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...
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...
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...
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...
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...
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...
“History will be kind to me, for I intend to write it.” Winston Churchill I recently told you about Citibank’s new plan to allow delinquent borrowers to remain in their homes for...
Yes, short sales are definitely on the rise. This shouldn’t come as news to you, but the media and US gov’t are just catching on. Short sales accounted for...
Obama broke the bank this week, pledging $1.5b in aid to distressed homeowners. This money will go to help those unemployed and anywhere that housing prices have fallen 20%...
According to the latest report released by Freddie Mac (are they still in business??) over 95% of 4th quarter refinances last year were fixed-rate loans. This was true regardless...
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 (not about banks anyway), but here’s what I thought...
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. Just they never seem to realize how small they actually are. If you can’t take your...
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 relax. But luckily for you, even when I’m relaxing, I...
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 it gets to the news, or comes out in court, the story is...
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 anyone’s been talking about for so long. Finally, we’ve got...
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 foreclosures. Can the current housing market handle these new foreclosures? What sort 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 considered for a loan mod. Now that’s a MIGHTY big step for El Presidente. Basically,...
“History will be kind to me, for I intend to write it.” Winston Churchill I recently told you about Citibank’s new plan to allow delinquent borrowers to remain in their homes for up to 6 months. Well, the MBA (Mortgage Bankers Association) has a new forbearance plan in the works that would up that limit to 9...
Yes, short sales are definitely on the rise. This shouldn’t come as news to you, but the media and US gov’t are just catching on. Short sales accounted for 15.9% of home purchases in January! REO’s still made up a larger portion of home sales, so we’re still not reaching everyone in time. But...
Obama broke the bank this week, pledging $1.5b in aid to distressed homeowners. This money will go to help those unemployed and anywhere that housing prices have fallen 20% or more. This is in addition to the $2 billion I’ve already given to help real estate investors get their ideas off the ground. Alright,...
