No Appraisal, No Problem

Fewer loans that use real estate as collateral will need an appraisal under a new proposal. The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (FDIC) wants to increase the threshold from $250,00 to $400,000. In a news release, FDIC said […]

More and More Luxury Homes Utilizing Auctions

Real estate auctions, once used for foreclosures and distressed sellers, is moving upmarket. The number of multi-million-dollar homes being sold at auction has nearly doubled in the past year, according to real estate analysts and auction companies. Concierge Auctions, the biggest player in high-end real estate auctions, said it will sell at least 20 homes […]

Home Mortgage Delinquencies Remain Very Low

The newly released National Delinquency Survey by the Mortgage Bankers Association’s (MBA) showed that that delinquent mortgage payments were down by 41 basis points compared to a year ago. The delinquency rate for mortgage loans on one- to four-unit residential properties rose to a seasonally adjusted rate of 4.47% of all loans outstanding at the end of […]

Fall in Kentucky

Kentucky has a brilliant fall foliage season. The stunning pops of red, orange, and yellow will gradually work their way down the mountains and to the western reaches of the state, and will reach their peak this week.  Hiking and biking are two of the best ways to witness fallYs colorful displays, but scenic drives […]

Fall in Kentucky

Kentucky has a brilliant fall foliage season. The stunning pops of red, orange, and yellow will gradually work their way down the mountains and to the western reaches of the state, and will reach their peak this week.  Hiking and biking are two of the best ways to witness fallYs colorful displays, but scenic drives […]