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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...
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...
Fannie Mae and Freddie Mac execs are officially on the chopping block. Their number is up. Their goose is cooked. Their ... well, they're in hot water is what I'm trying to say. Our usually oh so efficient government has no decided it's the...
I think we all just got a backhanded slap from Washington. That means the gauntlet has been thrown down, the insult has been made, and we've been put in our place. Too bad we're not going to sit back and take it. We'll rise to the challenge. But...
Oh boy, you guys are going to love this. Remember all the outrage when private companies that got bailed out by the government started giving huge bonuses to their top executives - the same executives that caused the financial meltdown? Well, the...
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...
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,...
Guys, I'm proud to say that three new members have decided to join my coaching program. That's right, three high-profile organizations have actually approached me to learn my secrets. You may have heard of them: Fannie Mae Freddie Mac Federal...
Well, I'm relieved. Fannie Mae's second quarter losses went down compared to first quarter. So tax payers are less on the hook than they were a few months ago. Fannie "only" took us to the cleaners for $5 billion. And for those keeping score at...
Okay guys, apparently we've had it wrong all along. The whole financial crisis, collapse of the housing market, record unemployment, etc. wasn't really anyone's fault. Well, it certainly wasn't the fault of anyone that we wanted to blame. And...
The summer months are going to be hard on Fannie Mae when they finally arrive. With no heavy overcoats with those deep pockets, and only light shorts with almost no pockets, Fannie Mae will have nowhere to keep the $8.5 billion is just asked the...
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