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- Thursday, 2 Jul 2009 2:30 PM ETBy: Diana OlickGovernment officials claim the refi plan has been extremely successful, far moreso, they admit, than the modification program. But clearly it wasn't doing enough, or they wouldn't have widened the parameters of elligibility. » Read more
- Wednesday, 1 Jul 2009 3:37 PM ETBy: Diana Olick
That's right, your loan can be a full 25 percent more than the current value of your home, and Fannie and Freddie will gladly buy and/or back your new refi. » Read more - Tuesday, 30 Jun 2009 3:50 PM ETBy: Diana Olick
A lot of folks are parsing the latest S&P Case Shiller home price report out today, and debating whether some month-to-month increases are proof of home price stabilization nationwide. I frankly think it’s impossible to say anything nationwide, because a lot of different markets are reacting very differently. That may seem an incredibly prosaic thing to say, but I think an awful lot of smart folks often lose sight of that. » Read more - Friday, 26 Jun 2009 2:55 PM ETBy: Diana OlickAn interesting aside in the interview I did today with Michael Barr, the Treasury Department’s Asst. Secretary for Financial Institutions. Barr is the architect of the Administration’s Making Home Affordable program, i.e. the housing bailout, and this was his first on-camera interview since he was sworn in as a Treasury official. » Read more
- Thursday, 25 Jun 2009 9:32 AM ETBy: Diana OlickI received the following email from Jeff in San Diego and was so struck by how reasonable, matter-of-fact and truly troubling it is. I know it's California, but I believe it's an example of a spreading trend nationwide... » Read more
- Wednesday, 24 Jun 2009 3:34 PM ETBy: Diana OlickHundreds of mortgage industry representatives, from small and large shops, sent in stories of botched appraisals, of allegedly negligent appraisal management companies, and of lost deals that are so necessary to recovery in this fragile housing market. » Read more
- Tuesday, 23 Jun 2009 2:54 PM ETBy: Diana Olick
Many home sales are falling apart at the last minute because "appraisals are coming in unrealistically low,” says NAR Chief Economist Lawrence Yun. » Read more - Monday, 22 Jun 2009 4:13 PM ETBy: Diana OlickToday the Mortgage Bankers Association put out a revision in its 2009 originations forecast. A big revision. A $700 billion revision. » Read more
ABOUT REALTY CHECK
Realty Check takes you from the housing boom to bust and beyond. Led by Diana Olick, we were here when the house came crashing down and we have the singular expertise to explain how it will be rebuilt. The goal of this blog is to bring the market, the rescue plans, the politics and the pontification home to you, with clear concise explanations of the wildly complicated issues in all facets of real estate today and tomorrow. Realty Check is read by leaders in the real estate industry: Investors, Realtors, Big builder CEOs, Mortgage Bankers, Wall Street Analysts and Administration Officials to name a few.
BIO
Diana Olick is an Emmy Award winning journalist, currently serving as CNBC's real estate correspondent. She also contributes real estate expertise to The Today Show and NBC Nightly News with Brian Williams (Read full bio here).
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