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Friday, February 11, 2011

Obama Administration Overhauling Mortgage Market

The Obama administration on Friday release its long-awaited proposal for overhauling the mortgage market, calling for gradually shutting down bailed-out Fannie Mae and Freddie Mac and reducing the government's now huge role in housing finance.

In a move that would affect Southern California and other high-cost areas, the 32-page plan calls for phasing in an increase in the down payment required for loans by Fannie and Freddie to 10%, while reducing the maximum size of mortgages they can back.

Tuesday, February 8, 2011

Making the Most of Today’s Markets Video

Vice Chairman at Lee & Associates Ed Indvik was featured on Commercial Property Executive's TV section in an interview titled, "Making the Most of Today's Markets." Indvik provides insight on finding opportunities in today's market and also what's in store for Lee & Associates. Check out the entire video above or on CPE-TV.