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There are some new stats coming out about how we’re doing, but first, let’s dispense with some rumors. Our Congress has definitely not gone the way of Greece, our leaders...
Good old Florida is turning out to be pretty scrappy after all. Since being one of the hardest hit areas of the country by the “downturn” they were projected to...
There’s nothing quite like learning something new, even if it’s really absurd trivia. But hey, these are important fun facts that you can use in everyday conversation, or to open...
Your check may be in the mail. That’s right, not a Publisher’s Clearinghouse one, but free money is free money so don’t ask questions. Bank of America will be mailing...
I read an amazing article that captures an amazing message for people everywhere. A lot of life’s most important lessons are learned only while your living it so it’s a...
Here’s a comparison you don’t hear very often: the home-buyer tax credit versus European debt crisis, earthquakes in Japan, and debt ceilings. I just wouldn’t have put all those in...
We’ve reached that special month of May when the year turns serious and kicks into high gear. The weather is warmer (minus some freak NE cold spells), production is higher,...
February was a good month if you’re a house – your average value went up. It might just be a temporary thing but I say milk it for all it’s...
The Senate has begun yet another round of fun-filled meetings to try and make HARP actually work for someone. Now they all admit that the reason the program has tanked...
Best audio player to listen faster, learn faster and have a “sexy” iphone player experience. Visit italkfast.com for more information. Sign up for Updates! Share on...
Your check may be in the mail. That’s right, not a Publisher’s Clearinghouse one, but free money is free money so don’t ask questions. Bank of America will be mailing out more than 200,000 letters telling borrowers that they are eligible for principal reductions on their mortgages. Three requirements: 1) Be underwater 2) Be 60...
Apparently, Bank of America is going into the rental business. It’s an interesting idea and, though they’re trying it on a small scale, it could be an interesting game changer. I’ll give you the scoop and you tell me what you think: BofA is taking 1,000 customers who have - exhausted all loan mod options,...
Ally Financial has finally decided that in the current financial crisis, making a quick buck is less important than doing right by its customers, its investors, and the country as a whole. I’m referring of course to their newest announcement – they’re willing to lower the principal on mortgages deemed “likely to default” to 85%...
Bank of America is trying to get the short sale ball rolling even faster in hard-hit Florida. That state is prime location for short sales considering how insane the foreclosure rate is there. So they’re trying to pay out actual cash for successfully completed short sales. They call it the “Test and Learn” program. For...
So there’s a war of perception going on and as usual none of it really matters. Basically Moody’s (the same people that decided the US needed to be taken down a peg) have chopped the legs out from under three major banks: Citi, B of A, and Wells. They’ve decided that their credit ratings need...
Out West, surf’s up, and so are foreclosures. Some freaky new stats just came out which have experts across the board surprised and flipped out. For months foreclosures have been declining. Then along come Arizona, California, Nevada, Oregon and Washington and throw the whole thing out of whack. And guess who’s to blame? Our old...
Wow, I never thought I’d live to see the day. Actually, let me correct that: I never wanted to live to see the day. It’s like all … stuff is breaking loose up in Washington and I don’t know how it’s all going to end. The FHDA has sued 17, that’s right, 17 financial institutions....
Bank of America seems to be taking on the world. No one is really saying it like that, but hey, I like to call a spade a spade. Basically in a midnight deal struck with Countrywide mortgage investors B of A has offered an $8.5 billion settlement meant to cover “subservicing requirements, specific terms for...
Bank of America has just sold 400,000 lousy loans to none other than our old pal Fannie Mae. They decided recently that they were tired of having to tread water to deal with these loans and threw them to someone with deeper pockets. Of course, they didn’t say it in quite those words. No, they...
Bank of America may have decided to fight the foreclosure battle head on. They’ve begun working with HUD to offer reductions of principal in bad mortgages. And it’s not just BofA. Almost every major lender in the country is being pressured by the government to explain all those naughty practices like faulty paperwork and illegal...
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