Sengdao Vongruksukdi's Blog

This is a Associated Press story about the effects of the housing crash on normal. previously safe and stable....middle class neighborhoods. Don't be mistaken, what you are about to read is happening in all price ranges across the US. In our adopted home town of Las Vegas its common to see homes ...

What is a  HUD 203k Mortgage? Its the perfect home loan for anyone who wants to buy a fixer-up home and doesn't have a lot of upfront cash. With an over-abundance of REOs hitting the market there is a huge opportunity to buy a home at a deep discount. Smart buyers look for the proverbial ‘Diamond...

THIS JUST IN: Loan brokers are starting to get a glimpse of their new wholesale contracts and the early reviews aren't good. One broker who works the mid-Atlantic market said he has reviewed three contracts so far (one from CitiMortgage) and the most he can make on any loan is 2% with a $7,000 ma...

Are mortgage loan modifications really working?...Well, no. Matter of fact, it appears that the Obama Administrations HAMP program (major element of HAMP being loan mods) may be canceled very soon. In this CNBC video a Wells/ Fargo describes how their loan modifications work...or don't work. What...

In case you missed it...this was a rather busy week for real estate news. It takes a studied approach to find the good news buried deeply within all this week's bad news. In this article you will read about the rather dramatic fall off of new construction....builders are doing a tiny percent of t...

As part of Marathon Asset Management's focus on commercial real estate related debt opportunities, the credit asset management company closed a new investment to acquire a distressed retail center. Marathon Asset Management, a corporate, structured, and real estate credit investment manager based...

A new estimate by the Gwent Group found that real estate auctions accounted for $74.8 billion in sales during 2010. By including personal properties, auctions surpassed more than $284 billion in 2010. The overall figures include live sales, government sales, estate and private "boardroom" sales, ...

Freddie Mac late Thursday said Donald J. Bisenius, executive vice president of its single-family credit guarantee business, received a 'Wells Notice,' which means the Securities and Exchange Commission is considering filing civil charges against him. The Wells notice stems from an SEC inquiry dat...

Origination services and technology at Lender Processing Services showed annual and quarterly revenue gains in the fourth quarter of 2010. But its corresponding business in the mortgage servicing and default arenas closed out the year with quarterly declines, according to recent regulatory filing...

Late this week rumors were floating around Washington that the final 'qualified residential mortgage' test rule might be released (unleashed?) in a matter of days. But apparently there's a hang up and mortgage lobbyists say it's FDIC chief Sheila Bair who is still insisting that servicing standar...