The Road to Recovery
The road to America’s financial and economic recovery is littered with ideal and practical “fixes” by both parties (and outliers) all of which presume to cure the patient. However, this cacophony of disparate ideas hides a much more serious philosophical issue. For the first time in our history America seems to have lost its way. We have put aside, to …
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Victor Lee Joins Darach Advisors West Coast Office
Victor N. Lee, a successful investment banker for 30 years, has joined Darach Property Advisors as General Manager of the firm’s West Coast Office in Los Angeles. After he earned an MBA from Stanford, Mr. Lee began his banking career with EF Hutton in Los Angeles followed by Drexel Burnham Lambert and Paine Webber. He was the banker for housing …
Read MoreOverdue Home Mortgage Rules Revisions Delayed Again
Home mortgage rules have been delayed again in Congress. The 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act financial overall statute requires home mortgage lenders to create “conforming” or “qualified” home loans if they want to access federal government guarantees. The US home mortgage market is a $13.3 trillion asset class and is able to provide home loans consistently …
Read MoreFHA 223A7 Streamlined Refinance Program Expanded By HUD
The Department of Housing and Urban Development (HUD), has announced it is expanding the FHA 223A7 Streamlined Refinance Program. With this expansion of the FHA 223A7 Streamlined Refinance Program, all existing FHA 200 Series Loans are now all eligible for FHA 223A7 Streamlined Refinancing. Existing loans in these FHA 200 Series Programs are included: FHA 221D3 Multifamily Construction Loans FHA 221D4 …
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Urban Land Institute Survey Indicates Housing Starts To Double By 2014
Real estate economists and analysts are expecting significant turnaround in the national economy and the real estate market within the next three years, according to a new survey by the Urban Land Institute. ULI released the first edition of the semi-annual study – the ULI Real Estate Consensus Forecast – on Wednesday, with the results indicating positive feelings across the …
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Electoral College Two-Step
The Electoral College elects Presidents not popular vote. It was written this way in the Constitution so large popular turnouts don’t create a “tyranny of the majority.” Whichever party loses a close presidential election always rails against the Electoral College but the Congress is clearly not going to pass a constitutional amendment against it. Anyway, when thinking about the upcoming …
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