Lenders required to extend forbearance to unemployed - Bryan Ellis Real Estate letter

Through "settings" to the requirements of the Federal Housing Administration (FHA), dealing with loans from the FHA loan services must extend the period of forbearance for the owners at 12 months unemployed now [1]. In addition, services that participate in the making home affordable (MHA) program must extend period minimum forbearance for 12 months "as much as possible under the regulatory and investor guidelines." HUD Secretary Shaun Donovan explained and supported the changes, saying that "current forbearance of unemployment programs have mandatory periods which are insufficient for the majority of the unemployed borrowers…""[as] 60 per cent of the unemployed have been their work for more than three months and 45 per cent were of their work for more than six".

Changes to programs must be in place by August 1, 2011 [2]. Previously, MHA has been limited to the borrowers who were unemployed and three months or less behind on mortgage payments. These changes extend the program to those who are "offender to serious." Changes to the period of forbearance will allow qualified owners to go a full 12 months without a mortgage payment prior to foreclosure.

Even though this may seem a very bad idea on the surface because it seems to extend housing market agony and put lenders in the red, it may be only formalize that many lenders are already as they delay the foreclosure process. Do you think that this extension of the forbearance is a good thing, ultimately, for the real estate market? It is the location of the Government to say how much time a lender must wait for foreclosure?

Please read the letter from Bryan Ellis real estate!

Your comments and questions are welcome below.

[1] http://nationalmortgageprofessional.com/news25787/fha-extends-forbearance-terms-unemployed

[2] http://www.pe.com/business/realestate/stories/PE_Biz_D_foreclose08.2c451fa.html

Netflix extend online overseas

Netflix CEO Reed Hastings spoke at the unveiling of the iPhone 4 by Apple CEO Steve Jobs at Apple Worldwide Developers Conference in San Francisco, California, in June last 7, 2010 file photo.

Credit: Reuters/Robert GalbraithBy Jennifer Saba

NEW YORK | Tue, July 5, 2011 3: 00 pm EDT

NEW YORK (Reuters) - Netflix Inc. extends its video service 43 countries in Latin America and the Caribbean Online, sending its shares to a record level.

It's incursion Netflix outside the United States second. He began to offer its services to the Canada last year.

Netflix, which offers broadcasts of TV and films on the Internet and DVD rental by post, look for new subscribers as competitors such as Apple, Google and Hulu are moving the lawn to the Netflix.

The company has been widely should announce plans for an international moving and reported that he could grow in at least two markets per year from 2012.

"I think generally people expect a launch in a country, and it's a whole region," said Atul Bagga, analyst think equity. "I think that there is plenty of room for growth in these markets."

The Latin American market has an estimated user of 215 basis, from the United States million, with approximately 245 million dollars, Bagga said.

Netflix said Tuesday that subscribers to the Mexico, Central America, South America and the Caribbean will be able to access entertainment and cinema Spanish, Portuguese or English later this year.

Netflix declined to comment on further expansion.

In a letter to investors in April, Netflix said that there should be $ 50 million to $ 70 million in operating losses in the second half of the year with his second international expansion.

Netflix shares have had an incredible race in recent years - to about 1,000 percent since 2008. The last few months, some investors bet that the stock will fall after its trajectory resembling a rocket.

Which would also explain instead of sharing today, said Bagga on investors in the stock pile to cover their short position.

Once considered a friend to the studios of television and film, media conglomerates have fretted their venerate yet on the popularity of Netflix because it threatens the traditional suppliers of cable and satellite.

There is concern that consumers will drop expensive cable packages - called cord cutting - cheaper services offered by companies such as Netflix.

Netflix has more than 23 million subscribers. In contrast, Comcast, the cable no. 1 at the United States operator, was 22.8 million subscribers to 31 March.

Netflix shares reached a record level of $291.23 and increased by 8% to $289.48 in afternoon Nasdaq trading.

(Reporting by Jennifer Saba in New York and Lisa Richwine in Los Angeles; editing by John Wallace, Derek Caney, Dave Zimmerman)