PBI Blog | - Part 2

Purpose Built Investments Categories

Big Week On Tap for Housing

Posted on May 18th 2012 by Dawn Wotapka.

Some big housing numbers are expected next week: Existing-home sales, new-home sales and quarterly results from Toll Bros.

Posted in Credit Suisse, IHS Global Insight, Toll Bros., data. No Comments »

Mortgage fraud ringleader sentenced to more than 4 years

Posted on May 18th 2012 by HousingWire.

Nathan Orms was sentenced to 4.5 years in prison for leading a mortgage fraud ring in Ohio. Between 2004 and 2006, roughly the duration of the housing bubble, Orms defrauded lenders of more than $26 million, authorities said.

Posted in CDATA, Consumer fraud, Conviction, Foreclosure, Lending, Mortgage, Nathan Orms, News, Person Career, Person Email Address, fraud, mortgage fraud, ohio. No Comments »

Flood Insurance Program Still in Limbo

Posted on May 18th 2012 by WSJ Staff.

The long-running struggle to figure out the future of a federal program that provides insurance to homeowners in flood-prone areas is continuing, apparently without any end in sight.

Posted in House of Representatives, Hurricane, National Flood Insurance Program, Rep. Judy Biggert, Rep. Spencer Bachus, Senate. No Comments »

Dearth of affordable rentals cause for concern, housing experts say

Posted on May 18th 2012 by HousingWire.

The housing downturn put rental properties in high demand, but housing advocates say falling incomes and rising rents are cause for concern, especially in the affordable multifamily segment.