Theodore (Ted) Spenadel's Blog Posts

Another Step Down Foreclosures Hit NearDecade Low

Another Step Down: Foreclosures Hit Near-Decade LowMortgage servicing professionals are looking at the lowest foreclosure numbers in nearly a decade. Foreclosure starts from November 2016 have

Read More

November Report Looks At Future Of Housing Market

November Report Looks At Future of Housing MarketA spike in mortgage rates is expected to decrease affordability for the coming year, according to Freddie Mac’s November 2016 Outlook 

Read More

Types Of FHA Loans

There are many types of FHA home loans, so it’s easy to get confused in what looks like an alphabet soup of loan options. We get questions about these loan options quite often, but here’s a

Read More

Appraisers And Homeowners Dont See EyeToEye On Values

In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 5%+

Read More

How To Buy A HUD Home

Reprinted from www.hudhomestore.comQuestion: I hear that HUD sells homes. How can I buy one?Answer: Read our section on how to buy a HUD home. Then look at the listings of HUD

Read More

Banks Fail To Prove They Are Not Too Big To Fail

The Federal Reserve and the FDIC have jointly determined that the 2015 resolution plans, or “living wills,” of five domestic systemically important financial firms“

Read More

Fannie Mae Credit Score Updates Trended Data

from Fannie Mae; March 8th, 2016: Trended DataCommentary: Fannie Mae is changing the way it analyzes credit. This will affect loan approvals for some conventional buyers. For a number of years,

Read More

Bigger Houses Smaller Lots

Okay, so Chris Farley probably wasn't much for gauging the real estate industry, but his famous moment in Tommy Boy sort of applies to a recent trend in recent new-home construction. According to

Read More

Largest Non Performing Loan Sale Yet

As Fannie Mae did earlier in January [2], Freddie Mac kicked off 2016 in a big way with residential non-performing loan (NPL) sales. On Friday, Freddie Mac announced its largest bulk NPL

Read More

Tax Relief Bill To Hit Presidents Desk

The omnibus appropriations bill, which is a $600 billion bipartisan spending bill that includes the extension of several tax relief provisions, has passed in the House of Representatives and

Read More

HAMP Borrowers Facing Higher Payments May Be Able To Turn To Freddie Mac

For homeowners who received a modification through the government's Home Affordable Modification Program (HAMP) and are facing higher monthly payments due to a reset, Freddie Mac is

Read More

HAMP Borrowers Facing Higher Payments May Be Able To Turn To Freddie Ma

For homeowners who received a modification through the government's Home Affordable Modification Program (HAMP) and are facing higher monthly payments due to a reset, Freddie Mac is

Read More

OCC Loan Mods Lowered Monthly Payments For 91 Percent Of Borrowers

More than 91 percent of borrowers nationwide who received mortgage loan modifications in the second quarter of 2014 had their monthly principal and interest payments reduced, while 56.1 percent of

Read More

Survey Misconceptions Holding Back Homebuying

While nearly seven in 10 Americans agree that now is a good time to become a homeowner, a large number remain reluctant due to their own misguided understanding of the financing process, according&

Read More

Prices Continue To Climb With June Increase

Author: Tory Barringer August 25, 2014 0Share on facebookShare on twitterShare on emailShare on pinterest_shareMore Sharing Services12Black Knight Financial Services reported

Read More

Economy Moving Closer To Normal

After half a year of failed predictions and slow starts, the U.S. economy actually appears to be closing in on normal, at least according to Freddie Mac.Freddie Mac's latest 

Read More

New Formula Could Revamp Credit Scores Nationwide

The company responsible for one of the most widely used measures of credit health is making changes to its current model that could boost credit scores nationwide.In an announcement on Thursday,

Read More

Mortgage Interest Rates You Have It Better Than You Realize

Scraping together enough money for a down payment on a home -- especially a first home -- can be a difficult endeavor. Don't wail "woe is me" too loudly, though, as things could be worse. Take a

Read More

Zillow Announces Trulia Acquisitio

By Victor Lund, CEO of RE Technology and WAV Group PartnerTwo of America's third party real estate portals have entered into a definitive agreement for Zillow(Z) to purchase Trulia 

Read More

OBAMA ADMINISTRATION RELEASES JUNE HOUSING SCORECARD

WASHINGTON- The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the June edition of the Obama Administration's Housing

Read More

The OneWord Answer To Why Bill Gates And Warren Buffett Have Been So Successful

When Bill Gates first met Warren Buffett, their host at dinner, Gates’ mother, asked everyone around the table to identify what they believed was the single most important factor in their success

