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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...
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...
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?...
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...
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...
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?...
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...
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...
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...
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...
Commercial real estate prices have begun inching up, just kinda slowly. That makes three months in a row of gains, for those of you at home keeping score. Prices are up 6.3% from October. And that was down 43.7% from October 2007. Of...
Seven more banks have shut their doors. And they're from all over the country: Alabama, Georgia, Minnesota, Utah, and Ohio. That's 37 closed banks for the year. This new wave of closures will cost the FDIC $419.3 million for just the...
Apparently, overvalued homes took the biggest plunge between 2005 and now. In 2005, there were 330 areas nationwide that were classified as "significantly overvalued." Now, guess how many there are? None! In fact,...
You know those banks that got bailed out last year? Of course you do. You remember, they took all your tax money and it seemed to disappear. Yeah, I see you nodding your head. You know the banks I'm talking about. Well, I'm no expert...
An idea not coupled with action will never get any bigger than the brain cell it occupied. -Arnold H. Glasow The quote speaks tons about what's going on these days. Lots of folks are running around with "big" ideas....
I'm having a great weekend! I've been working INSANE hours for the last few weeks jetting around the country (remind me to tell you about losing my keys an hour before my flight). So I decided to really take it easy this weekend and...
You know, hearing stories about corruption come out of Washington used to get me really mad. I'd hear about all these people trying get rich using the most underhanded things you can imagine. But then I realized something. By the time...
I woke up this morning and just about jumped out of bed. Okay, I actually did jump out of bed. And do you know why? Because this is the first week with NO OLYMPICS! I mean, come on, I'm all for international competition, but it's all...
Don't expect housing prices to decline again any time soon, according to Barclays. They claim that the stabilization that has begun to creep in is here to stay. However, we should expect a small drop up ahead based on the current supply of...
Obama must have had too much to drink at last week's power lunch about health care. Apparently, he's still drunk! Just listen to the latest scheme he's come up with. He's considering FORBIDDING lenders from for-closing unless the borrower has been...
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