Team Thayer Property Servicing

The credit default swaps (CDS) market has declined dramatically since the financial crisis. Trading volumes in CDS—which are financial swap agreements in which the seller agrees to compensate the buyer of the CDS in the event of a loan default—are a mere one-fourth of what they were in 2008, totaling less than $9 trillion in amount outstanding nationally as of June 2015. What is the cause of the substantial drop in the CDS market, and what can be done to bring it back up? A report titled “ Can the Credit Default Swap Market be Salvaged ?” from the Kroll Bond Ratings Agency ( KBRA ) states that new laws and regulations focused on reducing the risk of over-the-counter (OTC) derivatives products is partly to blame for the dramatic decline. But KBRA also said in the report they believe the decline is “part of a larger trend by large, systemically significant global banks to move away from products and markets that are seen as problematic.” Raising some troubling questions for both ...

Flipping and refurbishing houses has become all the rage over the past decade. Almost everyone has become an expert on mortgages, refinancing, and remodelling.Introducing the  203K loan . It’s officially known as Rehab Mortgage Insurance; but that’s putting the cart before the horse. Simply, it’s an insured home loan. With the 203k FHA loan y ou have the ability to buy that spec house knowing that your pre-approved loan is going to come with some extra money for repairs. The restoration costs are at least $5,000. Spending that is not a problem these days, It’s an  FHA backed loan  that is insured, so the lender is more inclined to approve it; especially if you have done your homework and have all the paperwork showing the remodeling estimates. Remember, the 203K loan is designed to cover the present value of the house plus the cost of the rehabilitation, or 110% of the appraised value of the property after rehabilitation; whichever is less. ...