Read More

HSBC To Pay 10M To Settle Claims Over Foreclosure Fees

Home | Daily Dose | HSBC to Pay $10M to Settle Claims over Foreclosure FeesAuthor: Derek Templeton July 1, 2014 0HSBC has reached a settlement with the federal

Read More

Trulia Undervalued Homes Squash Housing Bubble Concerns

While persistent price gains continue to dominate headlines, homes in a majority of major markets across the country remain slightly undervalued, quashing any concerns of a rising housing bubble,

Read More

SunTrust Bank Settles With Feds For Nearly 1 Billion

by: Tory Barringer June 18, 2014SunTrust Banks, Inc., announced it has struck a nearly $1 billion deal with the government to settle allegations of misconduct in both its lending and servicing

Read More

Economic Conditions Top Concern In Fannie Mae Survey

bu Tory Barringer:Consumer attitudes about housing diminished somewhat last month as economic worries weighed on their minds, according to new survey results.In its latest monthly National

Read More

Total Home Flipping Down Yearly But Profit Increases

by Colin Robins  June 4, 2014In a blog post, RealtyTrac VP Daren Blomquist analyzed data from the company's newly created and interactive, county-level heat map, which shows the

Read More

US Adds 217000 New Jobs In May

by Tori Barringer  June 6After surpassing expectations in April, the labor market performed slightly better than anticipated in May, according to numbers released Friday by the Department of

Read More

Thirtyyear Fixed Mortgage Rate Sinks To Six Month Low

by Cathy OrtonMortgage rates fell last week amid weak economic reports, according to the latest data released Thursday by Freddie Mac.The 30-year fixed-rate average sank to a six-month low, dropping

Read More

Is DC Big Enough For Cabs Uber Sidecar And Lyft

by Lori Aratani, The Washington PostD.C. taxicab drivers at a D.C. Council hearing on new rules for app-based services such as Uber, Lyft and Sidecar. The drivers say they rules give newcomers an

Read More

Brokers MortgageInterest Cap Plan Would Be Unfair To Highend Markets

By Andrew KingFew in the real estate brokerage community think the latest proposal to cap mortgage interest deductions will actually become law in Washington.The Speaker of the House—an anti-tax

Read More

Foreclosures May Raise Neighbors Blood Pressure Study Finds

The stress of living near a foreclosed home may increase a person’s chances of developing high blood pressure, according to research published Monday in an American Heart Association journal

Read More

Total Home Sales And Prices Tick Slightly Upward In March

According to RealtyTrac's latest Residential and Foreclosure Sales Report for March and Q1 2014, U.S. residential properties sold at an estimated annual pace of roughly 5.2

Read More

Urban Areas Lead In Home Prices Suburbs Grow Faster

As the housing market inches further toward recovery, a curious dichotomy has arisen between urban and suburban growth. According to Jed Kolko, chief economist at Trulia, while cities are

Read More

Banks Warned About ATM Attacks

by Allison Ross  April 9U.S. regulators are warning banks to be on the lookout for a new cybersecurity threat to ATMs that allows thieves to make unlimited withdrawals. The Federal Financial

Read More

Economic Outlook Positive For Spring Season

by Scott Morgan  April, 2 2014As it turns out, the entire U.S. economy has been suffering from seasonal affective disorder. According to the UCLA Anderson Forecast, the one-two punch of

Read More

Time For Boomers To Sell And Move On

BY Anthony Volastro:Many of America's baby boomers are gearing up for retirement, banking on Social Security, 401(k) plans and their home equity to keep them afloat through their golden years.Today,

Read More

President Obama Is Now The Most Powerful Insurance Salesman In The Free World

BY PHILIP KLEIN |Obama, left, with actor-comedian Zach Galifianakis during an appearance on "Between Two Ferns,"...President Obama's approval rating is at or near record lows. His

Read More

The Most Important Thing On Your Credit Report

by  Christine DiGangiFocusing on just one part of your credit report won’t really help you improve your credit, because there are so many different things that determine your credit

Read More

Winter Weather First Responders Red Cross Battle One Of Their Greatest Villains

While icy and snowy roads may keep the general public confined to their homes, emergency personnel have a duty to respond no matter what the weather unleashes.Sergeant Ryan Hendrick of the Ferguson

Read More

Qualified Mortgage Guidelines Havent Lowered Risk

By  Tory Barringer  2/24/14Last month's implementation of the Consumer Financial Protection Bureau's (CFPB) qualified mortgage (QM) guidelines did little to stem the rise of mortgage

