GLG News by Homebuilding Experts (United Kingdom)

As markets change,servicers and lenders need to choose a valuation company that can quickly and easily adapt.  Questions to ask include: Does your valuation vendor use a quality evaluation logic that can be changed on the fly?  The preferred valuation model would weigh more heavily on comps...

Credit default swaps have been a major element in the ongoing financial crisis. That doesn't mean it's necessarily easy to understand just what the problem is with them.  In an effort to gain clarity I have engaged in a self-directed study on the topic with the following analogy to report.

Kier is one of the major housing contractors in the UK and a significant “second division” house builder.  They have decided to exit house building and concentrate solely on building for housing associations (the main providers of affordable/social housing in the UK).    In...

The government takeover of ailing mortgage giants Fannie Mae and Freddie Mac was no surprise and has been jumped all over by the mainstream press. This move was intended not to cause something to happen, but to prevent something from happening. That something was the imminent bankruptcy of the...

July 1 marked the beginning of a new fiscal year for most states and about one third of local governments, and, as a result of declining economic conditions, ushered in a period of cutback management and difficult decision making for many state and local leaders. Reduce taxes,reduce spending is the...

Lowest Housing starts for Decades. Increasing redundancies. Improving Rental Figures. Potential Housing crisis as shortages of homes grow.

In their first quarter results, several banking organizations reported stunning losses and provisions generated by these loans, with predictions of much more to come in future quarters. Indeed, national banks, which hold about half of all home equity loans, sustained as much loss from this type...

Whilst there is no doubt that there will be significant write downs on some sites in most house-builders’ land banks, the nature of the land deals for many of the sites in those land banks means that much of the pain will be felt by the original vendors of the sites rather than the house-builders t...

Kerri Panchuk's article addresses the most significant intangible loss brought about by the subprime mortgage failures.  Namely,the loss of consumer borrower trust which may never be fully regained as long as predatory mortgage horror stories continue to capture headlines and...

It easy to think nationally when reading of the foreclosure number increases;the glut of homes and the downward impact on price point when,in fact,there are many regions of the country that have not been as adversely affected by speculator development and inflated land values.  Connecticut...