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Obama’s Bill of Rights

I think most of us would agree that the mortgage industry could do with some more transparency. The murky workings of the underworld of billions of dollars of loans can get pretty tricky and is open to lots of "mishandling." But the question is how...

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Big Settlement this Friday – Don’t Miss It!

Did you know this week we're going to see another Black Friday? No, don't run out and pick up that weed whacker you've always wanted, it's not that kind of Black Friday. This week as actually going to be the deadline for states joining the...

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HAMPs Untimely Rebirth

Remember that program, you know, the one that was supposed to help every underwater borrower all over the country but ended helping under 1 million? What was that called again? Oh yeah, HAMP. Right, yeah, that one. Well, despite its...

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Two Views on Housing

Believe it or not (oh yeah, you should believe it) there's controversy surrounding the President's latest plan to mess with the housing market. As he announced in his State of the Union address he wants to have someone look through the deep dark...

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Where Are All The Houses?

Watch out everyone! There are less homes for sale now than there were last year. Um, okay that may not be the scariest announcement you've ever heard. And there are still almost 2 million still out there. So if you're shopping around, fear not,...

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I Hate Economists. Don’t You?

I always encourage people to put a positive spin on a bad situation. If it's something you've got to learn to accept then why not embrace it and move on? When life hands you lemons, make lemonade. And so on and so forth. But it's an entirely...

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Principal Reductions a Hot Topic in Congress

Principal Reductions a Hot Topic in Congress

I've been hearing a lot of talk in the comments section about the pressing need to pursue principal reductions for underwater homeowners. Apparently this blog gets more attention than I realized because the idea has finally penetrated the thick...

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Fannie Mae Can Keep Their Predictions

Fannie Mae Can Keep Their Predictions

Let's say you've got a good friend who's been with you a long time. And you know that every single time he gives you advice it ends up being BAD advice. At first it always sounds good and makes a lot of sense. But no matter what, it always comes...

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Jail Time for Fraudsters

It looks like Michigan is getting tough, or at least trying to look the part. As the entire country has been reeling from the repeated shocks the housing system, Michigan has decided it's time to try a heavy-handed approach. Just check out some of...

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Fed vs. Congress – Who Will Win?

Fed vs. Congress – Who Will Win?

Every time I see big shots in Washington arguing with each other I get excited. No, I don't get excited because I think they'll eventually come to an agreement. What really gets me going is that I think "Finally, someone is going to see through the...

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