Daily Archives: March 16, 2010

Interview w/ Nancy Chemtob Esq. – Johnathan Miller Housing Helix Podcast

nancy

Johnathan Miller – The Housing Helix

25 Feb 2010 | Interviews, Law, Podcasts

I speak with Nancy Chemtob, a partner with Chemtob Moss Forman & Talbert, LLP a New York City law firm specializing in divorce, family and matrimonial law.  My firm has done a lot of work with Nancy and her partners over the years and admire her approach and candor.  Plus she’s fun to talk with.

The biggest asset in a divorce action is most often the real estate.  The housing market crunch of the past 18 months has played havoc with the divorce process.  What’s most interesting is the fact that divorce attorneys are often at the leading edge of a changing real estate market as their clients deal with the reality of market conditions within their strategy.

Note: I’ve got a new equipment set-up (again) and I am still wrangling with it so my audio track is a bit too loud.  But Nancy makes her presence heard.

Interview Can Be Heard Here

Banks Out of the Woods? Maybe Not

Published: February 26, 2010

MORE than $1 in every $10 that American banks have outstanding in loans is lent to a troubled borrower, a ratio far higher than previously seen in the quarter-century that such numbers have been compiled.

Bad Bank Loans Soar

The problems are greatest in construction loans for single-family homes, where nearly 40 percent of the loans either are delinquent or have been written off as uncollectible. But they are also high in mortgage loans for single-family homes, where $1 in every $8 of loans is troubled.

The figures were released this week by the Federal Deposit Insurance Corporation, as it announced that the number of banks in trouble had risen sharply, and forecast that the rate of bank failures would increase.

Full Article at NYTs