Read More

Fannie Mae Mortgage Yields Rise

Author: Colin Robins February 24, 2014  Fannie Mae Mortgage Yields RiseShare on facebook Share on twitter Share on google_plusone_share Share on linkedin More Sharing Services3Fannie Mae

Read More

Luxury Travel Digs Without The Hotel

(Reuters) - Shell out a couple of thousand dollars a night for a vacation stay, and you're not going to have to pretend you're anyone's cousin when you pick up the keys - like you might with some-

Read More

Neighborhood Or House How To Set Your Priorities

By Michele LernerIn a perfect world, every buyer could afford the house of their dreams in a neighborhood they adore. In reality, most buyers need to compromise on something when they buy a home,

Read More

Experts Dont Waste Your Money On Multivitamins

 (HealthDay News) -- With three new studies finding that a daily multivitamin won't help boost the average American's health, the experts behind the research are urging people to abandon use of

Read More

Snow Heads Back To Northeast After Midwest Slammed

The Associated PressWinter-weary residents of the Northeast are getting another dose of snow, sleet and freezing rain, with the second storm of the week canceling classes, closing government and

Read More

FHFA Mortgage Rates Slightly Up In YearEnd Index

Mortgage rates closed out December—and the year—with one final, small increase, the Federal Housing Finance Agency (FHFA) reported.FHFA’s national data for December shows

Read More

Survey Uncovers Patterns And Trends Among Homebuyers

The National Association of Realtors recently released the results of a national survey conducted in July 2013 among homebuyers who had made their purchase within the previous year. The

Read More

Remodeling Market Index Steady At Historical High

January 23, 2014 - According to the National Association of Home Builders (NAHB), the Remodeling Market Index (RMI) held steady at 57 in the fourth quarter of 2013. This is the same level as

Read More

Top States For Millionaires Per Capita

Top states for millionaires per capita   Text Size   Published: Wednesday, 15 Jan 2014 | 12:46 PM ETBy: Robert Frank | CNBC Reporter and EditorTwitter294CNBC's

Read More

Housing Starts Fall In December After Sizzling Gains

Reuters, 1/17/14U.S. housing starts fell less than expected in December, pausing after recent strong gains that had pushed home building activity to multi-year highs.The Commerce Department said on

Read More

4 Keys Identified For A Full Housing Recovery

DAILY REAL ESTATE NEWS | FRIDAY, JANUARY 17, 2014In order to have a fully recovered housing market and economic recovery, economists point to the need for four positive indicators: 1. A healthy

Read More

Which Hidden Gems Make Cut As Years Hottest Neighborhoods

By Carrie BayRedfin on Tuesday came out with its annual list of the country’s “hottest” neighborhoods. The company ranked 105 neighborhoods across 21 major markets that have grown the

Read More

Selfdirected IRAs Risky Smart Or Both

Rick Kahler can’t explain the mysteries of string theory, speak Mandarin or quote long passages from the Odyssey, but after buying and selling hundreds of properties for 30 years, he has a virtual

Read More

US Home Sales Up 6 Year On Year Latest Index Shows

MONDAY, 23 DECEMBER 2013Home sales in the United States increased by 6% year on year in November to a non seasonally adjusted 4.6 million annual sales pace, according to the latest data from

Read More

Why Its Great To Be The Boss

BY RICH MORINIt pays to be the boss, in more ways than one.In addition to bigger paychecks, America’s bosses are more satisfied with their family life, jobs and overall financial situation

Read More

WHATS AHEAD FOR MORTGAGE RATES THIS WEEK JANUARY 6 2014

The last week of 2013 brought relatively good news in view of the economic roller coaster rides caused by legislative impasse. A brief shutdown of federal government agencies, and nail-biting

Read More

Who Stands To Gain In The 2014 Real Estate Market

By The Fiscal Times Jan 06, 2014Experts are saying that 2014 will be a year of continued growth for the housing market, with fewer foreclosures and more activity among underwater.

Read More

SPCase Shiller Records Largest Home Price Gain In Nearly 8 Years

BY: TORY BARRINGERHome prices rose annually for the 17th straight month in October, achieving their highest yearly gain in nearly eight years, according to the S&P/Case-Shiller Home Price

Read More

3 Ways Dodd Frank Law Will Roil Real Estate In 2014

by Matt NestoChris Dodd and Barney Frank have long since retired, but the namesake legislation they craftedfour  years ago is about to unleash sweeping changes in the mortgage and real estate

Read More

Wheres The Snow This Weekend Northeast Report 123113

The forecast for the northeast is a good one with continued cold temperatures and multiple storms on the horizon. After the rain a week ago, this is great news and most resorts should be back in tip

