Two banks that have begun to demonstrate the tell-tale stress signs of banks that banks who eventually are closed by the Fed typically demonstrate; Four Oaks Bank & Gateway Bank (Hampton Road Bank). Both Banks are sustaining significant losses in …

Two Raleigh Area Banks on the ropes Read more »

About the only thing I call myself an expert in these days is Mortgage Banking but when I see investors willing to lay out $55 Million to build luxury apartments in Raleigh, well that tells me they think that there is a …

Experts predict rents will rise rapidly in Raleigh Read more »

As if we needed another reason to be optimistic about the economy and overall health of things to come in Raleigh / Cary North Carolina, yet we keep getting reports like this; HCL’s Cary center adding 200 employees Triangle Business Journal …

HCL’s Cary center adding 200 employees Read more »

FHA – Requires terms of withdrawal on all 401K funds that are provided even if the funds are not being used or withdrawn at closing. Generally these terms are available for download from an HR Web Portal.  Persons employed by …

Underwriting Tip – Verification of 401(k) funds Read more »

Unlike Scotty however, most people although they have heard the term SHORT SALE they really don’t know what the term means so here is a very basic explanation that I tried out on Bella (my six year old daughter) and although it bored her to tears, even she understood it.

Because of the recent loss of life and property devastation in Joplin, MO and in Oklahoma City and  Tornadoes I thought it would be appropriate to repost some of the most read article on this site this past month; What to consider before …

Tornadoes in Joplin and Oklahoma City Read more »

Mortgage Rates Little Changed Weaker than expected economic data helped mortgage rates decline to the lowest levels of the year early in the week. On Wednesday, though, a reminder that the Fed will eventually sell its portfolio of mortgage-backed securities …

Mortgage Rates Little Changed Read more »

$1,000 CLOSING COST INCENTIVE: The Downtown Raleigh Alliance is offering a $1,000 closing costs incentive to the first three event attendees who purchase and close on a home in downtown (see below for specifications) between May 21, 2011 and December 31, 2011. Funding for the incentives made possible by corporate sponsorships.