthy for the new-home sector. New-home sales fell to record lows in the Northeast and were also particularly sluggish in the West.
July 8, 2011 by Greg Saunders
The process of making purchase decisions
You’ve all been told you need to be using social media and some have even pitched to you that it is the end all be all, and although we wildly disagree and remind people it’s simply a communication channel people are coming to expect you to be on (much like when telephones were introduced, people slowly adjusted as did business). But does social media have enough of an influence over purchase decisions (like hiring a Realtor or where to buy) to demand your presence?
June 23, 2011 by Greg Saunders
The National Association of Realtors® is urging regulators to go back to the drawing board on the proposed Qualified Residential Mortgage rule.
At a news conference on Capitol Hill today, the original sponsors of the QRM provision in the Dodd-Frank Act – Sens. Johnny Isakson (R-Ga.) and Kay Hagan (D-N.C.) – joined Reps. John Campbell (R-Calif.) and Brad Sherman (D-Calif.) to urge regulators to reconsider unnecessarily high down payment requirements under the proposed QRM rule.
June 2, 2011 by Greg Saunders
For the sixth straight week, fixed mortgage rates inched down, reaching new lows for 2011. The 30-year fixed-rate mortgage averaged 4.60 percent this week while the 15-year mortgage averaged 3.78 percent, Freddie Mac reports in its weekly mortgage market survey.Meanwhile, the National Association of Home Builders reported this week that home affordability reached its highest level in 20 years, making the purchasing power for home buyers even better during this traditionally prime buying season.
Here’s a closer look at mortgage rates:
May 19, 2011 by Greg Saunders
Although the 2,314-page Dodd-Frank Wall Street Reform and Consumer Protection Act signed into law last year doesn’t affect real estate brokers and agents as much as, say, mortgage originators, it does have some significant implications for the industry, said Phillip Schulman, a partner at the Washington, D.C. law firm K&L Gates LLP.
In his remarks at the Real Estate Services Forum Thursday during the REALTORS® Midyear Legislative Meetings, Schulman told attendees that the mortgage lending sector was targeted by many of the bill’s provisions.
April 22, 2011 by Greg Saunders
Last year was a rather volatile one for the economy. While the economy did improve, unemployment remained at elevated levels. Housing affordability was at record levels and mortgage rates extremely favorable for homebuying – but even some qualified borrowers had challenges in obtaining mortgages. Inflation remained tame, but consumer confidence still struggled to improve.
2010 was a volatile year for foreclosures as well. Last year around this time we examined the question of shadow inventory. We noted then that shadow inventory could be defined in a number of ways. Some consider all loans with at least one missed payment as part of shadow inventory while others account for cures through modifications and short sales in determining shadow inventory. In terms of foreclosures, things appeared quite dismal last March. So, is the worst behind us?
April 8, 2011 by Greg Saunders
March 15, 2011 by Greg Saunders
Greetings folks, awhile back I wrote a blog that featured John Paulson and his rationale for taking the plunge back into the housing market. Paulson cites inflation as the precipitator for his logic. Well to be honest, most thought he was delusional. But there may be more to this chaotic thinking than we had anticipated. However, I can assure you of one thing….inflation is not the only reason to risk heading back into housing market. Let’s examine this concept further.