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The  Financial Stability Oversight Council (FSOC)  was created out of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 in order to bring the financial regulatory community together to respond to risks to the financial system in order to prevent another financial crisis. Attempts are being made by financial industry advocates to weaken the FSOC. Those advocates are accusing the Council of being overzealous in protecting the financial industry. Weakening the FSOC would only prevent the Council from identifying risks to the financial system, therefore putting the country at risk of another devastating financial crisis, according to an  op/ed piece by Deputy Assistant Secretary for the FSOC at the U.S. Department of the Treasury Patrick Pinschmidt  on CNBC on Monday. “Unfortunately, there is legislation pending in both houses of Congress that would heavily tip the scales back in Wall Street's favor and leave our country vulnerable to another ...

Team Thayer Real Estate News Eugene Oregon The share has risen above previous year levels since April 2015, reflecting improvements within the labor market, riskier mortgage lending, and continuing low mortgage rates. This and a 35-month-long seller’s market for existing homes are causing home prices to increase much faster than income. “The strong spring 2015 home buying season has been paced by outsized gains for first-time buyers,” said Edward Pinto, co-director of the AEI’s International Center on Housing Risk. “Unfortunately, these gains are fueled in part by liberalized credit standards, which is creating demand pressure and driving real home prices higher. This will lead to future instability.” Team Thayer Real Estate News Eugene Oregon The Federal Housing Administration ( FHA ) had a share of first-time homebuyers in August at or above 80 percent,  Fannie Mae ’s share stood at 43.3 percent, and  Freddie Mac  had a share of about 40 percent, AEI r...

First-time buyers comprised 56.9 percent of primary owner-occupied home purchase mortgages with a government guarantee in August 2015, up from the 54.5 percent share last August, the  American Enterprise Institute (AEI)  reported in their  First-Time Buyer Mortgage Share Index (FBMSI) . The share has risen above previous year levels since April 2015, reflecting improvements within the labor market, riskier mortgage lending, and continuing low mortgage rates. This and a 35-month-long seller’s market for existing homes are causing home prices to increase much faster than income. “The strong spring 2015 home buying season has been paced by outsized gains for first-time buyers,” said Edward Pinto, co-director of the AEI’s International Center on Housing Risk. “Unfortunately, these gains are fueled in part by liberalized credit standards, which is creating demand pressure and driving real home prices higher. This will lead to future instability.” Team Thayer Eugene ...

While both non-foreclosure mortgage solutions and completed foreclosures were down over the year in July, the ratio remained virtually the same—more than four solutions for every foreclosure sale, according to  data for July 2015  released by non-profit alliance  HOPE NOW . The mortgage industry reported about 122,000 non-foreclosure solutions (including short sales, deeds-in-lieu of foreclosure, and other workout plans) for July, while about 29,000 foreclosures were completed. These numbers compare with 157,000 and 39,500, respectively, for July 2014, according to HOPE NOW. "At the end of June, the mortgage industry hit significant milestones for loan solutions and proprietary loan mods—24 million and six million respectively," said Eric Selk, Executive Director of HOPE NOW. "Based on July’s data, it is clear that servicers continue to work with customers to offer the best options —whether they are permanent, short term or liquidation. In fact, looking at the ye...

Justin Lee Thayer Team Thayer Eugene Oregon  J ustin Lee Thayer is Lane counties expert in market analysis for real estate investors. Call Justin @ 541-543-7287 CLICK HERE TO VISIT THE TEAM THAYER WEBSITE TEAM THAYER.COM

Nationwide REO inventory is approximately one-third of what it was at its peak in early 2009 at the depth of the housing crisis. What will it mean for banks when the steadily declining REO inventory falls down to its "normal" pre-crisis level in less than two years, as is expected? What type of shifts or diversification is the mortgage industry experiencing right now as REO inventory continues to spiral downward? At the REO Lab at the  2015 Five Star Conference and Expo  on Friday in Dallas, industry experts discussed how to get ahead and stay informed and equipped to take on the new REO marketplace. Team Thayer Real Estate News The first panel of the lab, "True State of REO: Market Analysis and Shadow Inventory," included Roger Beane, President and CEO of LRES Corporation; Sharon Bartlett, Director of Vendor Services at Freddie Mac; and Clay Lehman, Principal, Resolute Asset Management. Beane said the future of REO, and of housing in general, could be...

RANK LAST YEAR NAME SCHOOL STATE 1 SO NATHAN TOMASELLO Ohio State 2 SR NICO MEGALUDIS Penn State 3 JR THOMAS GILMAN Iowa 4 SO ZEKE MOISEY West Virginia 5 JR JOEY DANCE Virginia Tech 6 JR CONNOR YOUTSEY Michigan 7 SR EDDIE KLIMARA OK State 8 JR DYLAN PETERS Northern Iowa 9 SR DAVID TERAO American 10 SO RONNIE BRESSER Oregon State 11 SO DARIAN CRUZ Lehigh 12 JR JOSH RODRIGUEZ ND State 13 JR TIM LAMBERT Nebraska 14 SR CHASEN TOLBERT Utah Valley 15 SR JOSH MARTINEZ Air Force 16 SR PAUL PETROV Bucknell 17 FR DALTON MACRI Cornell 18 JR TREY ANDREWS Nor. Colorado 19 JR BRANDON JESKE Old Dominion 20 SR NICK HERRMAN Virginia 9/21/2015 125 Notes: Go time baby! Fired up to be back underway. 125 wasn't too tough to sort out. Much of the leg work was completed from March when we did the post-season rankings. So that set the framework and we plugged a few new faces in, or back in. Nico slots perfectly at 2 in my opinion. Cruz, I could see some of you having issue wit...