RECON had a great article (below) showcasing Texas cities as among the Best Performing in the Country. RECON Real Estate Center Online News December 16, 2011 Copyright 2011. All rights reserved. Material herein is published according to the fair-use doctrine of U.S. copyright laws related to non-profit, educational institutions. Items attributed to sources other than [...]

Scotsman Guide had a good recent article outlining the benefits of Private Money loans for strategic borrowers. http://www.scotsmanguide.com/default.asp?ID=4793 There’s More than Meets the Eye with Hard Money Advise clients to look closely at the numbers when comparing joint-venture equity to hard money Adam Lotterman, vice president, Forman Capital As published in Scotsman Guide’s Commercial Edition, [...]

New Providence Capital has just completed the funding of the following loans: · Single Family Lot Development in Charlotte, NC · Single Family Lot Golf Course Development in Fort Meyers, Florida · Ritz Carlton Condominium Unit in Dallas, Texas · Two apartment communities in Killeen, Texas · Single Tenant Office Warehouse in Nashville, Tennessee. · [...]

Forbes recently came out with its top ten list of best positioned cities for growth in the coming decade. New Providence Capital is already invested in eight of those cities with deals in the pipeline for one more. Article can be found here

I was quoted in another Bloomberg article written by Clea Benson. The article can be found here The quote was short, but you can find more information on why I think Fannie/Freddie should be selling homes in 20 unit blocks by reading my other blog post – How to Create 500,000 Jobs and Save Taxpayers [...]

Just as I predicted in my earlier post (Top 10 Housing Related Businesses the Federal Government Shouldn’t Be In), the GSE’s are looking to bulk sell their inventory by the thousands.  There are few shops large enough to buy thousands of foreclosed homes which means they will be selling them to the big banks and [...]

While Fannie, Freddie, and FHFA (the Fs) are concerning themselves with political problems such as hurting market values, we should be concerned with how we can get the real estate markets back on track. The best way to do this is to sell the remaining housing inventory right now to people who are capable of [...]

I thought this was a good article about some of the continuing downward pressures on house prices.  Who knows if values will go down by 20% as Paul Dales speculates, but it seems obvious that they will not be going up any time soon.  Link to article:  http://www.financialpost.com/housing+still+vicious+downward+spiral/4595904/story.html Full text of the article below: John [...]

Clea Benson with Bloomberg published an article on Fannie Mae and Freddie Mac in which she quoted me several times.  The article can be found here And here Fannie, Freddie’s $24 Billion Glut Imperils Recovery January 21, 2011, 6:03 PM EST BUSINESSWEEK By Clea Benson (Company corrects number of owner-occupied properties in 10th paragraph.) Jan. 21 [...]

Banks are slowly filtering assets out into the market through a process of managed disposition that allows them to recognize losses over time. Banks are using the federal lend/borrow arbitrage to grow their capital accounts and when they have enough money available they will take their losses in bite sized pieces. This process amounts to [...]