Read More

Recreational Marijuana Shops Open In Colorado

For more than 70 years, the sale of marijuana for recreational use has been criminally prohibited in the United States. But that ban, as it has existed for decades, ended Wednesday in Colorado.The

Read More

Anderson Cooper Handcuffed To Kathy Griffin During CNNs New Years Special The Huffington Post

New Year's Eve 2013 proved to be another lively night on CNN, as host Anderson Cooper attempted to escape being handcuffed to comedian Kathy Griffin.It was the duo's seventh year hosting

Read More

Rates On New Home Loans Join Downward Trend

On Christmas Eve, the Federal Housing Finance Agency (FHFA) reported a 10 basis point decline in mortgage interest rates for the month of November.  Data from FHFA’s Monthly

Read More

2014 Housing Outlook Still A Sellers Market But Better For Buyers Than 2013

by Bernice NapachIf you're looking to sell a home, 2014 will be a good year though probably not as good as the current one. But if you're looking to buy, 2014 will likely be a better year than 2013.

Read More

Commentary Whats In Store For Housing In 2014 Part 1

BY: RICK SHARGAMany economists and market observers have suggested the market is poised for continued growth as the recovery enters its third year, and there are positive elements in play that

Read More

Mortgage Rates Show Slight Increase Heading Into The End Of The Year

BY KATHY ORTON     December 26 Mortgage rates moved up slightly heading into the end of the year, according to the latest data released Thursday by Freddie Mac.The 30-year fixed

Read More

White Flint Mall To Close After 35 Years

BETHESDA, Md. (WJLA) - What was once a crown jewel of local shopping is now enduring its final holiday rush. Some 35 years after White Flint Mall first opened its doors, 75-percent of its

Read More

How High Will New Home Sales Go In 2014 Very High

by Brian Collins:Economists are looking for stronger economic growth and acceleration in job creation next year to drive demand for new homes and construction higher.New home sales could jump more

Read More

791000 Homeowners Gained Equity In Third Quarter

Home price improvements nationwide continued to help more than three-quarters of a million borrowers regain their lost equity in the third quarter of 2013.The total number of mortgaged residential

Read More

Pike And Rose North Bethesdas Newest Project

To see a You Tube Video go tohttps://www.youtube.com/watch?feature=player_embedded&v

Read More

Budget Home Makeover Tips

Do you want to freshen up your home’s look, but you don’t want to spend a lot of money? Here are four easy, affordable ideas that can make a dramatic impact.Install a chair rail. Add

Read More

Factory Farms Fed Cows The Mess From The Bottom Of Chicken Cages

By Sarah Laskowteven MilehamHowever bad you think factory farming is, however often you think you’ve heard about the worst and grossest practice yet, there’s always one more additional,

Read More

Act Now To Refinance Your Home Before Its Too Late

There has never been a better time to refinance your home. That’s because of a little-known government program called the Home Affordable Refinance Plan (HARP). This allows Americans to refinance

Read More

Million Dollar Homes Down On Main Street

By: Diana Olick As millions of Americans head home for the holidays, home sales will likely fall into their usual seasonal slumber. While a new house might be on many wish lists, it is not

Read More

Market Report For Zip Code 20852 North Bethesda Maryland

http://www.narrpr.com/report.ashx?report=6c924a0f%5c9c53-498d-94a5%5c60392e8b217e%5cMarket-Activity-Report_Rockville-MD-20852_2013-12-10-23-15-32.pdf&isauto

Read More

3 Ways To Finance Real Estate Overseas

By KATHLEEN PEDDICORD November 26, 2013 It is not possible in much of the world for a foreign buyer to borrow money locally for the purchase of real estate. No bank will lend to

Read More

VA Increases Allowable Attorney Fees

12/06/2013 BY: CARRIE BAY  The U.S. Department of Veterans Affairs (VA) recently published a notice in the Federal Register that new maximum foreclosure attorney fees will be allowed for loan

Read More

FHA To Pull Back On Big Mortgages

by CNNMoneyThe Federal Housing Administration has announced plans to reduce its stake in the market, an indication it sees some signs of strength in real estate.The agency, which insures low down

Read More

Townes At Shady Grove Metro ROCKVILLE MARYLAND NOW SELLING

Townes At Shady Grove Metro, ROCKVILLE, MARYLAND. NOW SELLING! SALES CENTER AT THE INTERSECTION OF REDLAND RD. & YELLOWSTONE WAYSet in one of Montgomery County’s most appealing

Read More

Analyst Todays Recovery Is Atypical But Undeniable

by Frista Brock: In a report released this week, Clear Capital linked high levels of distressed sales activity with high levels of home price appreciation, something that

Read More

Fancy Foreclosures On The Rise

by Ashley Harris:Luxury homes are beautiful to look at, but difficult to maintain according to a recent report. Despite the continued decline of foreclosure activity in the country, luxury

Read More

Home Permits And Prices Rise Despite Mortgage Rates

by ReutersWASHINGTON — Permits for future home construction rose to their highest point in nearly five and a half years in October and prices for single-family homes posted big gains in September,

Read More

Negative Equity A New Way Of Life In The Recovery

by Krista Franks Brock:Fast-paced price increases have helped bring many underwater homeowners afloat. In the third quarter, 1.4 million homeowners rose to the surface as their home values once

Read More

Report October Cool Down In Temperature Only

by Ashley Harris:Cooler temperatures didn’t necessarily mean a cool down in October activity, according to recent data. Despite a seasonal slowdown in activity, the housing market continued to

Read More

Real Estate And The Thanksgiving Turkeys

by Jeff TumbarelloIt has 2 shocking moments in its life. Its birth and the Wednesday before Thanksgiving. This is a summary of what happened the days between.The farmer would walk to the pen

Read More

Housing Picks Up Steam With Little Regard For Changing Of The Seasons

BY: TORY BARRINGERContrary to what some are reporting, Realtor.com’sNational Housing Trend Report for October indicates the homebuying season hasn’t come to a close just yet.“Instead

Read More

Fannie Mae Foresees Market Volatility In Coming Months

by Krista Franks BrockIn the aftermath of the federal government shutdown and contentious debt ceiling negotiations, Fannie Maepredicts “continued market volatility” for at least the next

Read More

Negative Equity Rate Falls At Fastest Pace Ever

By Evan NemeroffThe national negative equity rate fell at its fastest pace in the third quarter, dropping to 21% of all homeowners with a mortgage, a Zillow report revealed.Approximately 10.8

Read More

JPMorgan Chase Reaches 13B RMBS Settlement With US Government

By Carrie Bay:    11-21-2013JPMorgan Chase has struck a deal with the U.S. Department of Justice to resolve civil claims from both federal and state officials over residential

Read More

7 TIPS TO LOWER YOUR HOME ENERGY BILL THIS WINTER

As you dig out your sweaters and winter coats and prepare to ward off the cold, you also should think about ways to ward off higher energy bills in your home.More than 90% of American households can

Read More

Want To Get High

That got your attention! Are you ready for high-rise living in North Bethesda,MD? Choose from high-rise living at Market East or the charming mid-rise residences at Market West in a

Read More

Autumn Open House Saturday At Symphony Park From 11am To 2pm

Symphony Park. The name alone evokes a sense of peace and beauty. It’s the sense of place, though, that sets the community apart. Adjacent to the Music Center at Strathmore, and within walking

Read More

Report Homes Selling Faster Than Previous Year

BY: ASHLEY R. HARRISNationwide, homes listed for sale on Zillow were selling at a rapid clip, to the tune of a month faster in September than a year ago, according to a new analysis. Zillow measured

Read More

Relieve Stress Now Prevent Sickness Later

Did you know that most visits to the doctor are stress related? They are!  Think about it: stomach ailments, pains in the back or neck, headaches. The list goes on and on. What can we do about

Read More

Fall Is The Time To Make Sure Your Home Is Sealed Up Tight

Winter is right around the corner! (time flies, right?) Take a couple of hours this weekend and inspect your home for any potential problems relating to window seals,insulation,loose shingles,etc.

Read More

HUD Said To Fail In Bid To Sell 450M Of Bad Mortgages

Bloomberg News:The Department of Housing and Urban Development for the first time failed to sell some of the soured mortgages it's auctioning off in the wake of the housing crisis,

Read More

30year Mortgage Or 15 5 Questions To Help You Choose

It has been a slow and painful process, but the housing market is now in recovery and foreclosures have been dropping. Since the housing bust, regulators have focused on preventing borrowers from

Read More

DB Pricing Shows Appetite For REOtoRent Securitization

Deutsche Bank priced the inaugural single family rental transaction, the $479 million Invitation Homes 2013-SFR1 single family rental securitization transaction 5 basis points to 35 basis points

Read More

How Much Can You Afford

There's an old real estate joke that everyone wants to live the American Dream and buy their bank a house. Living that dream has become even harder in the past few years thanks to that

Read More

New Greek Restaurant Near Rockville Town Center Trapezaria

Bunch of friends dined here this past weekend. It was very busy but that was no surprise considering that it was a Saturday night and they just started a coupon promotion. Very good food and service

Read More